Basico Interim Management

Interim management

Interim management is a term used when companies need quick assistance and an additional resource during peak periods. For example during transition periods, mergers, acquisitions, etc., when a leader is brought in temporarily. 

What is interim management? 

Today, change is the only constant, and therefore, interim management has become increasingly recognised as a concept. Interim management is an effective solution for companies facing management challenges—either due to sudden market shifts, organisational changes, or the need for specialised expertise. 

It is also seen in connection with employees’ desire for more flexible conditions, where many would like greater degrees of freedom. 

What does interim management mean?

The word interim means temporary or provisional. Interim management refers to a temporary management solution where an experienced leader, known as an interim manager, is hired to fill a managerial role within an organisation. 

Interim management can be relevant in the following scenarios: 

  • Transformation
  • Growth ambitions or performance improvements
  • Global rollout
  • Turnaround/restructuring
  • Crisis management
  • Merger/acquisition
  • Product innovation/market launch
  • Temporary specialist recruitment 

In some cases, it may prove unnecessary to fill a permanent position, or it may be challenging to recruit for it immediately. Furthermore, circumstances may arise where the internal resources available are either unsuitable or unable to handle the necessary tasks and responsibilities. 

What is an interim manager?

An interim manager functions as a temporary leader, bringing a wealth of experience and a fresh perspective to your company. These leaders are quick to adapt and can immediately start adding value. They take the helm as interim leaders, navigating through complex change processes and ensuring that your organisation thrives. Interim managers are typically highly experienced leaders with a broad range of skills and an ability to quickly adapt to new environments and cultures. 

With their strategic insight and operational competencies, they can implement best practices and drive innovation. Interim management is not just a temporary fix but a strategic manoeuvre that can lead to long-term improvements of your organisation's performance. 

Why should you choose an interim solution?

Interim leadership provides you with flexibility. Whether you need an interim lead to manage an urgent project or an interim leader during transition periods. An interim leader can thus be the solution when you need one and can subsequently step back once the task is completed, ensuring that your daily operations run smoothly. 

An interim leader may have niche skills tailored to solve specific challenges or drive specific initiatives. By investing in interim management, you get a resource that can fill critical competency gaps and ensure that your company remains competitive. 

If your company is facing leadership challenges, an interim manager could be the solution you are seeking. With the ability to quickly integrate into your team and drive change, interim leadership is the flexible and effective approach that can swiftly identify the areas in your company that need attention. 

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Morten Bille
Morten Bille, Senior Partner
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