Why Netflix Co-founder Marc Randolph Doesn't Regret Stepping Down as CEO | Entrepreneur

entrepreneur may need to realize, often with difficulty, that he or she may not be the right person to be the CEO of the growing business.

Focus. It’s an entrepreneur’s secret weapon. Again and again in the Netflix story – dropping DVD sales, dropping à la carte rentals, and eventually dropping many members of the original Netflix team – we had to be willing

, I learned that disagreeing with Jeff and the other senior executives was not only beneficial to me personally (as an “owner”) but also my obligation to the customer, to the shareholder, and company. “If I drive us over a cliff,” Jeff would say, “You’re as much at fault as I am.”

The wheels of corporate change are notoriously slow, particularly when it comes to fundamental transformations. But one major corporation managed to reinvent itself not just once—but twice—in record time. Netflix started out by disrupting the traditional video rental model by shipping DVDs through the mail. But even as the company began to corner t

“The successful executive is faster to recognize the bad decisions and adjust,” explains Walt Bettinger, the CEO of Charles Schwab, “whereas failing executives often dig in and try to convince people that they were right.”