Interim Management
Interim management - the provision of highly skilled business leaders to Companies on a contract basis who positively impact profit and loss by delivering solutions from day one to critical business issues.
Interim management is the most convenient system for driving corporate turnarounds - any size of team or just a couple of individuals; qualified and promptly installed can bring a fresh perspective to issues and problems whilst remaining objective and distanced from company politics - they are only interested in providing the best solution for the Client.
Interim managers will show their value from day one. Their calibre and experience are higher than the job demands, thus guaranteeing measurable results from the start and will have previously successfully completed similar assignments therefore lowering the risk and increasing success for the client, reduce costs significantly and increase profits for most organisations by the end of their assignment.
The difference between Interim Managers, Contractors and Management Consultants:
Contractors are used to keep a situation stable - Interim Managers lead change and makes things happen. Below are three key ways in which Interim Managers differ from consultants:
- Accountability: consultants are ultimately accountable to the firm that employs them - Interim Managers are fully accountable to the organisation that they are assigned to.
- Hands On: consultants work in an advisory capacity - Interim Managers advise, take full management responsibility and take decisions
- Cost: Interim Managers are "Twice the value, half the price" of a management consultant.
Typical situations that warrant the use of an Interim Manager:
Turnaround/corporate recovery/restructuring
Start-ups and Restarts
Delivering critical programmes and projects
Replacing weak management teams with effective leadership
Disposal of a company or division
Launching new products
Executive mentoring
When the search for a permanent senior executive will take too long
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