A BRIEF OVERVIEW ON INTERIM MANAGEMENT

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We have finest Interim Executives from our nurtured knowledge community. They give their best when clients need quick solutions, transformation or out-performing results, anywhere in the world. Interim management integrates both the “know-how” and speed to measured success.

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A BRIEF OVERVIEW ON INTERIM MANAGEMENT

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Interim management is the temporary provision of management resources and skills. Interim management can be seen as the short- term assignment of a proven heavyweight interim executive manager to manage a period of transition crisis or change within an organization. What is Interim Management

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In this situation a permanent role may be unnecessary or impossible to find on short notice. Additionally there may be nobody internally who is suitable for or available to take up the position in question.

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The professionals are highly skilled and can help corporates to deal with any kind of business challenge including: • Sudden exit/loss of a senior executive • A sudden increase in workload • To guide management and staff through new methods or processes • Setting up a business • Closing down a business • Cost effectiveness • Managing acquisitions and mergers • Interim Management recruitment process is no different to traditional recruitment

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Speed Interim managers are available to start in days with minimum recruitment or termination formalities. What Are The Benefits Of Interim Managers

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Experience Interim managers are typically overqualified for the role meaning they can operate fully autonomously if necessary with little guidance.

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Results Track record and performance really count so interim managers are used to being judged by results. So they know how to deliver.

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Knowledge transfer With a wealth of experience comes skill contacts and knowledge that will be transferred to your team and remain long after they have left.

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Objectivity While sensitive to the companys ethos they will not be constrained by company politics personalities or protocols. Having no previous history with your business means they can look at the situation objectively and with clarity.

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Senior interim managers are typically highly experienced in a number of functions and as a result are often adaptable to a range of situations. What Are Interim Managers Used For

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Typically interim managers are used: 1. As a temporary senior leader to plug an urgent gap 2. To lead a change or transformation project 3. To help reinforce an existing project team 4. To bring a specialised skill set into a project

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Interim assignments vary in scope and requirements encompassing change management ‘gap’ assignments project management and turnaround management. The following stages of the ‘assignment lifecycle’ are typical of how interim managers enter into an assignment reach and carry out the actual implementation and finally exit the assignment. The assignment should include a plan for making resources available to meet the longer- term goals.

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The early stages have much in common with consultancy as do later stages with project management but the accountability and responsibility that interim managers have for successful analysis and delivery of a fitting solution is what makes these stages uniquely typical of the interim management approach.

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Phases of Interim Management Entry The prospective client and Interim make initial contact and explore the requirement sufficiently for the client to be able to decide to engage the interim manager or not to address the situation.

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This is likely to involve a ‘preliminary’ assessment of what the client thinks they want and the scope of the interim managers contribution. It is also likely to involve a due diligence and interview process to make sure the interim manager is the right fit for the business.

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Typically the entry stage takes place over one or more initial meetings and results in the interim managers provisional engagement.

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Diagnosis The interim manager researches the current situation in order to understand it how it came about what are the requirements of the varying stakeholders.

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At this stage a more detailed understanding of ‘what the situation is’ is formed as well as approaches to address it. Differing issues or problems may come to light at this stage than initially highlighted by the client.

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On a ‘gap’ assignment this diagnosis may run concurrently with the handling of immediate issues. Typically the diagnosis stage takes a few days.

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Proposal The interim manager presents a more detailed proposal that serves as an interim assignment objectives and plan. If this differs significantly from the preliminary plans determined at ‘entry’ the solution may involve different requirements from the interim manager or possibly the ending of the assignment.

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It is common that this ‘proposal’ may challenge the clients understanding of the situation on the basis of the interim managers expertise. The interim manager takes the responsibility to propose a solution most likely to be effective not automatically the one originally requested.

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In the case of a ‘gap assignment’ such a proposal may simply outline how the interim manager is a ‘safe pair of hands’.

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Implementation: The interim manager manages the intervention project or solution tracking progress and conducts periodic feedback reviews with the client. During this stage interim managers particularly exemplify their expertise accountability and effectiveness.

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Depending on the assignment they get as close to the situation as is necessary whilst remaining an independent practitioner. They may manage teams and projects deal with crises and changes or simply ‘holding the fort.

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Exit The interim manager approaching project end ensures that objectives have been met that the client is satisfied. This stage may involve ‘knowledge handover and training’ determining and sourcing ‘business as usual’ successors and ‘sharing lessons learnt’ in the process.

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The interim manager is focused on the success of the assignment and not simply the length of his/her own tenure which means that this stage can be carried our professionally and objectively. Often this is the end of the interim manager/client relationship.

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Sometimes interim managers may continue to give occasional ad hoc consultancy. Sometimes the interim manager is re-engaged on a follow-on or further assignment starting the ‘lifecycle’ again.

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There are a number of different business situations that could result in the need for an interim manager. Typically these could be situations such as crisis management sudden departure illness death change management managing change or transition sabbaticals MBOs and IPOs mergers and acquisitions and project management. The functions of an interim manager are almost endless thus the scope of an interim managers skill set is quite unique. Uses of interim Management

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How Calvella Can Help In Interim Management We have finest Interim Executives from our nurtured knowledge community. They give their best when clients need quick solutions transformation or out-performing results anywhere in the world. Interim management integrates both the “know-how” and speed to measured success. Our management vogue is incredibly simple we have a tendency to roll up our sleeves and find “stuck within the business” to confirm that no detail is left unaccounted while operating with the workforces to make a much better and sustainable business.

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Call us: +44 0 77991 33349 Mail us: toby.tarczycalvella.com Website: https://calvella.com/

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