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Interim Management
The interim assignment life cycle is a five-stage process beginning with the Entry stage, followed successively by Diagnosis, Proposal, Implementation, and Exit stages.
The following factors are typical of the interim management value proposition:
- Return on Investment — Interim managers add value by using their skills and expertise to deliver an outcome, solution, or service that provides a meaningful return on investment to a client. Interim managers are engaged on the understanding of goals being delivered — not simply on attendance.
- Speed — Interim managers can be in place within days as opposed to weeks or months, which is essential when time constraints are paramount. Practiced in engaging promptly with the situation, they become effective quickly upon joining a client organisation.
- Expertise — Interim managers typically operate at a senior level, often being sensibly over-qualified for the roles they take on. They often bring skills and knowledge not otherwise in place, to address a specific skills gap or problem. Their experience enables them to be productive and make a noticeable impact from the outset.
- Objectivity — Unencumbered by company politics or culture, interim managers provide a fresh perspective and are able to concentrate on what's best for the business. Being independent operators, they contribute honestly without constituting a threat to the incumbent management team.
- Cost Effectiveness — While day rates may appear high, interim managers are typically deployed for a defined period with a specific objective. There are no recruitment costs, no employer obligations, and no long-term salary commitment. The total cost of a successful interim engagement is often significantly lower than a permanent hire.