 |
|
Interim Management
- Introduction to Interim Management
- What is Interim Management
- The evolution of Interim Management
- The role of the Interim Manager
- What makes a good Interim?
- MORI Poll
- Interims for Management roles UK & Worldwide - Interims V Consultants
- Crisis management
- Sudden departure
- Managing Change or Transition
- MBO's and IPO's
- Mergers and Acquisitions
- Project Management
- Family-owned Businesses
- The Corporate Environment
- The Venture Capital Industry
- Finding the right Interim Manager
- The Selection Process
- Questions to ask
- Interim Management as part of an HR Strategy
- Research
- Information for Interims
- Order your CBI Guides
|
Interim management links:
|
|---|
Why choose BIE?
What's New?Interims V Consultants
Features and benefits of Executive Interim Management V Management Consultancy
The following table compares the attributes of executive interim management and management consultancy. The services offered by interim executives differ greatly from those offered by management consultants, both in terms of style and content. If the client is looking only for analysis and ideas, then consultants will provide this.
| Executive interim management | Management consultancy | |
|---|---|---|
| Key skills | Implementation of an agreed strategy planning, budgeting and delivery leading the management team. | Analysis of the sector and the company's competitive position; alternative strategies for improvement. |
| Methodology | The approach an interim takes will be based on practical experience of tried and tested solutions; may bring cross-sector experience. | Consulting firms will pursue standard in-house methodologies and will be keen to propose new ‘thought leadership’ ideas. |
| Response speed | As analysis and implementation are handled by one person, speeding the change process. | A multi-stage sequential process with split responsibility will slow the change process. |
| Cost | A highly experienced senior interim executive will normally charge day rates ranging from £600 to £2,000. | Day rates for senior consultants exceed £2,000 and for partners exceed £3,000. £1,000 buys a graduate. |
| Talent pool | The specialist provider will hand-pick the best interim from the UK pool of 700 approx. | The consultancy will select from those employees who are off-the-clock. |
| Resource | The interim executive undertakes the assignment in person. | Senior consultant runs a team of more junior consultants. |
| Responsibility | The interim is given full executive or project responsibility. | The consultant advises on alternative courses of action, implementation is the clients responsibility. |
| Reporting | Part of client team reporting to the board no conflict of interest. | Managed by their consulting firms. |
| Skills transfer | The interim will act as coach/mentor and will offer objective advice if asked. | Staff seconded to work alongside consultants will gain consulting skills. |
| Incentive | Motivated by change; when the changes are completed they look to move on. | Variety, intellectual challenge and promotion (based on fee generation). |
| Profile | Professional line manager. | Professional consultants, MBA training, varied sector exposure. |
Next: Interims vs Consultants - what's the difference? >
To discuss your interim management requirements with BIE call +44(0)20 7222 1010