After Anaconda installation, conda command fails with “ImportError: no module named conda.cli”

C:\WINDOWS\system32>python
Python 2.7.11 (v2.7.11:6d1b6a68f775, Dec 5 2015, 20:32:19) [MSC v.1500 32 bit (Intel)] on win32
Type “help”, “copyright”, “credits” or “license” for more information.

conda
Traceback (most recent call last):
File “”, line 1, in
NameError: name ‘conda’ is not defined