When a company faces restructuring, there may be a need for an interim manager who has the competence to carry out the process, whether it is a strategic change, or an upscaling or downscaling of the company's operations. In many instances identifying challenges and implementing measures on the way to a new strategy is a special competence the company only needs for a limited period.
When a project has to be completed within a certain timeframe, extra resources are often required for a period of time. There is usually no need for a permanent hire. Instead, you need a temporary project manager who can assist your company with their experience and expertise related to the individual project. In such a scenario interim management is the perfect solution.
Are you planning to sell your business? Preparing the business for sale, a merger, or other transactions, requires an expertise other than the day-to-day operational skillset. Having the required management skills in this process will make a difference both financially as well as for the employees. In such a process there may be a need for an interim manager who has the competence in preparing the company for the buyout and has experience with the process.
Leaders also get sick. Long-term absence due to illness or a sabbatical may require the manager to step down from the managerial responsibility for such a duration. An interim manager will be able to step in and take over responsibility until the person returns to work. With such a scheme, the company's daily operations can continue smoothly.
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