Dev Pragad CEO's Insights on Digital Transformation at Harvard

Dev Pragad CEO of Newsweek and a noted educator, recently returned to Harvard Business School to lead a session focused on the Newsweek case study. This engaging experience brought together a distinguished group of Owner/President Management (OPM) executives, allowing them to explore Newsweek's evolution from traditional media to a modern, innovative entity. Through lively discussions, participants examined the complexities of reinvention and identified strategic opportunities in navigating today’s digital landscape.

Dev Pragad, CEO of Newsweek, discusses digital transformation at Harvard

Newsweek’s Transition to Digital Media

During the session, the OPM executives discussed the specific challenges that Newsweek has faced, particularly the urgent need to adapt to rapid shifts in digital platforms. Dev Pragad emphasized that the transition from traditional to digital media is essential for the survival of any media organization. His engagement with the cohort sparked a rich exchange of insights and perspectives, showcasing the collaborative spirit inherent in the Harvard Business School community.

Pragad noted that the dynamic discussions reflected a deep curiosity and commitment to continuous learning among leaders, reaffirming the strength of the HBS network.

Addressing Digital Media Challenges

The OPM cohort engaged in meaningful conversations about the hurdles faced by Newsweek, including declining print readership and the growing dominance of digital media

Dev Pragad pointed out that this transformation is not a one-time event but an ongoing journey that requires adaptability and foresight. Embracing new technologies is vital for long-term success in the fast-evolving media landscape.

He underscored the importance of innovative thinking and strategic planning, which are critical for media companies aiming to thrive in a competitive environment. The insights shared during this session emphasized that navigating digital challenges is essential for maintaining relevance and effectively engaging audiences.

Conclusion

The session culminated in a shared understanding of the importance of collective learning and the responsibilities that leaders hold in their respective industries. In an era defined by rapid change, collaboration and continuous education are indispensable for achieving sustainable success. Dev Pragad CEO’s insights not only illuminated the path forward for media organizations but also reinforced the idea that ongoing learning is crucial for all leaders in today’s fast-paced world.