Interim Executive Management | Consulting

The CFO leaving, what are your choices?

The CFO leaving, what are your choices?

Every organization is expected to work within the framework of certain principles of management. These are basically guidelines that are in the form of business rules and processes which managers are supposed to refer to. Over time they will gain expertise in that field and consequently, the productivity levels of the organization will escalate (or maybe not?). However, what happens when one of your top team leave and you are finding it hard to replace them? Heard of a service called Interim Executive Management?

Interim Executive Management (IEM) is fast becoming a service for organizations in todays marketplace. So what it an Interim Executive Manager? Generally, by hiring a IEM, you are actually hiring an experienced CFO, CEO or Director to do the job for a certain period of time. Market rumours are saying that the results they produced are marvelous.

An Interim Executive Manager fills in the leadership and skills gap that your previous employee left behind and in a lot of cases, didnt provide!

As they are not there permanent, they are able to make and implement tough decisions that previous leaders may have not been able to. They can plan and execute your business goals and objectives. They can take action and implement change with ease as they probably have been there before.

They can focus on the bigger picture as far as the business environment is concerned. Getting an external opinion can make a huge difference to the bottom line, revenue generation and your profits. Most have specialist skills which adds extra zest to your business environment. An Interim Executive Manager generally approaches every business situation with objectivity and fairness and tends to hold a high standard of professionalism in all positions required.

An IEM can mentor permanent employees, given them expertise in their respective fields that they may not have received before. Motivating your currently employees by through expert knowledge transfer can make a massive difference to their individual work quality and work output.

However, we must say that it is not just large corporates that benefit from this service. Small and Medium Enterprises (SMEs) tend to be left behind in this race towards success which is why an IEM can provide guidance to them as well. They make sure that the management team is aware of certain fundamentals that drive the business and will get them to think on their feet, transforming a company in know time.

In conclusion, it has to be said that if your management team lacks team spirit or if it is finding it difficult to walk on the right path, an IEM will jump in and get rid of these problems before you have time to panic. Leadership and motivation are two elements that an IEM will bring to your business. They will no leave no stone unturned. 'Profit from our experience'

by: Janet McNally

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