Business Monthly: Bridge the Gap with a Temporary Post ; If You've Got a Problem and Nobody Else Can Help, Perhaps You Should Hire an Interim Manager

By Gosling, Paul | The Independent (London, England), November 2, 2002 | Go to article overview
Save to active project

Business Monthly: Bridge the Gap with a Temporary Post ; If You've Got a Problem and Nobody Else Can Help, Perhaps You Should Hire an Interim Manager


Gosling, Paul, The Independent (London, England)


Faced with a crisis? Or an opportunity too good to be missed, but without the management experience to take advantage? Don't panic, you can call an interim executive. The term "interim executive", also called "interim manager", was hardly - if ever - heard in the UK before the recession of the early Nineties. Then many larger SMEs made too many people redundant, and too quickly, and had to call for experienced executives to help them out on a short- or medium-term basis to see them through a period of profound challenge and change.

Subsequently, the interim executive sector hit boom times in Britain with the internet explosion of the late Nineties. Lots of young dot.com entrepreneurs had what seemed to be brilliant ideas (even if many of them eventually bombed) and got wads of cash from venture capitalists, but simply did not have sufficient executive experience to implement them. Again, in many instances it was interim executives who moved in to help them out.

Obviously, an interim executive is not a long-term fix. They meet a short- term need, which may be a fast-moving acquisition or merger. It may be to cover an unexpected departure of a key person. A company may need additional experience to cope with an unplanned expansion, or relocation. It could also be a start-up or a closure. Interim managers may be brought in for a specific function, which may be to negotiate a franchise deal or to oversee a major change programme or capital scheme.

"Some of the key uses are where organisations are going through major change or transition and need ready expertise to help with restructuring," explains Julia Candlish, director of BIE Interim Executive Management. She explains that interim executives will adopt a strategic approach in a senior management role, operating with executive authority.

James Wheeler is a partner at Ashton Penney, another agency providing interim managers. He says that clients tend to be SMEs or mid-capitalised companies, businesses with annual turnover of pounds 10m-pounds 100m. Very small businesses may not recognise the need for interim executives, or else do not have the cash to pay for them. Larger corporations tend to have the internal capacity and flexibility to find the urgent short-term executive in-house. "Smaller companies up against it almost certainly won't have the depth of expertise to manage the situation," he adds.

Wheeler argues that normally the interim executive needs specific trade skills - generalist managers make bad interim managers, he suggests. Candlish disagrees. "It's not necessarily important to have experience of that sector," she says. "In many roles like finance, they can act across sectors. What is important is to have experience of that change process.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

Business Monthly: Bridge the Gap with a Temporary Post ; If You've Got a Problem and Nobody Else Can Help, Perhaps You Should Hire an Interim Manager
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?