Netflix has a corporate culture that it is quite proud about. They explain it in a slide stack that is publicly available here. It starts as follows:

“Values are what we value.”

That sounds so simple it’s almost silly. But living up to it requires a more open and honest attitude than many companies would like. You have to explain what you value and make all your judgements in a manner consistent with these values. It is therefore not a coincidence that the slides continue:

Enron, whose leaders went to jail, and which went bankrupt from fraud, had these values displayed in their lobby: Integrity, Communication, Respect, Excellence (These values were not, however, what was really valued at Enron)

True to their word, Netflix continues explaining what their values are and how they work to show these values. They oppose this to nice sounding values, those nice sounding soundbites from marketing departments like Enron’s. Netflix also walks the walk.

The basic principles are similar to my ideas: give your employees freedom to do their job well, help them, and guide them by giving them a context to work in. The slide stack compares it to a number of traditional management approaches quite well, so I encourage you to check out the link for the presentation.