Netflix has no OKRs (Objective and Key Results). It has “freedom and responsibility”.
This is not entirely true. Reed Hasting later added processes for employee safety and sexual harassment, customer data privacy, and financial reporting. Stating its importance in “high-volume, low-error” or safety-critical environments.
Comparing it to Intel, where OKRs are the backbone of the management success, Netflix believes that OKRs stiffen creativity and create operation overhead.
When your product is creative, beware of the tradeoffs.
The same is true for startups who have yet to a product a people love and recommend.