Why interim managers are key to transforming your business
Interim managers have rapidly become a key part of businesses’ operational models. In fact, the number of interim managers hired has more than doubled over the last ten years. So why such a stark trend? It certainly became more obvious with the 2008/2009 crisis…
An accelerating pace of change
With the financial crisis, the pace of transformation noticeably accelerated in the business world, as companies found themselves having to constantly bring out new features and products to maintain their competitive edge. This was only compounded by the rapid digitization of all facets of business operations, along with the advent of big data, bringing on profound changes in the skillsets required.
In this context of on-going transformation, it has become impossible for companies to always have all the right specialists at hand within their teams: the result has been an increasingly specialized and temporary workforce, to allow businesses to always be able to adapt to new trends and processes in their industry. This, of course, has made interim managers more relevant than ever.
Adaptable by trade
Interim managers are specifically trained to be highly adaptable. In addition to their rigorous management skills, the very essence of their vocation is change. This makes such managers vital assets in transitional settings: they have the innate capacity to thrive and drive transformation processes where others may struggle with the unknowns.
Furthermore, interim managers are chosen for their emotional intelligence. They have the ability to read widely diverse situations in all their subtleties, and adjust their approach accordingly. Accustomed to working in a range of different organizations, interim managers know how to adapt to the culture of each company they integrate, which allows them to get everyone onboard with new processes, even in the face of uncertainty.
A fresh perspective
Combined with an approach that is sensitive to and respectful of different company cultures, being new to a business represents a powerful asset. When interim managers join a company, they have no historical baggage in relation to that organization – no hang-ups, no obstinate hopes: their perspective is unobstructed. This puts them in a unique position to uncover bottlenecks and identify areas in need of change.
Key drivers of transformation
Against the current backdrop of constant transformation, being able to temporarily bring in highly specialized experts has become key. Their familiarity with change, their sensitivity to distinct company cultures and their outside perspective make them ideally suited to leading transformation.