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Practice Insights from Hermann Simon, Founder and Honorary Chairman, Simon-Kucher & Partners Strategy and Marketing Consultants

In: The Future-Ready Leader

Author

Listed:
  • Peter Lorange

    (IMD)

  • Karin Mugnaini

    (IMD)

Abstract

What is currently robbing entrepreneurs and managers of sleep? First and foremost, it is inflation. Inflation does not only affect price management; all functions are affected. Central, of course, is pricing power. Companies without sufficient pricing power run into trouble because they cannot pass through the cost increases. Purchasing also has a difficult task. Not only does it have to ensure favorable purchase prices, but in view of the supply bottlenecks, it also has to make sure that the required goods are available at all and on time. In other words, purchasing assumes a kind of overall responsibility under the prevailing conditions.

Suggested Citation

  • Peter Lorange & Karin Mugnaini, 2023. "Practice Insights from Hermann Simon, Founder and Honorary Chairman, Simon-Kucher & Partners Strategy and Marketing Consultants," Springer Books, in: The Future-Ready Leader, chapter 11, pages 99-100, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-45090-7_11
    DOI: 10.1007/978-3-031-45090-7_11
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