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Why use an Interim Manager?
Interim management can help organisations within the Sports, Gaming and Media industries meet all kinds of challenges, from change management and transformation projects, to meeting specific short-term skills gaps.
Typically, an interim director or manager is employed for a number of different reasons:
- An interim manager can be used at a time of crisis to turn round a failing service or business.
- They may offer expertise to a challenged management team. This could mean bringing sound financial management or wise counsel to an organisation that has lost its way as well as the ability to tackle issues such as grievances, poorly managed commercial relationships, broken procurement contracts or problems with internal relationships.
- Interim managers may be brought in at a time of change for an organisation. Start-ups, new business development, mergers/acquisitions or restructuring within a company are all productive areas for a skilled interim manager.
- Equally an interim manager or director can give a company or organisation some breathing space during the recruitment of a permanent executive or a period of temporary absence of an existing executive.
Many clients who are seeking to improve or innovate take advantage of the specialist cross-sector skills interim managers offer to develop new products and services. For example, for a rights holder or a governing body thinking of developing a new revenue stream, bringing in a retail expert may be the right solution. Thinking of outsourcing your HR service? Then hiring someone who has done it before makes sense, but it’s unlikely you’ll need them forever. Indeed in my opinion the most effective use of interim management is when it is deployed in a focused and controlled way with outcomes and timescales clearly defined and managed.
In my view, one of the key benefits of an interim executive is the experienced, independent view he or she brings. With no history or axe to grind, a talented interim executive can boost the morale of the team and provide tangible short-term solutions or longer term strategies.
Interim executives are cost effective because they are a variable cost, not a fixed overhead. In addition they offer flexibility in terms of their availability, working hours, work location and role. The short-term nature of their contract also offers room for manoeuvre when necessary. Professional interim executives are also result orientated and used to working towards a specific goal and delivering to a deadline.
Bambos Eracleous leads Odgers Interim's combined Sports, Gaming and Media practice.
Categories: Sports Business