Interim management

Definition and function:

Interim management
is a time-limited style of business management.
Acting as an open and neutral platform, the interim manager ensures that there is clear and summarized information.

The interim manager takes responsibility for his work in a line position, as opposed to a consultant, who has a staff position. He will only conclude his efforts once the problem has been solved and a stable new business or management area has been established.

A company often deploys interim managers to reorganize a part of the company. Therefore, they are often seen as a "friend in need" by companies that have to take on an often unwelcome restructuring, liquidation or closing of a company. The same applies to specialities, for which a company may not have the capacities in the long run. These include new divisions, new strategies, new subsidiaries, support with the replacement procedure in phases of the business development where appropriate experience is needed for more than just a few days of consultation, or if the existing management cannot or does not want to solve the jobs alone, then interim management is the best possible solution.

Even if most companies are actually doing well, prevention is still the best way to avoid or exclude possible problems in advance.