What problems does interim management address?
Companies and their structures are constantly changing. Expansion, changes in scope, digitalization, growth and internationalization are all factors that make it necessary to call on an interim manager.
The triple transformation of companies
Faced with current societal and environmental challenges, combining growth and responsibility means that companies must rethink their strategy, positioning and processes. They need to be innovative, finding ways to reduce their energy consumption and waste production while taking part in the ecological transition.
Moreover, as the recent example of the health crisis illustrates, it is necessary for companies to evolve their standards in terms of digital and managerial transformation.
Organizations that do not jump on the bandwagon will lose their attractiveness from a recruitment and business point of view. However, in order to build these new strategies, management often comes up against resource problems (both material and human). It is to face these challenges that companies increasingly call upon third parties. The interim manager accompanies them in these fundamental transformations by bringing a fresh perspective.
Human resources issues
The health crisis has reshuffled the recruitment deck by transforming employees' expectations in a lasting way and leading to a high turnover in many sectors of activity. According to a January 2022 study, 40% of employees would consider leaving their company within 3 to 6 months.
Interim management also responds to the recruitment problems that companies may encounter today, particularly for highly qualified profiles, allowing them to wait until they find the right person without impacting the smooth running of the company.
Restructuring and internationalization issues
As part of their expansion, many companies are considering international development. To do so, several models exist, including buyouts or mergers and acquisitions. These models imply many changes for the company, for the employees, the management or the legal and financial framework. In this context, calling on an interim manager can meet these challenges by taking charge of the operational implementation.
In addition to the international context, the trend towards greater control of the production chain has led many companies to restructure and internalize some of their activities. These restructurings can represent major challenges for companies lacking experience in certain areas of their business. The intervention of the interim manager allows them to have the missing expertise, for the duration of the project.
In conclusion, interim management is an operational solution that companies use to carry out their structural projects. Their missions can take several forms: Interim Management, Mentoring or Transformation.