Step 1: Use the derivative.
The function is strictly increasing if its derivative is positive. The derivative of \( f(x) = x^2 + kx + 1 \) is \( f'(x) = 2x + k \).
Step 2: Solve for \( k \).
For the function to be increasing on \( (1, 2) \), \( f'(x) \) must be positive on this interval. Solving \( 2x + k>0 \) for \( k \), we get the least value \( k = -2 \).
Step 3: Conclusion.
Thus, the least value of \( k \) is -2.