The Internal Consulting group (ICG), in partnership with CISI, has published the third 2022 edition of
The Insights Review. ICG is a global network of consultants, with the goal of aiding professionals in their career effectiveness and development.
The Insights Review is a collection of abstract reviews of relevant ‘open published’ perspectives and research reports. The abstracts allow you to scan quickly for the most relevant content, and include links to the full articles.
Article of the MonthArticle of the Month for April is 'Reimagining HR: insights from people leaders' – McKinsey
From the abstract
Unusually thoughtful insight with a much broader approach than the more typical re-pricing and procurement reviews. While it is full of scary hockey-stick inflation charts, it is also full of pearls of wisdom around how internal consultants and their client CEOs should respond with a comprehensive playbook-style approach including recruitment, product redesign, and glass pipe supply chains. McKinsey includes anonymised sample ideas from clients who have already put some excellent sounding ideas into action. Not to be missed as you design your own inflationary playbook.
Other ideas your author would include:
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Responding to competitors. Both their pricing signals plus the many discontinuities that will implode or weaken competitors.
- Trade price increases in exchange for enmeshing clients to longer term contracts and platform-based models which grow co-specific assets.
- Tighten up your credit watch on companies that may be weakened by the crunch.
We hope you enjoy reading it and please do get in touch with any comments and suggestions.
Read the third edition of 2022