#40 An Agile Brand Case Study: Netflix
The Agile Brand with Greg Kihlström®: Expert Mode Marketing Technology, AI, & CX
The Agile Brand
4.9 • 113 Ratings
🗓️ 29 October 2019
⏱️ 10 minutes
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| 0:00.0 | Hi, this is Greg. Look for my book The Agile Brand on Amazon or on my website at the |
| 0:06.4 | agile. World. Welcome back to the Agile World podcast. This is Greg Kilstrom. Over the last few |
| 0:14.7 | episodes I've talked about the Agile Brand Manifesto and how I outlined several |
| 0:20.6 | values that Agile Brands have and should have if they want to remain |
| 0:24.8 | successful. I thought today I'd give an example of a company that I believe |
| 0:31.2 | really exemplifies some of the agile principles and agile values. |
| 0:36.5 | And it's not even solely through branding and marketing, but really just embracing an agile approach to business. |
| 0:44.1 | The company's Netflix. |
| 0:47.0 | And so over the last several decades, |
| 0:50.1 | so really since 1997 when the company was started, they've gone through a number of different iterations. |
| 0:58.0 | So starting in 1997, Reed Hastings, there's's I'm not sure if it's an urban myth or if it's the exact truth, but the the legend goes let's say |
| 1:11.8 | He was fed up with getting, you know, something like a $40 late fee from Blockbuster, |
| 1:17.4 | and just kind of said, you know, there must be a better way than these video rental late fees. |
| 1:23.0 | And, you know, while today, that's an easy thing to kind of understand and appreciate, |
| 1:29.7 | I think for those of us, myself included, that kind of grew up in the era of you know VHS |
| 1:35.2 | and video rentals and and all of those kinds of things it's sometimes hard to |
| 1:40.8 | remember just how big blockbuster was. |
| 1:44.5 | They were a very big part of a very big industry, |
| 1:48.4 | a thriving industry of video rentals. |
| 1:52.1 | And so here is this guy who says, okay, I'm sick of paying late fees for returning |
| 1:58.1 | things that I paid for already, and I want to do something different. |
| 2:03.0 | So he basically takes on a huge industry. |
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