Which can help you when you need it.
Interim Management is the temporary provision of management resources and skills. Interim management can be seen as the short-term assignment of a proven heavyweight interim executive manager to manage a period of transition, crisis or change within an organization. In this situation, a permanent role may be unnecessary or impossible to find on short notice. Additionally, there may be nobody internally who is suitable for, or available to take up, the position in question.
There are several factors that make the Interim Management offering increasingly popular and cost-effective to client organisations. These factors are characterised as a ‘Value Proposition’ that Interim Managers offer to their clients. Although there is some variation at the margins of Interim Management (with Temporary Workers, Freelancers, Contractors and Consultants) the following factors are typical of the Interim Management Value Proposition :
- Return On Investment.
- Speed.
- Expertise.
- Objectivity.
- Accountability.
- Effectiveness.
- Commitment.
Interim assignments vary in scope and requirements, encompassing change management, ‘gap’ assignments, project management and turnaround management. The following stages of the ‘assignment lifecycle’ are typical of how Interim Managers enter into an assignment, reach and carry out the actual implementation, and finally exit the assignment.
The early stages have much in common with Consultancy, as do later stages with project manajement, but the accountability and responsibility that Interim Managers have for successful analysis and delivery of a fitting solution, is what makes these stages uniquely typical of the Interim Management approach.
- Entry.
- Diagnosis.
- Proposal.
- Implementation.
- Exit.
There are a number of different business situations that could result in the need for an Interim Manager. Typically these could be situations such as crisis management, sudden departure, illness, death, change management, managing change or transition, sabbaticals, MBOs and IPOs, mergers and acquisitions, and project management.
The interim management concept has now taken root in the UK, Germany, and Belgium, and is spreading elsewhere, most notably in Australia, the US, France, and Ireland.
