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Being a leader in the market doesn’t come easy. Netflix - the go-to online streaming platform of them all, has done a phenomenal job creating a high-performing culture. But they have certainly done justice to it. Coming to performance management, Netflix has a unique 360-degree review process that outbids the old-school formal evaluations. In a conversation with HBR, Patty McCord mentions: “If you talk simply and honestly about performance on a regular basis, you can get good results—probably better ones than a company that grades everyone on a five-point scale.” Build an efficient company culture that motivates employees and drives... (More)