Interim Management and The
Interim management is the provision of a mature, professional executive well qualified by relevant practical experience, contracted on a short-term basis to carry out a specific management task within a company.
That’s a rather “dry” description for what may be a transformational initiative for your business!
Increasingly, interim managers are recognised as a practical alternative to management consultants. An interim manager may be the ideal solution to a temporary skills shortage for your company if it is: Struggling to cope with the sudden loss of a senior executive. The Cambridge 100 Club membership is an outstanding potential resource for you of over 30 locally-based senior managers who have outstandingly successful records of helping companies like yours in every one of these situations.
So, who uses it and why? The market for interim management has been growing by 20% pa, reaching £420M in 2005 and is expected to continue growing strongly. All industry sectors are involved, as are all sizes of company. Interim managers can provide major, as well as incremental, benefits to the economy, by enabling greater competitiveness and efficiency in industry and commerce and government organisations. This is becoming increasingly crucial for success and, in some cases, survival. A typical successful Interim Manager is experienced, over-qualified, hands-on, confident, mature, professional, sensitive, and self-starting. He or she will also be able to make a quick situation assessment with your help and be immediately productive.
Another definition of the use of Interim Management is: “An immediate, short, sharp, fast injection of experienced management skills successfully to implement change and manage transition at senior levels”. That sums it up very well!
The Cambridge 100 Club managers’ experience has been with everything from one-room limited companies to billion-dollar public businesses. They have come together in the Cambridge 100 Club with the specific purpose of providing their talents to help build local businesses…….and one (or more) of them could be helping you next week!
End-users in a recent study expressed a high level of satisfaction with the use of interim managers, and 92% of companies would use them again.
Particularly appreciated were the specialist knowledge and experience they brought to the business, the ability to raise skill levels, availability and speedy results.
The key benefits of using Interim Managers came from their being considered:
