Interim Management - examples
Bridge over of vacant positions & shortage of staff
Executives (directors, CEO's or division managers) have dropped out because of sickness
or notice of cancellation. The vacant position has to be bridged until the company has found
an adequate person to fill the job. In this connection IM's of all relevant special fields can be
appointed, for instance IT, finance, sales, marketing, logistics and other departments.
Recapitalisation & restructuring
Both tasks give the management of the company specific challenges
which have to be done very quickly most of the time. The ideal opportunity is to use Interim
Managers at this point. This is also true for turn-around-management, increase of
competitiveness, crisis- and integration-management and buying or selling of businesses.
This is also the case during the build-up of new companies, new business areas and/or markets
as well as formation of new subsidiary companies.
Bridging during a period of a company succession
The period of a company succession is confronting the business
with unexpected questions, heavy duties and new challenges. Because a
well-regulated sucession secures the existence of the company, it should be strategically
thought through and handled marketable. Very often the companys lack an adequate
and qualified next generation to take over the business. Occupational and professional
aptitude or rather motivation and attitude are often missing when it comes to the succession
of businesses. This is where interim managers can fill the executive position with their
professional skills until an adequate successor is found.
Initial public offer (IPOs)
The complexity and expenditure of time involved in an IPO demands
due diligence and pragmatism to a great extent. Specific know-how like compilation of a
business plan or due diligence check-ups and indicative evaluation of the company must be
at hand. This is where interim managers can support businesses in manifold ways in word
and deed and release managers from their burden.
Change management
Professional change management is helping global players to secure their
success by taking appropriate action. First of all change management is making an analysis of the
change that is demanded or necessary. Then secondly a strategy will be developed to define goals
and a concept will be formed to apply the strategy. But only lasting acceptance of the planned
changes and arrangements of all parties involved will bring the concept to completion. The full
and frank involvement of the whole staff at the right point with the suitable amount is essential
for the full success.
Such projects as mentioned above can be operated securely and precisely by bringing in
interim managers who will bring a big release with their specialised know-how to lead to a successful completion of the task.
