LEADING IN A CHANGING WORLD

Business Framework Highlight  “The sole advantage of power is that you can do better” is believed by Baltasar Gracian. Power is much more than pure confidence; it leads to beneficial outcomes. Effective leaders grasp how to wield power and use it to accomplish their goals.  (Source: Tremoloda 2015) Today “Netflix” is the market-dominant leader of online video streaming businesses. Netflix gave birth as a DVD rental company that was founded by Marc Randolph and Reed Hastings in 1997. Netflix started a team with 30 people and 925 movies to give on rent. Fostering, in 1998, Netflix launched the webpage and changed the payment mode to 'Monthly Subscription' from the 'Pay per rental' model. In 2006, the widespread use of the internet apart from the TV networks, Netflix launched an online media streaming service (Vania 2019). Nowadays, Netflix dominant the online entertainment streaming business by setting up an online library for subscribers with a series of supe...

Business Context Highlight  “Leadership is not one blanket characteristic that cures all ills” (Rietsema 2015), and no resolution is available to be intact leadership. However, an array of leadership-based theories broadens the substantial value-add benefits to leaders. The media rental service company “Netflix” founded in 1997. Reed Hastings, the CEO of Netflix, is a phenomenal transformational leader, takes the revolution in the leadership of his company’s performance metrics and future trajectory. Netflix first launches DVD rental that’s quickly surpassed Blockbuster, the market-dominant. However, Hastings had a more excellent vision, and the sensibility of industrial change is the equivalence of technical enhancements. In 2009, Netflix's video rental business shook out, and DVD membership has fallen from 20 mills to 5.3 mills since 2010 (Goncalves 2018). Hastings announced Netflix devised from DVD-by-mail service to the streaming business, keep separated the two-bus...

Hofstede Cultural Dimensions Culture fills with unwritten rules that regulate what we value and despise, how we interact with others. In 1970, Dr. Geert Hofstede issued a cultural dimensions model (Team, 2009). Being a global team leader needs to understand the differences culture can act as a barrier to communicate. And work effectiveness is being perplexing, who work with people from a different culture. In this scenario, Hofstede is one of the foremost Ideologists and performs a critical role defined by the six dimensions of various cultural generalizations (Belyh, 2015). Theoretical Approach (China vs. Switzerland) We will be conveying the framework of two countries (China vs. Switzerland) against the above Hofstede theory, which can have a good overview of two different cultures. This deep theoretical dive allows getting a translucent view of the concept of how the leader approaches in this scenario. As per (Fig 1), showing the result of dimension measurement of two o...