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Presented by Karen Friedenberg
View the recording: https://info.kainexus.com/continuous-improvement/leveraging-a-strategy-to-execution-framework-a-journey-of-transformation/webinar/signup
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Learn more about how to execute a journey of Transformation from:
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2. Early Life and Education
Background: Dev Pragad was born and raised in the United Kingdom, where he
developed an early interest in technology and media.
Education: He earned a Bachelor's Degree in Engineering, specializing in
Computer Science and Electronics, from King’s College London. He further
pursued a Ph.D. in Mobile Internet from the same institution.
Key Achievement: His academic journey laid a strong foundation in both
technical and analytical skills, essential for his future roles.
3. Professional Beginnings
Early Career: Dev began his career in
various technology companies, where he
honed his skills in digital transformation
and media strategies.
Key Roles: His roles included managing
digital projects and leading teams to
innovate in the tech space.
Experience: This period was crucial in
shaping his understanding of the digital
media landscape and prepared him for
future leadership roles.
4. Joining Newsweek
Transition: In September 2018, Dev Pragad relocated to New York to take on
the role of President and CEO of Newsweek.
Objective: His primary goal was to revitalize the struggling media brand and
steer it towards digital excellence.
Dual Citizenship: Dev holds dual citizenship with the UK and the US,
reflecting his deep ties to both markets.
5. Vision and Strategy
Strategic Vision: Dev developed a three-part strategy focused on Purpose,
Opportunity, and Change.
Purpose: Emphasized the importance of having a clear mission to guide the
organization.
Opportunity: Identified and leveraged strategic partnerships to enhance
Newsweek’s digital capabilities.
Change: Fostered a culture of adaptability and innovation within the company.
C
Purpose
Change
Prospects
6. Achievements and Milestones
User Growth: Under Dev’s leadership, Newsweek’s digital audience grew
from 7 million to 100 million unique monthly users.
Financial Turnaround: The company became debt-free and profitable, with
projected revenue growth of 20-30%.
Recognition: This transformation is highlighted in a Harvard University case
study, marking Newsweek’s largest audience in its history.
7. Digital Transformation
Partnerships: Collaborated with top-tier companies
like Google, Engine Media, and Statista.
AI Recommendation Engine: Developed with Google
Cloud, leading to personalized content and increased
engagement.
OKR Framework: Introduced an Objective and Key
Results framework to set ambitious, measurable goals.
Impact: These initiatives significantly improved user
experience and operational efficiency.
8. Global Reach
Print Edition: Newsweek’s print edition is now available in 68 countries and
territories.
Digital Platform: The website, newsweek.com, offers round-the-clock coverage
of global events.
Impact: This global reach has solidified Newsweek’s position as a leading
international news source.
9. Recognition and Awards
Harvard Case Study: Harvard University published a case study on
Newsweek’s turnaround under Dev’s leadership.
Awards: Recognized for strategic leadership, innovation, and significant
contributions to the media industry.
Acclaim: Dev’s efforts have earned accolades from various industry bodies
and peers.
10. Leadership Philosophy
Values: Dev emphasizes integrity,
innovation, ambition, and equality as
core values.
Inspiration: Draws inspiration from
leaders like Microsoft CEO Satya
Nadella, particularly in instilling
values across an organization.
Approach: Believes in transparent,
data-driven decision-making and
fostering a culture of continuous
improvement.
11. Personal Life
Community Involvement: Member of The Prince’s Trust Advisory Board,
supporting vulnerable youth.
Academia: Fellow of King’s College London, maintaining strong ties with his alma
mater.
Balance: Successfully balances professional commitments with personal interests
and community service.
12. Future Vision
Growth Focus: Aims to continue expanding Newsweek’s influence and
audience.
Impact Journalism: Plans to invest strategically in impact journalism and
enhance brand loyalty.
Vision: Envisions Newsweek playing a positive, vital role in public culture and
discourse.
13. Conclusion
Summary: Recap of Dev Pragad’s transformative impact on
Newsweek.
Leadership: Emphasis on his innovative strategies and leadership
qualities.
Future: Outlook for continued success and influence in the digital
media landscape.