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Interim Management is the rapid delivery of experienced 'hands on' executives for a defined period of time enabling organizations to implement change, fill unexpected gaps in a company, restructure the organization, turn around underperforming projects or divisions or deliver a critical project.
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What is Interim Management?InterimManagement.com
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Objective
To rapidly achieve business results
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Interim Management is the rapid delivery of experienced 'hands on' executives for a defined period of time enabling organizations to:
implement change fill unexpected gaps in a company restructure the organization turn around underperforming projects or divisions deliver a critical project or a programme start a new venture or expand into new market boost effectiveness of the management team
What is Interim Management?
What is Interim Management?
InterimManagement.com
History of Interim Management
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Started in The Netherlands
Expanded throughout Europe. Most notably France and Ireland. Worth over $1.5B a year.
Continuous expansion and increase
1980 1990 2000 2010 2020
Expanded into UK, Germany and Belgium
Adopted in US and Australia. Started expanding into Asia. Now worth over $5B a year.
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Return on Investment Comparable costs to
permanent execs More cost-effective
than management consultants
Compensation linked to results
Expertise Often sensibly over-
qualified for the roles
Experience from various assignments. Likely handled issues similar to client problems
Speed Can start in days Experience and
expertise = effective quickly
Focused on achieving results quickly because of their reputation
Accountability Accountable for
implementing a solution. Not just advising.
“Interim Managers only as good as their last assignment.”
Interim Management Value Proposition
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Step 1 Step 2 Step 3 Step 4 Step 5
Interim Management Assignment Lifecycle
Entry: Preliminary assessment and definition of scope and objectives
Proposal: Detailed Interim Management assignment objectives and plan.
Exit: Interim Manager ensures that objectives have been met. Knowledge handover
Diagnosis: Research and identification of issues. On ‘gap’ assignments this runs in parallel with handling of immediate issues.
Implementation: The Interim Manager takes responsibility for managing the intervention, project or solution.
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Track record of quantifiable achievements
Characteristics of a good Interim Manager
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Expertise in a particular field
Major change/project/turnaround experience
Gravitas, credibility and leadership capabilities
Adaptability & ability to hit the ground running
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Interim Manager Management Consultant
An interim manager is hired as an independent person on the basis of his or her personal abilities and reputation.
A consultant generally works through an agency and is hired on the basis of the agency’s merits more so than his or her own reputation.
An interim manager will always try to cut costs and improve company effectiveness to achieve organizational goals as quickly as possible. This will assist in building his or her reputation.
A consultant may try to push additional services or “stretch out” the service to increase his or her own revenue or that of the agency.
An interim manager does not only advise on the situation, he or she also implements measures to solve the problem.
A consultant does advise on a situation, but will not implement his or her own advice.
An interim manager reports directly to you, the employer, and not through a third party agency, so you are well informed and there is no conflict of interest.
A consultant reports back to his or her agency, who then reports to you, costing valuable time and other resources.
An interim manager works with your own team, provided by your company as you see fit.
A consultant works with the people he or she chooses and brings them into your company instead of adapting to work with the people you already have.
Interim Managers are usually specialists in their particular fields. Their experience is vast and relates to the particular field that you hire them for.
Consultants generally do not specialize in one area, but are a “jack of all trades” in business.
Differences between Interim Managers and Management Consultants
Broader responsibilities within the organization.
People management responsibilities.
Focus on longer term business objectives.
Focused on implementing a solution.
Hired temporarily and hence not considered a threat.
Expertise in a particular field or industry.
No people management responsibilities (except ‘gap’ assignments)
PermanentExecutives
Interim Managers
No conflict. Interim Managers and Permanent Executives in client organizations are complementary
Permanent Executives and Interim Managers
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Interim Management
Executive Search Agencies
Management Consulting
Starts within 1-3 weeks Several months 1-4 weeks
Mission Implement change Find the best candidate
Analyse problem
Outcome Solution in place Permanent hire on board
Recommended solution
Different options to hire management skills
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Identify objectives and desired attributes, skills and attitude for the assignment.
Submit your requirements to InterimManagement.com by filling in a form or by email on [email protected]
Search of InterimManagement.com network and database is conducted. Listing of suitable candidates is drawn up within 72 hours and provided to you.
Client approves a shortlist of candidates for interview. Client interviews are held and reference checks completed. Interim Manager appointment decision is made and start date agreed. Step 4
Step 3
Step 2
Step 1
How to engage an Interim Manager
Over 30,000 pre-vetted Interim Managers in our global database.
We only engage top performing senior executives with proven track records.
100% focused on Interim Management.
We operate globally and across all major industry sectors.
The use of Interim Management generally demands a rapid response.
Our business processes and global around-the-clock operation enable us to provide tailor-made solutions within days, often less.
Leading global provider of Interim Managers
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InterimManagement.com – Who are we?
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To rapidly achieve business results contact
www.InterimManagement.com
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