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Interim management: a complete definition

admin October 16, 2023

Interim management is an increasingly common professional practice in the business world. It consists in hiring an experienced manager, often independent, to carry out a specific and temporary mission in a company in times of change.

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WHY OPT FOR INTERIM MANAGEMENT?

Interim management is a practical solution for companies facing complex situations such as restructurings, mergers or acquisitions . These transition periods can cause internal management, productivity or customer relations problems, which can affect the profitability of the company. The use of an experienced and competent transition manager can provide a quick and effective solution to these problems.

THE BENEFITS OF INTERIM MANAGEMENT

Transition management offers several advantages to a company in times of change. First, it brings additional expertise and experience to the business, which can help solve problems quickly. Additionally, the interim manager is often unbiased and has no emotional attachment to the company, which can help make tough decisions objectively. Finally, interim management is a flexible and adaptable solution , which can be adapted to the specific needs of each company.

Interim management: a complete definition

HOW TO CHOOSE THE RIGHT INTERIM MANAGER?

To choose the right interim manager, it is important to take into account several criteria. First of all, the manager must have solid experience in managing similar transition situations. He must also be able to work with different types of corporate cultures and personalities. Finally, the interim manager must be able to work quickly and efficiently , with a clear vision of the company’s priorities

WHAT IS THE MISSION OF AN INTERIM MANAGER?

The mission of an interim manager is to put his operational and managerial skills at the service of structures facing major challenges in terms of management.

Experienced and result-oriented , the interim manager generally intervenes on site, for an average period of eight months.

He carries out a large-scale project , the terms of which are strictly defined upstream of the contract.

Depending on the context in which the company operates and its specific needs, the objectives defined vary greatly. The spectrum of situations likely to be covered by interim management is wide.

This may be, for example, change management . The transition manager will then have the role of supporting the company in its transition: external growth, merger-acquisition or any other similar reorganization.

The interim manager may also have the role of leading a strategic project, where his high-level technical skills will find their place.

Interim management: a complete definition

Anyway, the course of the mission is always the same:

  • Analysis of the situation and definition of objectives. Implementation, in collaboration with our firm, of indicators for a results-oriented mission
  • Connection by the firm with a suitable interim manager
  • Start of the mission taking into account, if necessary, the urgency
  • During the mission, regular monitoring of the indicators initially put in place
  • Assessment, handover between our interim manager and your teams

Transition management is an effective solution for companies facing situations of change. By choosing the right transition manager, companies can benefit from additional expertise, objectivity and flexibility that can help them overcome the challenges of the transition period. In short, interim management is a powerful tool for companies seeking to grow and succeed in an ever-changing world.

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