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In 2010, Reed Hastings Was Named Fortune Magazine's "Business Person

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Essay

In 2010, Reed Hastings was named Fortune Magazine's "Business Person of the Year." Yet according to readings and class discussions, what was the Netflix CEO's "biggest strategic regret" to that point? What was his reason for giving this answer?


Definitions:

Economies Of Scale

Reductions in average total cost as output rises.

Treasury Reserves

Funds or assets held by a country's treasury to manage the economy’s money supply, stabilize currencies, or finance emergencies.

Comparative Advantage

The economic principle that nations should produce and export goods in which they have the lowest relative cost of production.

Western European Countries

Nations located in the western part of Europe, often characterized by developed economies, democratic governance, and high living standards.

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