Thank You for Disrupting

Home > Other > Thank You for Disrupting > Page 17
Thank You for Disrupting Page 17

by Jean-Marie Dru


  three young Colombian entrepreneurs discovered a chemical

  process that can be used to turn plastic bags into bricks.1 The

  bricks are solid, water resistant and cheap and are used in construc-

  tion to build low-cost houses and schools. With this invention, the

  entrepreneurs have killed three birds with one stone. First, they

  permit poor women to earn a little money by collecting plastic

  bags that are often lying on the ground. Second, they contribute to

  the cleanup of the planet and oceans. And, third, they help to make

  home ownership possible for a great number of people. Of course

  the impact of these innovative bricks is still quite limited, but just

  imagine for a moment what could happen if it could be scaled up in

  all the little villages and cities of the world.

  A lot of websites like Good News Network or The Week in Good

  World News are dedicated to promoting progress and advances

  157

  158

  tHanK YOu FOr DisruPting

  in all kinds of different domains. But the site with arguably the

  greatest impact is the Huffington Post (renamed HuffPost in 2017).

  Its founder, Arianna Huffington, had become alarmed by the fact

  that people watching the news or reading the newspapers were

  faced with an appalling vision of the world we live in. Armed

  conflict, terrorism, financial crises, assorted crimes—all of this

  is our daily lot. Whereas it’s obviously essential to keep people

  informed, for Huffington, the general impression created is too

  unbalanced. As she has said: “There are a lot of horrible things

  happening in the world but it is not 95% bad!”2 This is why she

  decided to shine a light on people who are doing and inventing

  things to resolve the problems of our world. The Huffington Post

  focuses on actions that are constructive.

  The impact of positive initiatives, such as the one from

  Colombia, may be limited, but Huffington considered it her

  duty to make them known. The media, she said, “should give

  them more oxygen.” So she included on her site several sections

  like “What’s Working,” “Good News,” and “The Best Feel-

  Good Headlines From Last Week.” To quote the journalists at

  Huffington Post, “Any time you feel depressed, you can go there

  and feel optimistic about the world and human nature again.”3

  In this way, Huffington challenged what social media thrives

  on: the bad news that feeds the buzz. This is just one of the many

  innovations coming from the Huffington Post. As we will see, its

  entire model is disruptive.

  the Consecration of Online Journalism

  Back in 2005, the editorial staffs of the print media naively

  thought that confronting the Internet revolution could be ac-

  complished simply by reproducing newspaper articles online.

  arianna Huffington

  159

  Lots of more or less niche news blogs already existed,

  addressing narrow groups of readers. Then, along came

  Huffington. Her project was of quite a different dimension. Her

  online journal was simultaneously a media company and a col-

  laborative platform. It was a news site based on interactions

  between journalists and Internet readers to a degree never

  before achieved. She knew she could harness the explosion of

  information. The amount of digital data produced online in

  2006 alone was three million times the material of all the books

  ever written. “It only took six months for the Huffington Post to

  surpass the web traffic of the Wall Street Journal, the New York

  Times and the Washington Post.”4

  Huffington disrupted conventional journalism and gave

  respectability to digital news reporting. She did this in multi-

  ple ways. First, she understood very early on the importance of

  social networking and the role celebrities would play. When the

  Huffington Post was just beginning, she had no hesitation in flip-

  ping through her address book and asking people like George

  Clooney, Alec Baldwin, or Madonna to write for the site for free.

  Then, after having called upon the stars, she opened up her

  site to the world, to the non-famous people who had something

  interesting to say. And she allowed them to publish their arti-

  cles alongside those of the big-name authors. Thousands and

  thousands of people responded to such an opportunity. This

  unremunerated content generation, an unusual practice at the

  time, was the foundation of her economic model.

  Huffington has been called the “Queen of Aggregation.”5

  She knew better than anyone how to give new life to content

  that had already appeared elsewhere, often by expanding upon

  or reducing the coverage, and giving it a catchier headline. She

  even used a system of A/B testing between headlines to measure

  which would generate the most traffic. She told her detractors

  160

  tHanK YOu FOr DisruPting

  that this allowed her to give more visibility to the articles and to

  their authors, via the links she provided to the source.

  Beyond external volunteer columnists, the site’s editorial staff

  has been strengthened over time. It has counted up to 250 writ-

  ers and reporters in 2017, some of whom have received presti-

  gious journalistic awards and recognition. At the end of the day,

  Huffington has turned her site into an editorial meeting place

  for celebrities, journalists, and the general public. It is a perfect

  blend. More than just an aggregator, she was actually an incom-

  parable gatherer.

  She also understood better than anyone a major characteris-

  tic of online journalism. Not only does the news need to evolve

  in real time, but it also needs to be delivered in a particular way.

  Algorithms allow maximum interactivity with readers, leading

  to content being constantly fine-tuned and adjusted. As declared

  Kenneth Lerer, one of her associates, commenting on the fact

  that articles are always being reviewed and corrected, “digital is

  painting in oil.”6

  Huffington’s critics have qualified her approach as being mer-

  cantile. It is true that she had a clear mind of what the general

  public wanted to read, and how to present it, and this often led

  to comparisons of Huffington Post with tabloids. I imagine she

  didn’t pay too much attention to these remarks. Maybe she knew

  that Joseph Pulitzer and William Randolph Hearst were held

  in low esteem by established journalists. Yet, this didn’t stop

  Adolph S. Ochs, who bought the New York Times in 1896, from

  paying tribute to them. He said: “Such papers as The World and

  The Journal exist because the public wants them. I hold that some

  of their features are open to criticism, but each of them has done

  infinitely more good than harm.”7 Over 100 years later, one can

  say without contest that Huffington did the same.

  In 2012, the Huffington Post was awarded a Pulitzer Prize.

  arianna Huffington

  161

  Women in Business

  I wanted to evoke Oprah Winfrey and Arianna Huffington in

  t
his book, because they are both emblematic women entrepre-

  neurs who have disrupted the business environments in which

  they operate. And each, in her own way, has battled for the

  equality of the sexes, for true emancipation of women, so that

  their voices may carry as powerfully as those of men.

  I remember a campaign that ran back in the eighties. It was

  for a major French mail order company. The tagline my agency

  created stated that the future belongs to women. It sounds beau-

  tiful in French: “Demain sera féminin,” meaning “Tomorrow

  belongs to women.” It was written 30 years ago, and it is regret-

  table to note that tomorrow is still late in coming.

  The glass ceiling is still there. Today in the United States,

  “men still hold 95 percent of the CEO positions and about 85

  percent of all executive positions of Fortune 500 companies.”8

  And in 10 years, the percentages have only shifted a point or two.

  This major gender imbalance is obviously highly distressing.

  In 2014, the Huffington Post explained that “gender equality

  for women cannot happen without men.”9 And it exhorted its

  male readers to fully engage in pursuing equality between the

  sexes. No change can happen unless the men who are currently

  leading businesses truly accept that the promotion of equality is

  not just a moral obligation, but also a strategic necessity. Gender

  equality is not a nice-to-have, it is a business imperative.

  Countless studies have demonstrated the point to which

  equality in the workplace increases productivity. Giving senior

  responsibility to women allows companies to better under-

  stand half of the world’s population. This is pretty obvious. It

  also provides them the opportunity to acquire better insights

  into the people who make the majority of household purchasing

  162

  tHanK YOu FOr DisruPting

  decisions. Additionally, women own nearly half of the shares of

  publicly traded companies in the United States. You could ask

  yourself what the business world is waiting for to give them more

  access to senior positions.

  A greater number of women are going to college. In the

  United States,10 the percentage of female graduates in the labor

  force has risen from 11 percent in 1970 to more than 42 per-

  cent today. In most Western countries, women now surpass men

  in terms of postgraduate education. As we have all seen, when

  women join companies, they bring with them new, different

  ways of seeing things. They possess qualities that are indispens-

  able to the world of business. We know that having diverse opin-

  ions and experiences around the table increases the chances of

  producing new thinking. Earlier in this book, I talked about the

  deficit of innovation that exists in a great number of companies.

  Increasing the number of women in decision-making positions

  should be one of the first responses to this deficit.

  Things are, nevertheless, beginning to change, even in

  places where it’s least expected, such as in Silicon Valley. In one

  Huffington Post article,11 a contributor underlined that “women

  are the most disruptive force in tech.” This is not just backed

  up by the cases of Sheryl Sandberg at Facebook or Marissa

  Mayer during her time at Yahoo! The author cites as examples

  the dozens of women on the rise in companies such as Twit-

  ter, Microsoft, Google, and Pinterest. Today, women are filling

  approximately half of the new tech jobs.

  The same article pointed out that 200 women were founders

  or co-founders of the 125 most successful tech start-ups of the

  last decade, with stock-market capitalization above $50 million.

  Another striking statistic is that tech companies led by women

  have, on average, a 12 percent higher annual revenue than their

  equivalents led by men. These same companies required a third

  arianna Huffington

  163

  less capital employed to achieve these results. The time for pro-

  crastination is over. It has become urgent to permanently remove

  all barriers to equality.

  Time goes on. In 2011, Huffington and other shareholders of

  the Huffington Post sold the company for about $315 million. This

  offers further proof, if needed, of the power of her business model.

  A few months later, she launched a new adventure: Thrive Global,

  a platform focused on health and wellness. She has developed work-

  shops and courses on work-life balance. This project continues the

  work Huffington started in two books she published, Thrive and

  The Sleep Revolution: Transforming Your Life, One Night at a Time.

  She chose a subject that at first appears merely interesting, but

  it is actually crucial. It concerns the effects of lack of sleep, includ-

  ing stress. She denounces the illusion that to succeed, working

  people too often think that they should always be connected. She

  seeks to end the “macho culture of burnout and overwork.”12 She

  wrote an open letter to one man in particular—a familiar business

  figure who sleeps very little; works 120 hours a week; and spent his

  47th birthday, all 24 hours of it, at work. The man is Elon Musk,

  and this is part of what she wrote to him:

  You’re a science and data-driven person. You’re obsessed with

  physics, engineering, with figuring out how things work. So

  apply that same passion for science not just to your products

  but to yourself. People are not machines. For machines—

  whether for the First or Fourth Industrial Revolution variety—

  downtime is a bug; for humans, downtime is a feature. The

  science is clear. And what it tells us is that there’s simply no

  way you can make good decisions and achieve your

  world-changing ambitions while running on empty.

  Working 120-hour weeks doesn’t leverage your unique

  qualities, it wastes them. You can’t simply power through—

  that’s just not how our bodies and our brains work. Nobody

  164

  tHanK YOu FOr DisruPting

  knows better than you that we can’t get to Mars by ignoring

  the laws of physics. Nor can we get where we want to go by

  ignoring scientific laws in our daily lives.13

  Huffington explains that stress penalizes companies because

  it reduces productivity. She underlines another imbalance14:

  women who experience job-related stress have a 40 percent

  higher risk of heart disease and 60 percent greater risk of diabetes.

  As a consequence, companies that want women—and all

  employees—to reach their full potential should seriously recon-

  sider their workplace culture. It is an absolute necessity. This

  was confirmed by a McKinsey 2015 report15 entitled “Diversity

  Matters.” It shows that companies in the top quartile for gen-

  der diversity on their executive teams are 15 percent more likely

  to have above-average financial returns than those in the fourth

  quartile. In 2018, this number rose to 21 percent.

  A greater presence of women in business will mean a brighter

  future for business as a whole. Each day that does
not go in this

  direction is a day lost. The slowness of change in this regard

  is unacceptable. It’s why Arianna Huffington, Oprah Winfrey,

  and thousands of other women, and men, have multiplied their

  calls to action. Winfrey focuses more on challenges in pri-

  vate life, for example, by combatting violence against women.

  Huffington focuses more on the sphere of business, by fighting

  for the accession of women to the boardroom. But their mis-

  sions blend together. As the McKinsey Global Institute noted,

  “Gender equality at work is not achievable without gender equal-

  ity in society.”16

  PART

  FIVE

  DISRUPTIVE SOCIAL

  PURPOSE

  Social consciousness among business leaders is not new.

  I begin this part on corporate social responsibility (CSR)

  by paying tribute to Sarah Breedlove, better known as Madam C.

  J. Walker. In her time she was the wealthiest African-American

  woman and the “nation’s first self-made female millionaire.”1

  She was also one of the first entrepreneurs in America to make

  social purpose and business work together. After having fought

  for civil rights for Blacks all her life, she donated a large part of

  her fortune to charity upon her death in 1919.

  She was born in 1867, a few years after Abraham Lincoln

  issued the Emancipation Proclamation. Her parents were former

  cotton plantation slaves, and Breedlove started with absolutely

  nothing—and with the odds stacked against her. Orphaned at

  the age of 7, married at 14, and widowed with a daughter at 20,

  she worked long and hard for a pittance, up until 1905. That

  165

  166

  THANK YOU FOR DISRUPTING

  year, starting from scratch, she created the C. J. Walker Manu-

  facturing Company, through which she developed and sold her

  own line of hair care products.

  Her star products included a hair lotion and a pomade made

  from extracts of traditional African herbs. Her life took her way

  beyond her tough childhood and challenging early life, and she

  became a legendary entrepreneur and philanthropist. At the

  National Negro Business League Convention in July 1912, she

  declared, “I am a woman who came from the cotton fields of

  the South. I was promoted from there to the washtub. Then I

  was promoted to the cook kitchen. And from there I promoted

  myself into the business of manufacturing hair goods and prepa-

 

‹ Prev