According to important voices in the economics sphere, inflation is back and here to stay. For companies, this “new normal” means that the world in which they do business has fundamentally changed. Their main priority now is to discover and apply new strategies that can ensure their survival.

Hermann Simon is a renowned speaker, founder and honorary chairman of the world’s number-one pricing consultancy, Simon-Kucher & Partners.

His impressive background and expertise in strategy and marketing recommend him as one of the world's most influential management thinkers and an invaluable source of knowledge on topics such as globalization, profit orientation, corporate strategy, world market leadership and pricing.

Hermann is also an acclaimed author with multiple bestsellers like Confessions of the Pricing Man and Hidden Champions of the Twenty-First Century, published and translated into over 25 languages.

Hermann joins me again in this new episode of The Melting Pot and shares some insights into his new book, Beating Inflation. This guide comes as a solution to the current economic inflation, exacerbated by the worldwide pandemic and the war between Ukraine and Russia. We debate on increased costs and pricing, how often should companies increase their prices so they don’t put too much strain on their clients and how to prepare their sales teams to combat inflation.

Download and listen! This is a conversation you don’t want to miss!

In today’s episode:

Hermann’s new book, Beating Inflation: An Agile, Concrete and Effective Corporate Guide

What is inflation and how to deal with it

How often should companies raise prices

Increasing prices as a consultancy business

Reducing cost by offshoring

How should leaders prepare their sales teams to tackle inflation

Managing the leaky bucket

Links:

Website - Hermann Simon

Linkedin- Hermann Simon

Twitter-@HermannSimon

Facebook- Hermann Simon

Youtube-Hermann Simon

Hermann Simon- Book catalogue

Links to a list of articles and interviews with Hermann

Hermann’s latest book-Beating Inflation- An Agile, Concrete and Effective Corporate Guide

Book recommendations:

Hermann Simon- Hidden Champions in the Chinese Century: Ascent and Transformation

Hermann Simon- True Profit!: No Company Ever Went Broke Turning a Profit

Hermann Simon- Beating Inflation- An Agile, Concrete and Effective Corporate Guide

Walt Bogdanich- When McKinsey Comes to Town: The Hidden Influence of the World's Most Powerful Consulting Firm

Hermann Simon- Many Worlds, One Life: A Remarkable Journey from Farmhouse to the Global Stage

Philip Baechtold- My Great Right