Interim Management - examples
Bridgeover 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 a 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 to use Interim
Managers at that point. This is also true for turn-around-management, increase of
competitiveness, crisis- and integration-management and buying or selling of businesses.
Also for build-up of new companys, new business areas and/or markets as well as formation
of new subsidiary companys.
Bridging during a period of a company sucession
The period of a company sucession is confronting the business
with unexpected questions, heavy dutys and new challenges. Because of the fact that a
well-regulated sucession secures the existence of the company it should be strategicely
thought through and handled marketable. Very often the companys are lacking of a 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 sucession
of businesses. This is where interim managers can fill the executive position with their
professional skills as long until a adequate sucessor is being 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
Professionell change management is helping global players to secure their
sucess 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 involvment of the whole staff at the right point with the suitable amount is essential
for the full sucess.
Staff and executives will be actively involved through systematic strategy,
integration of all parties and precocious provision of information. Such projects as mentioned above
can be operated secure and precisely by bringing in interim managers who will bring a big release with
their specialised skills, experience and know-how. This will lead to a sucessful completion of the task.
