What is interim management?
Interim management is the temporary provision of management resources and skills in order to address a short-term need or crisis within an organization.
An interim manager is a top-level executive who is experienced and has a particular set of skills necessary for solving a specific problem in a very short period.
Interim management will help you to react quickly and efficiently to changes, threats and possibilities. Have a qualified specialist take operational responsibility with full focus on the assignment. You get the leadership, analysis, the strategy, and the implementation.
Take back control, certainty and freedom.
When does an interim or part-time executive make sense?
An interim executive, also known as a part-time executive or fractional executive, can make sense for an organization when it needs high-level leadership and expertise on a temporary or limited basis, or when it does not have the resources or need for a full-time executive.
Newly appointed executives often struggle to make an impact. In fact, most recently hired CEOs fail to live up to their performance expectation in their first 18 months. So, tying down a new CEO or any executive for a long time might prove costly in the long run.
Interim executive managers are individuals with proven track records and a portfolio of similar assignments. These results-driven professionals have the ability to make significant improvements in a very short time. With short and or flexible contracts allow you enough time to look for your ideal candidate to fill the long-term position.
Some examples include:
• Strategy development or implementation
• Expanding to new territories or channels to market
• A start-up project
• Closing down of a team or line of business
• Downsizing or restructuring
• Entering a new phase of growth or exit strategy
How can an interim or part-time executive work alongside the current management team?
Interim executives can work alongside the current management team on big projects by providing additional leadership, expertise, and resources to help plan, execute, and complete the project successfully.
The INTRM.co executive or team will come into your business, very quickly understand the challenge and industry, and work with your existing team to deliver to your objectives.
What is the length of interim executive assignments?
Interim placement can be as long or as short as the project requires. While most engagements run for a minimum of three months, some engagements may move to a semi-permanent agreement as you and the business requirement requires.
