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Interim management

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The year was 2006 and Ford Motor Company was in a serious financial crisis. In this challenging situation, Alan Mulally was appointed interim CEO. With his experience at Boeing, he implemented strategic changes that helped Ford return to profitability and restore its market position .

Starbucks in the crisis year 2008 engaged Howard Schultz as interim CEO to help weather a period of declining shares and brand dilution. Under his leadership, inefficient operations were closed and a focus on customer experience led to a revitalized brand and stock growth.

And for all the examples, probably the most famous example. In 1997 the company Apple threatened bankruptcy. Steve Jobs returned as interim CEO and introduced revolutionary products such as the iMac, iPod, iPhone and iPad, transforming Apple into one of the most valuable companies in the world.

Unfortunately, we are unable to provide you with the above gentlemen. But we have many experts from Slovakia who can bring quick and effective solutions.

Are you hesitating whether interim management is suitable for your company?

Interim management is a specialised service where experienced managers are temporarily placed in organisations to solve specific challenges, lead projects or bridge leadership gaps. These interim managers, often experienced executives, bring their expertise to provide immediate solutions and drive strategic initiatives during periods of transition or crisis. They are seasoned professionals who bring their know-how, a fresh perspective to the situation and do not need lengthy adaptation.

When is interim management most often used?

Change Management: Interim managers lead major transformation projects, helping organizations adapt to new technologies, processes or market conditions.

Crisis management: Often called upon to stabilize organizations during financial distress, leadership vacuums, or operational disruptions.

Bridging leadership gaps: When a key executive leaves suddenly, interim managers fill that role until a permanent replacement is found to help adapt.

Special Projects: Manage specific projects such as mergers and acquisitions, product launches or international expansion.

How does interim management work?

Situation Analysis: Interim managers start by understanding the challenges, goals, and culture of the organization.

Strategy design: they will develop a specific strategy to address specific problems.

Implementation: using their expertise, interim managers implement strategy, manage teams and ensure objectives are achieved.

Transition/Exit: Once goals are achieved, they will allow for a smooth transition to a new manager.


Benefits of interim management for the company:

Speed and flexibility: interim managers can be deployed quickly, providing immediate expert assistance without a lengthy recruitment process. You will receive a candidate from us within 48 hours.

Experience: they bring a wealth of experience from different industries and situations, offering new perspectives and innovative solutions.

Objectivity: as external partners, they can make impartial decisions that are in the best interests of the organisation. They are not bound by relationships or history and custom.

Cost-effectiveness: organisations only pay for the period of engagement, avoiding long-term payroll liabilities.

Results Focus: Interim managers are focused on achieving specific results within a set timeframe, ensuring high accountability and performance.

Still hesitating whether interim management is the ideal solution for your situation? Let’s arrange a meeting in person or online and we’ll be happy to tell you more about this topic.

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