Bharat N. Anand
Henry R. Byers Professor of Business Administration
Henry R. Byers Professor of Business Administration
Bharat N. Anand is the Vice Provost for Advances in Learning at Harvard University, and the Henry R. Byers Professor of Business Administration at Harvard Business School.
Professor Anand is an expert in digital strategy, media and entertainment strategy, corporate strategy, and organizational change. His work has examined competition in information goods markets, focusing on two central challenges that firms increasingly face: “getting noticed” amidst the increasing clutter of alternatives available to consumers, and “getting paid” for what they produce.
His recent book, The Content Trap: A Strategist’s Guide to Digital Change (Random House) examines digital transformation in content industries, with a view to distilling the learnings from a quarter century of change that might inform digital efforts elsewhere. The book has received acclaim for its perspective on strategy and digital transformation, and was named as one of Fast Company’s top ten business books of 2016, Bloomberg’s “Best Books of 2017”, and received the Axiom Best Business Book Award in “Business Theory” (Silver) in 2018.
Professor Anand's papers have shed light on the roles of branding and advertising as vehicles of matching and information, on competition between cable news networks, and on strategies that firms employ to tackle the challenge of weak or insecure property rights. In prior work, he studied the financing of R&D, the structure of technology licensing contracts, and the industrial organization of financial intermediation markets. His papers have been published in several leading journals in economics, marketing, and strategy, and received various awards.
Professor Anand created Harvard Business School’s first executive program on digital strategies for media companies, and was a faculty co-founder of HBS’ interdisciplinary research initiative on digital issues. He has authored numerous case studies in business and corporate strategy, including those on Danaher, The Economist, International Management Group, News Corporation, Random House, and Schibsted. His research and case writing has received various awards, and his work has been profiled in numerous media outlets, including The New York Times, Wall Street Journal, Entrepreneur, Fast Company, Forbes, Fortune, Inc., and Bloomberg. His work on digital transformation has influenced both start-ups and established companies, and he has advised leading organizations and entrepreneurs across the globe.
Professor Anand has served as faculty head of the required Strategy course in the MBA program, has taught Strategy in the General Management Program, and has served as faculty chair of various executive programs at the school. For several years, he taught the popular second-year elective course in Corporate Strategy in the MBA elective curriculum, for which he received the Faculty Award for Teaching Excellence at HBS from the MBA class of 2006 and the MBA class of 2007.
Professor Anand helped create Harvard Business School’s digital learning initiative, HBS Online (formerly, HBX), in 2014, and served as its first faculty chair and Senior Associate Dean. He helped oversee the design and creation of HBX’s digital learning platforms, and created one of its first online courses. HBS Online has received accolades for its innovative approach to online pedagogy, and its virtual classroom has been described by Fortune as the “Classroom of the Future.”
In his current role as Vice Provost, Professor Anand has led Harvard University's efforts to formulate, communicate, and implement strategic priorities around online learning and residential teaching across the University. He was part of Harvard's central leadership team to support and oversee the University’s transition to remote teaching during the pandemic, and more recently he chaired Harvard's Future of Teaching and Learning Task Force that explored post-pandemic digitally-enabled transformative teaching and learning strategic opportunities for Harvard University.
Professor Anand received his B.A. in economics from Harvard College magna cum laude, and his PhD in economics from Princeton University. He is a recipient of the Greenhill Award for outstanding contributions to Harvard Business School, and the Apgar Award for Innovations in Teaching.
- Featured Work
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A Strategist's Guide to Digital Change
Companies everywhere face two major challenges today: getting noticed and getting paid. To confront these obstacles, Bharat Anand examines a range of businesses around the world, from Chinese Internet giant Tencent to Scandinavian digital trailblazer Schibsted, from The New York Times to The Economist, and from talent management to the future of education. Synthesizing what these stories have in common, and drawing on the latest research in economics, marketing, and strategy, this book reveals important lessons, undercuts certain celebrated myths, and reorients strategy.
Companies that flourish in a digital world have focused on establishing and fostering connections rather than creating the best content. Success comes not from making the "best" content, but from recognizing how content facilitates user connections; it comes not from protecting the value of content at all costs, but from unearthing related opportunities – product connections - close by; and it comes not from mimicking competitors' best practices, but from seeing functional connections - choices that are part of a connected whole.
Digital change means that everyone today can reach and interact with others directly: We are all in the content business. But that comes with risks that Anand teaches us how to recognize and navigate. Filled with conversations with key players and in-depth dispatches from the frontlines of digital change, THE CONTENT TRAP contains lessons for businesses, entrepreneurs, and individuals trying to figure out what to do next.
- Books
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- Anand, Bharat. The Content Trap: A Strategist's Guide to Digital Change. New York: Random House, 2016. View Details
- Journal Articles
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- Anand, Bharat, and David J. Collis. "Why Multibusiness Strategies Fail and How to Make Them Succeed." Harvard Business Review 102, no. 5 (September–October 2024): 138–149. View Details
- Anand, Bharat, and David J. Collis. "The Virtues and Limitations of Dynamic Capabilities." Strategic Management Review 2, no. 1 (2021): 47–78. View Details
- Anand, Bharat. "The U.S. Media's Problems Are Much Bigger than Fake News and Filter Bubbles." Harvard Business Review (website) (January 5, 2017). View Details
- Berry, Steven T., Ahmed Khwaja, Vineet Kumar, Andres Musalem, Kenneth C. Wilbur, Greg Allenby, Bharat Anand, Pradeep K. Chintagunta, W. Michael Hanemann, Przemyslaw Jeziorski, and Angelo Mele. "Structural Models of Complementary Choices." Marketing Letters 25, no. 3 (September 2014): 245–256. View Details
- Anand, Bharat N., and Ron Shachar. "Advertising, the Matchmaker." RAND Journal of Economics 42, no. 2 (Summer 2011): 205–245. (Lead Article.) View Details
- Anand, Bharat, and Ron Shachar. "Targeted Advertising as a Signal." Quantitative Marketing and Economics 7, no. 3 (September 2009): 237–266. (Lead Article.) View Details
- Anand, Bharat. "The Value of a Broader Product Portfolio." Special Issue on HBS Centennial. Harvard Business Review 86, no. 1 (January 2008): 20. View Details
- Elberse, Anita, and Bharat N. Anand. "The Effectiveness of Pre-Release Advertising for Motion Pictures: An Empirical Investigation Using a Simulated Market." Information Economics and Policy 19, nos. 3-4 (October 2007): 319–343. (Special Issue on Economics of the Media.) View Details
- Anand, Bharat, Rafael Di Tella, and Alexander Galetovic. "Information or Opinion? Media Bias as Product Differentiation." Journal of Economics & Management Strategy 16, no. 3 (Fall 2007): 635–682. View Details
- Anand, Bharat, and Ron Shachar. "(Noisy) Communication." Quantitative Marketing and Economics 5, no. 3 (September 2007): 211–237. (Lead Article.) View Details
- Anand, Bharat, and Alexander Galetovic. "Relationships, Competition, and the Structure of Investment Banking Markets." Journal of Industrial Economics 54, no. 2 (June 2006): 151–199. (Lead Article.) View Details
- Anand, Bharat N., and Alexander Galetovic. "How Market Smarts Can Protect Property Rights." Harvard Business Review 82, no. 12 (December 2004). View Details
- Anand, Bharat, and Ron Shachar. "Brands as Beacons: A New Source of Loyalty to Multiproduct Firms." Journal of Marketing Research (JMR) 41, no. 2 (May 2004): 135–150. (Lead Article) and (Formerly titled: "Multiproduct Firms, Information, and Loyalty.") View Details
- Anand, Bharat. "Competing Over The Airwaves." Smart Manager Q102 (January–March 2002): 22–36. (Reprinted in The Financial Express, August 7, 2003 (Part 1) and August 14, 2003 (Part 2).) View Details
- Anand, B., and A. Galetovic. "Information, Non-Excludability, and Financial Market Structure." Journal of Business 73, no. 3 (July 2000): 357–402. View Details
- Anand, B., and R. Sansing. "The Weighting Game: Formula Apportionment as an Instrument for Public Policy." National Tax Journal 53, no. 2 (June 2000): 183–200. (Lead Article.) View Details
- Anand, B., and T. Khanna. "The Structure of Licensing Contracts." Journal of Industrial Economics 48, no. 1 (March 2000): 103–35. (Formerly titled "Intellectual Property Rights and Contract Structure.") View Details
- Anand, B., and T. Khanna. "Do Firms Learn to Create Value? The Case of Alliances." Strategic Management Journal 21, no. 3 (March 2000): 295–315. View Details
- Anand, B., and A. Galetovic. "Weak Property Rights and Hold-up in R&D." Journal of Economics & Management Strategy 9, no. 4 (Winter 2000): 615–642. View Details
- Shachar, R., and B. Anand. "The Effectiveness and Targeting of Television Advertising." Journal of Economics & Management Strategy 7, no. 3 (Fall 1998): 363–96. View Details
- Book Chapters
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- Collis, David J., Bharat Anand, and J. Yo-Jud Cheng. "The United States in Contemporary Perspectives: Evolving Forms, Strategy, and Performance." Chap. 15 in Business Groups in the West: Origins, Evolution, and Resilience, edited by Asli M. Colpan and Takashi Hikino. New York: Oxford University Press, 2018. View Details
- Wasserman, Noam, Nitin Nohria, and Bharat Anand. "When Does Leadership Matter? A Contingent Opportunities View of CEO Leadership." Chap. 2 in Handbook of Leadership Theory and Practice, edited by Nitin Nohria and Rakesh Khurana. Harvard Business Press, 2010. View Details
- Anand, Bharat, and Alexander Galetovic. "Strategies That Work When Property Rights Don't." In Intellectual Property and Entrepreneurship. Vol. 15, edited by Gary Libecap, 261–304. Advances in the Study of Entrepreneurship, Innovation, and Economic Growth. Greenwich, CT: JAI Press, 2004. View Details
- Working Papers
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- Piskorski, Mikolaj J., and Bharat N. Anand. "The Strength of Peripheral Ties: Maintaining Status When Firms Lose Resources." Harvard Business School Working Paper, No. 08-067, February 2008. View Details
- Anand, Bharat N., Alexander Galetovic, and Alvaro Stein. "Incentives versus Synergies in Markets for Talent." Harvard Business School Working Paper, No. 04-037, September 2003. View Details
- Anand, Bharat, and Ron Shachar. "Risk Aversion and Apparently Persuasive Advertising." Harvard Business School Working Paper, No. 02-099, June 2002. View Details
- Wasserman, Noam, Bharat Anand, and Nitin Nohria. "When Does Leadership Matter? The Contingent Opportunities View of CEO Leadership." Harvard Business School Working Paper, No. 01-063, January 2001. ((Later published as Ch. 2 in The Handbook of Leadership Theory and Practice, 2010.)) View Details
- Anand, Bharat, and M.J. Piskorski. "Resources, Power and Prestige: Formulation of Structural Inequality in Social Exchange Networks." Harvard Business School Working Paper, No. 00-070, January 2000. (Formerly Titled: Why Are Networks Important.) View Details
- Cases and Teaching Materials
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- Sadun, Raffaella, Bharat Anand, and Eric Van den Steen. "Videojet (B)." Harvard Business School Supplement 717-410, August 2016. View Details
- Sadun, Raffaella, Bharat Anand, and Eric Van den Steen. "Videojet (A)." Harvard Business School Case 717-403, August 2016. (Revised March 2018.) View Details
- Anand, Bharat N. "Corporate Strategy." Harvard Business School Module Note 713-415, July 2012. View Details
- Kumar, Vineet, Bharat Anand, Sunil Gupta, and Felix Oberholzer-Gee. "The New York Times Paywall." Harvard Business School Case 512-077, February 2012. (Revised January 2013.) View Details
- Anand, Bharat, David J. Collis, and Sophie Hood. "Danaher Corporation." Harvard Business School Case 708-445, February 2008. (Revised November 2015.) View Details
- Palepu, Krishna G., Bharat N. Anand, and Rachna Tahilyani. "Tata Nano The People's Car." Harvard Business School Case 710-420, April 2010. (Revised March 2011.) View Details
- Anand, Bharat N., and Peter Olson. "The Random House Response to the Kindle." Harvard Business School Case 710-444, January 2010. (Revised February 2011.) View Details
- Oberholzer-Gee, Felix, Bharat N. Anand, and Lizzie Gomez. "The Economist." Harvard Business School Case 710-441, March 2010. (Revised July 2010.) View Details
- Anand, Bharat N., Peter W. Olson Esq., and Mary Tripsas. "eReading: Amazon's Kindle." Harvard Business School Case 709-486, February 2009. (Revised December 2009.) View Details
- Anand, Bharat N., and Samhita Patwardhan Jayanti. "Berkshire Hathaway." Harvard Business School Case 709-449, January 2009. View Details
- "Strategy: Building and Sustaining Competitive Advantage." Harvard Business School Class Lecture 705-509, June 2005. (Revised September 2008.) View Details
- Anand, Bharat N. "Choice Hotels International, 1995 (CW)." Harvard Business School Spreadsheet Supplement 708-813, February 2008. View Details
- Anand, Bharat N., Rafael M. Di Tella, and Dennis A. Yao. "CNN and the Cable News Wars." Harvard Business School Case 707-491, November 2006. (Revised July 2007.) View Details
- Anand, Bharat N., and Sophie Hood. "Schibsted." Harvard Business School Case 707-474, April 2007. View Details
- Anand, Bharat N., Kyle F. Barnett, and Elizabeth Lea Carpenter. "Random House." Harvard Business School Case 704-438, February 2004. (Revised April 2007.) View Details
- Nohria, Nitin, Bharat N. Anand, and Kyle F. Barnett. "Giddings & Lewis: In Search of the Cutting Edge (Consolidated) (A)." Harvard Business School Case 495-018, September 1994. (Revised August 2006.) View Details
- Anand, Bharat N. "Crafting Business Strategy with Environment Scanning." Boston: Harvard Business School Publishing Class Lecture, 2006. Electronic. (Faculty Lecture: HBSP Product Number 9-828-2C.) View Details
- Anand, Bharat N., Michael G. Rukstad, and Christoph Kostring. "Bertelsmann AG." Harvard Business School Case 703-405, March 2003. (Revised November 2005.) View Details
- Anand, Bharat N. "Bertelsmann AG (TN)." Harvard Business School Teaching Note 705-417, March 2005. (Revised November 2005.) View Details
- Anand, Bharat N. "Making Sense of Media Conglomerates." Harvard Business School Module Note 704-466, December 2003. (Revised July 2005.) View Details
- Anand, Bharat N. "Random House (TN)." Harvard Business School Teaching Note 705-415, May 2005. View Details
- Anand, Bharat N. "Corporate Strategy: Course Note for Instructors." Harvard Business School Course Overview Note 704-461, December 2003. (Revised April 2005.) View Details
- Anand, Bharat N. "Corporate Strategies in Media and Entertainment Businesses." Harvard Business School Background Note 705-479, April 2005. (Revised April 2005.) View Details
- Anand, Bharat N. "News Corporation (TN)." Harvard Business School Teaching Note 705-419, October 2004. (Revised April 2005.) View Details
- Anand, Bharat N. "Strategies of Related Diversification." Harvard Business School Background Note 705-481, April 2005. (Revised April 2005.) View Details
- Anand, Bharat N. "Corporate Strategy: Course Introduction." Harvard Business School Background Note 705-482, April 2005. (Revised April 2005.) View Details
- Anand, Bharat N., and Samhita Patwardhan Jayanti. "Strategies of Unrelated Diversification." Harvard Business School Background Note 705-480, April 2005. View Details
- Anand, Bharat N. "International Management Group (IMG) TN." Harvard Business School Teaching Note 705-414, September 2004. (Revised April 2005.) View Details
- Anand, Bharat N., Elizabeth Lea Carpenter, and Samhita Patwardhan Jayanti. "Oscar de la Renta." Harvard Business School Case 704-490, March 2004. (Revised March 2005.) View Details
- Anand, Bharat N. "Must Zee TV (TN)." Harvard Business School Teaching Note 705-418, March 2005. View Details
- Anand, Bharat N. "Fox Bids for the NFL: 1993 & Fox and the NFL: 1998 (TN)." Harvard Business School Teaching Note 705-423, March 2005. View Details
- Anand, Bharat N., and Estelle S. Cantillon. "Music Industry and the Internet, The." Harvard Business School Case 703-513, April 2003. (Revised January 2004.) View Details
- Anand, Bharat N., and Michael G. Rukstad. "Capital One Financial Corporation (TN)." Harvard Business School Teaching Note 704-467, December 2003. View Details
- Anand, Bharat N., and Catherine M. Conneely. "Fox Bids for the NFL-1993." Harvard Business School Case 704-443, December 2003. View Details
- Anand, Bharat N., and Catherine M. Conneely. "Fox and the NFL-1998." Harvard Business School Case 704-444, December 2003. View Details
- Anand, Bharat N., and Estelle S. Cantillon. "Music Industry and the Internet, The (TN)." Harvard Business School Teaching Note 704-431, September 2003. View Details
- Anand, Bharat N., and Kate Attea. "News Corporation." Harvard Business School Case 702-425, April 2002. (Revised June 2003.) View Details
- Anand, Bharat N., Nitin Nohria, and John Pegg. "ICICI (A)." Harvard Business School Case 701-064, February 2001. (Revised March 2003.) View Details
- Anand, Bharat N., and Tarun Khanna. "Must Zee TV." Harvard Business School Case 700-122, June 2000. (Revised February 2003.) View Details
- Anand, Bharat N., and Kate Attea. "International Management Group (IMG)." Harvard Business School Case 702-409, November 2001. (Revised September 2002.) View Details
- Anand, Bharat N., and Taslim Pirmohamed. "AtomFilms." Harvard Business School Case 701-063, June 2001. View Details
- Anand, Bharat N., Michael G. Rukstad, and Christopher Paige. "Capital One Financial Corporation." Harvard Business School Case 700-124, April 2000. (Revised May 2000.) View Details
- Anand, Bharat N., Tarun Khanna, and Jan W. Rivkin. "Market Failures." Harvard Business School Background Note 700-127, April 2000. View Details
- Other Publications and Materials
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- Olson, Peter, and Bharat Anand. "The Kindle: Igniting the Book Business." June 2009. (Book Business 12, no. 4 , pages 26-28.) View Details
- Anand, Bharat, and Dmitri Byzalov. "Diversification and Firm Value: How Important is the Diversification Discount versus Systematic Heterogeneity?" View Details
- Anand, Bharat, and Ron Shachar. "The Message Supports the Medium." 2004. (Formerly Titled: "Strategic Targeting with Noisy Signals" and "Targeted Advertising as a Signal of Product Match.") View Details
- Anand, Bharat, and Rafael Di Tella. "The Business of Bias." View Details
- Anand, Bharat. "Making Sense of Media Conglomerates." View Details
- Anand, Bharat, and Alexander Galetovic. "Investment Banking and Security Market Development: Does Finance Follow Industry?" 2002. View Details
- Awards & Honors
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Winner of the 2016 Case Centre Award in the Marketing category for “The New York Times Paywall” with Vineet Kumar, Sunil Gupta, and Felix Oberholzer-Gee (HBS Case 512-077).Winner of the 2018 Axiom Business Book Award Silver Medal for the Best Book in the Business Theory category for The Content Trap: A Strategist's Guide to Digital Change, (Random House, 2016).Received the 2015 Apgar Award for Innovation in Teaching.Winner of the 2023 Robert F. Greenhill Award for Outstanding Contributions to Harvard Business School.Received the 2006 HBS Student Association Faculty Teaching Award for exceptional contributions to the graduating class’s HBS experience.Received the 2007 HBS Student Association Faculty Teaching Award for exceptional contributions to the graduating class’s HBS experience.
- Areas of Interest
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- corporate strategy
- intellectual property
- strategy
- competition
- competitive strategy
- consumer behavior
- diversification
- broadcasting
- entertainment
- information
- media
- motion pictures
- music
- publishing industry
- sports
- television
- Europe
- India
- United States
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