Bhaskar Chakravorti

Senior Associate Dean, International Business & Finance and Executive Director, Institute for Business in the Global Context

  • MA, Economics, Delhi School of Economics
  • BA, Economics with Honors, St. Stephen's College, Delhi University
  • PhD, Economics, University of Rochester


Senior Associate Dean, International Business & Finance and Executive Director for Institute for Business in the Global Context. Bhaskar Chakravorti is the executive director of Fletcher's innovative Institute for Business in the Global Context and Council on Emerging Market Enterprises (CEME) and a professor of practice in International Business. Dean Chakravorti brings to Fletcher extensive experience in academia, strategy consulting, industry, and high-tech R&D. Prior to Fletcher, he was a Partner of McKinsey & Company and a Distinguished Scholar at MIT's Legatum Center for Development and Entrepreneurship. He also served on the faculty of the Harvard Business School and the Harvard University Center for the Environment. Over his 20+ year career as consultant and educator, he has advised more than 30 companies in the Fortune 500, policy-makers, investors, and entrepreneurs. His work has spanned multiple geographies: the Americas, EU, Asia, and Africa. At McKinsey, he was a leader of its Innovation and Global Forces practices and he served on the Firm's Knowledge Services Committee that oversees McKinsey Knowledge Centers, a 1,200 member group of researchers and analysts based in China, India, Belgium, and the US, among others. At Harvard, he taught innovation, entrepreneurship management, and new venture formation. Chakravorti's prior appointments include: partner and thought leader at Monitor Group; game theorist and member of the technical staff at Bellcore (formerly Bell Labs); assistant professor of economics at the University of Illinois at Urbana-Champaign; and officer of TAS, the executive cadre for the Tata Group. Chakravorti's book, "The Slow Pace of Fast Change: Bringing Innovations to Market in a Connected World," Harvard Business School Press -- selected as one of the Best Business Books of the year by multiple publications and an best-seller on Innovation -- has been influential in many client and policy recommendations. He has published widely in both academic and widely read publications and has been invited to speak before academic, executive, and policy audiences and to the media around the world.

Professional Activities
  • Current Executive Director, Institute for Business in the Global Context
  • Former Partner, McKinsey & Company
  • Former Distinguished Scholar, MIT's Legatum Center for Development and Entrepreneurship
  • Former Faculty member, Harvard Business School and the Harvard University Center for the Environment

Research Interests
  • Technology Advancement
  • Entrepreneurship
  • New Venture Formation
  • Strategies for Emerging Markets
  • Game Theory
  • Asymmetric Information
  • Implementation Theory
  • Auctions and Mechanism Design
• With Peter Uvin, "From Oxfam to Exxon, UNICEF to Unilever, CARE to Carrefour: What Lessons Can Development Aid Organizations Pass on to International Businesses about Succeeding in Emerging Markets?" Yale Journal of International Affairs, March 2012
• "A Note on Corporate Entrepreneurship: Challenge or Opportunity" Harvard Business School Note -810-145.
With Shirley Spence. "Blue Man Group: Creativity, Life and Business, Video" Harvard Business School Case 810-704.
With Shirley Spence. "Blue Man Group: Creativity, Life and Surviving an Economic Meltdown." Harvard Business School Case 810-108.
With N. Venkatraman. "Dr. Cameron Powell and Airstrip Technologies after the Apple Worldwide Developers Conference." Harvard Business School Case 810-143.
With Natalie Kindred. "Ergo: Open Sourcing Research on Complicated Markets." Harvard Business School Case N9-810-060.
With Shirley Spence. "Life Journey Profile: Amee Chande." Harvard Business School Case 810-110.
With Shirley Spence. "Life Journey Profile: Mark Goldweitz." Harvard Business School Case 810-112.
With Shirley Spence. "Life Journey Profile: Nicole Gardner." Harvard Business School Case 810-111.
• With David Lane. "Looking for Opportunity in Adversity: Iqbal Quadir and GrameenPhone (A)." Harvard Business School Case 810-075.
• Finding the Competitive Advantage in Adversity Harvard Business Review Forthcoming, November 2010.
• Stakeholder Marketing 2.0. Journal of Public Policy and Marketing vol 29 (1), Spring 2010, 97-102.
With Toby E. Stuart, and James Weber. "Incept LLC and Confluent Surgical (A)." Harvard Business School Case 809-062.
With Eisenmann, Thomas R., Toby E. Stuart, Vincent Marie Dessain, Simon Harrow, and Elena Corsi. "Orange: Read&Go." Harvard Business School Case 809-122.
• With Applegate, Lynda and Laura Winig, "The Turnaround of HLB." Harvard Business School Case N9-809-055.
Innovation without Borders. Innovations: Technology, Governance, Globalization 2, no. 3 (summer 2007).
With Marla Capozzi. "Innovating at Scale." The McKinsey Quarterly, no. 3 (2006).
• With Luis Corchon, and Simon Wilkie. "Credible Implementation." Games and Economic Behavior (October 2006).
• With Laura Winig and Naeem Arastu. "athenaHealth: Innovating in Response to a Crisis in Healthcare." Harvard Business School Case 810-079.
• The New Rules for Bringing Innovations to Market. Harvard Business Review 82, no. 3 (March 2004).
With John Conley, and Bart Taub. "Probabilistic Cheap Talk." Social Choice & Welfare 19 (2002).
• Far-Sightedness and the Voting Paradox. Journal of Economic Theory 84, no. 2 (February 1999).
• Dynamic Public Goods Provision with Coalitional Manipulation. Journal of Public Economics 56, no. 1 (January 1995).
With William Sharkey, Yossef Spiegel, and Simon Wilkie. "Auctioning the Airwaves: The Contest for Broadband PCS Spectrum." Journal of Economics and Management Strategy 4 (1995).
• With John Conley. "Cheap Play with No Regret." International Journal of Game Theory 3 (1995).
• Optimal Flow Control of an M/M/1 Queue with a Balanced Budget. IEEE Transactions on Automatic Control, no. 39 (1994).
• Sequential Rationality, Implementation and Pre-Play Communication. Journal of Mathematical Economics 22 (1993).
Efficiency and Mechanisms with No Regret. International Economic Review 33 (1992).
• Proportional Division in a Planning Procedure. Journal of Comparative Economics 15 (1991).
• Communication Requirements and Strategic Mechanisms for Market Organization. Journal of Mathematical Economics 20 (1991).
Strategy Space Reduction for Feasible Implementation of Walrasian Performance. Social Choice & Welfare 8 (1991).
• The Role of Adoption Networks in the Success of Innovations: A Strategic Perspective. Technology and Society (February 2004).
• With John Conley, and Bart Taub. "On Uniquely Implementing Cooperation in a Prisoner's Dilemma." Economic Theory 8 (1996).
• With Shirley Spence. “Opportunities in Business and Life After Virgin Money: Asheesh Advani”, Harvard Business School Case 810-072.

• The Slow Pace of Fast Change: Bringing Innovations to Market in a Connected World. Harvard Business School Press (2003).

• Finding Competitive Advantage in Adversity, in Succeeding As An Entrepreneur, Harvard Business Review Collection, HBS Publishing, Boston, MA, July 2011.
• Of Gods and Small Things: Closing the Gap in Corporate Entrepreneurship. In India 2010. Business Standard Books, March 2010.
• Paradox of Voting. In International Encyclopedia of the Social Sciences. 2nd ed. Edited by William A. Darity. MacMillan Publishing, 2007.
• With John Conley and Bart Taub. "Economic Applications of Probabilistic Cheap Talk." In Mathematical Economics and Game Theory: Essays in Honor of Robert Aumann. American Mathematical Society, 1999.
• With William Sharkey and Padmanabhan Srinagesh. "Issues in the Pricing of Broadband Telecommunications Services." In Quality and Reliability of Telecommunications Infrastructure. Lawrence Erlbaum, 1995.
• With Yossef Spiegel. "The Political Economy of Entry into Local Exchange Markets." In Quality and Reliability of Telecommunications Infrastructure. Lawrence Erlbaum, 1995.

• "Letting No Crisis Go to Waste: Innovation and Entrepreneurship After the Great Recession", HBS Faculty Seminar Series, Harvard Business Publishing, CD-ROM, April 2010.
Finding Entrepreneurial Opportunity in Adversity, The Invisible Hand: Management, Economics and Strategy for the Thinking Person (Audio only), October 30, 2010.

"MBAs Need a Richer Educational Framework," Financial Times, February 26, 2012
• "Q&A: Teaching Global Business," Wall Street Journal, January 27, 2012
"A Small Innovation Leads to the Next Big Thing," CNBC Special Report on Future of Innovation, October 12, 2011.
Geography is Destiny – in Case Study: Attempting a Global Merger Inc. Magazine (May 2010).
• How to Innovate in a Downturn.The Wall Street Journal, (March 18, 2009).
• Evolution of a Mighty Nation. Economic Times, August 11, 2006.
• From Imitation to Innovation. Business Today, January 2005.
• A Beautiful Bind. Economic Times, 2004.
• Bringing Europe's Airwave Auctions Down to Earth. Wall Street Journal Europe, August 25, 1999.
• Demi-Monde of IT Progress. The Financial Times, May 28, 1998.
• Why Microsoft Should Be Left Alone. The New York Times, May 24, 1998.

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