Why Elon Musk wants his employees to use an ancient mental strategy called 'first principles.' via CNBCMakeIt
Elon Musk is clamping down on spending at Tesla and, to do this, he's drawing on an ancient philosophy called"first principles."
This is not the first time Musk has drawn on the"first principles" way of thinking, nor is he the only CEO to lean on the ancient philosophy. In an episode of LinkedIn founder Reid Hoffman's podcast,"Masters of Scale," Hoffman interviews Hastings about how he used first principles thinking to scale Netflix from a DVD-rental mailing service in the late 1990s into one of the world's most popular streaming services.
"We ask people to do what you would think is best for the company," Hastings tells Hoffman."We don't give them any more guideline than that."
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