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Demand for interim leadership 'on the rise'
A growing number of private companies and non-profit organisations are using interim managers to fill senior roles temporarily.
This is according to the Kansas City Star, which notes that various scenarios can result in a company choosing to employ an interim executive instead of making a permanent appointment.
It could be that the firm does not immediately have the funding available to conduct a "high-level search and hire process", or because board members simply wish to take their time finding a new leader, the newspaper reports.
In such situations, interim management expertise can be an invaluable resource to ensure businesses are not left in limbo.
The publication adds: "There also are cases in which a former leader is called back to run the shop on an interim basis while an organisation realigns itself."
According to a recent article in Business Week, interim executives are sometimes used by rapidly-expanding companies that have outgrown their start-up management structure.