Interim Management grows 10-15% per annum, driven by some distinct underlying factors
- Increased focus on improvement and implementation as opposed to strategy and advice, in many organizations.
- Owners and boards are less patient with performance deviations.
- The benefit in relation to the price of classical Management Consulting is questioned, as is the ability to deliver tangible results.
- Increased need for flexible management solutions – organizations need to act faster to adapt to changing circumstances. In many situations a permanent recruitment takes too long.
- An increasing group of highly qualified people who have chosen interim management as a profession.
Situations like these have traditionally been resolved by the most convenient solution: engaging someone well known – rather than a professional with skills corresponding to the true requirements. Interim Management provides companies and organizations with a whole new paradigm – quality assured Interim Managers with the right skills and experience for the specific assignment are available on short notice. Nordic Interim provides a professional Headhunting service with a “right now” on demand job start.
The need for interim management is often identified by the owners, the board or the CEO, recognizing that the organization needs to quickly handle a situation of extraordinary character, when the existing management resources are not sufficient or appropriate. This can apply to quickly filling a critical vacant role, an urgent need to bring in expertise to improve a function or business unit or when a company is facing a very serious crisis.
Situations like these have commonly been handled through the intuitive solution: engage someone you know. An increasing number of organizations see the benefit of working with a partner with an extensive network and structured and efficient processes, to identify and commission the right kind of leader and competence.
The right capacity at the right time and place
Interim management is different from both executive search and consulting. Interim managers fill senior positions for a limited time with the objective to get the assignment accomplished. They work in roles as interim CXO, or as qualified project managers and specialists. Alone or in teams.
- Executive Chairman
- CEO/Managing Director/President
- CFO/Finance Director
- Sales/Business Development Manager
- Communication Manager
- Marketing Manager
- Logistics and Procurement Manager
- Production and Site Manager
- Specialist roles
The best of two worlds
An interim manager often has a more senior profile and expert knowledge that goes beyond what is normally possible to achieve in a traditional recruitment. Apart from a management consultant, the focus is on anchoring, implementation and results, rather than analysis and recommendations. Our clients appreciate the objectivity that an interim manager represents and uses his knowledge and experience for advice and “second opinion” on key issues. Many who used interim managers are amazed at the competence they have access to and see it as the best of both worlds.
Today’s interim managers possess great personal maturity in addition to a successful career and proven ability to quickly understand a new situation. They are culturally aware and have the ability to quickly build effective working relationships. They have a personal integrity, are internally unbound and have no own agenda.
Typically, an interim manager is an over-recruitment in relation to the long-term needs and therefore can quickly achieve the necessary results.
Basic requirements to be a successful senior interim manager are:
- Extensive experience as CEO, part of a management team or as senior specialist role
- At least 15 years of successful career, preferably in 4-5 companies with different situations of requiring change
- Proven ability to quickly gain confidence and create working relationships
- Energetic with operational orientation
- Humble and confident in himself
- Available for a full-time assignment, for short or longer term