Interim management is a common solution in the business world today.
Although most companies have heard of an interim manager, many still don’t understand when to call one. They don’t know what kind of situations demand outside help, and when’s the best time to send an SOS.
Through SMW, interim managers are ready to step in immediately because they can be asked to come in at any time. Businesses can sustain damage to its’ sales and organizational structure suddenly. If there are symptoms of an underlying issue in your organization, it’s always better to call one of SMW’s partners for advice.
Common situations where an interim manager is called are to lead through change, and to fill gaps in talent and leadership.
An Interim Manager Fills the Talent gap
Technology is advancing at such a rapid rate, that businesses are struggling to keep up with the competition. There is a rising need to hire people with specialized skills to introduce new technologies and manage the transition.
Businesses which cannot hire a full-time executive quickly rely on interim managers to fill talent gaps in their organization, until they can find a more permanent solution.
Going through change
Companies that are going through change are entering unchartered territory. That’s where they need the advice and help of somebody who’s been through it all before. Hiring an interim manager with SMW ensures an executive will come in and hit the ground running.
Whether they’re going through an acquisition or merger or implementing a new strategy, interim managers have been there and made all the mistakes you’re about to make. They can help guide a business through a transition or change by offering direction and insight from their past experiences.
A sudden gap in leadership
Oftentimes companies are stuck with a gap in leadership when one of their executives has to leave suddenly. It can take months to recruit a new executive to take their place. During this time a seat on the executive table remains empty. That is very risky in today’s fast-paced environment, and as a result the business suffers.
Interim managers are, however, able to stop any lag in operations. They step in at a moment’s notice and hit the ground running. This will keep operations running smoothly until the company is able to find permanent fit. An interim manager will ensure the business doesn’t have any setbacks from the loss of an executive.
Hiring an interim manager with SMW ensures that business do not have any setback from the loss of an executive because interim managers are ready to step in immediately.