In fact, all types of organisations can benefit from the services of Interim Managers. From SME to multinationals, public organisations as well as Private Equity Funds, they all frequently use these types of management ad hoc.
Potential situations asking for an Interim Manager are, really, countless:
- Hedging experts can be temporarily hired to help organisations to calculate and anticipate fluctuations in energy prices or other price-sensitive markets.
- In Belgium, closures and restructuration in the automotive sector (VW Uccle, Ford Genk, etc.) have forced various enterprises to rethink their business model or to make a turnaround in their activities. Insights from outside can turn out to be very important, with hands-on Independent specialists who know the perils of leading a business.
- A merger between two companies is always quite sensitive. To avoid having two different cultures crashing against each other or creating the impression one has been disadvantaged in comparison with the other, the use of an external, neutral Change Manager can bring the needed serenity and effectiveness.
- Successful SME’s facing a sudden or rapid growth, need to transform their often informal processes to formalise them. The Interim Manager can work as a coach to help the existing team members learn best practices.
- When a business (partly) needs to relocate, it can be very handy to use the services of an Interim Manager for this particular task, allowing the existing staff members to continue their activities without being interrupted by the relocation.
- Interim Operations Managers who rapidly show their talents and experience on the first project, are often asked to continue their assignment within the same company while taking over new projects. It is commonly known that Interim Managers do often have more than one string to their bow.
- Facing the fierce competition brought by globalisation, SMEs as well as larger companies with many years of know-how and experience suddenly feel the urgent need to improve their performances on many levels, such as logistics, commercial skills, IT, and finance. External ad hoc management skills can bring the needed impulse to avoid losing market shares.
- Cessation of activity, financial control, recovery or transmission of a company – these are delicate processes which can temporarily use a leading hand.
- Of course, temporarily replacing a strategic member of a company who is on maternity leave or on leave for personal reasons (disease, death, etc.) remains a frequently occurring motive for hiring independent people.
This list is not exhaustive.