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Interim ManagementKnowledge Center |
Description of Interim Management. Explanation. |
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![]() Definition Interim Management. DescriptionInterim management is the temporary provision of management resources and skills, typically in the form of a short-term, temporary assignment of an interim manager, until a permanent manager becomes available. Interim managers are attracted for a certain period of time to take charge of a department or an entire organization. They are often external persons; coming from outside the organization. Typically they are proven, experienced, heavyweight, executive managers, capable of managing a period of transition, crisis or change within the organization. In such situations, there may be nobody available internally who is suitable and willing to take up the required position on short notice. Reasons for attracting an interim manager.Why is an interim manager appointed? The reasons to attract interim managers can be quite diverse:
Variants of Interim ManagementCertain types of interim managers can be distinguished, depending on the situation:
Advantages of Interim Management. Benefits
Disadvantages of Interim Management. Drawbacks
Expertise of Interim ManagersKnow-how and experience differ widely between interim managers, so they can be deployed in almost any field including general management, finance, purchasing, sales, marketing, human resources, legal, facilities, etc. Recruitment and selection of an Interim ManagerIn most countries there are companies acting as intermediaries between clients and interim managers. Interim managers are quite often self-employed. Their own company then sends its only employee (the interim manager) to external clients on assignment.
Compare with: Succession Management | Turnaround Management | Crisis Management | Coaching | Mentoring |
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