If you would like to receive Perspective - our monthly newsletter – which brings you all of our latest news and views as well as interviews and opinion pieces then please follow the link below...
Interim management skill sets 'essential' in recession
The skill sets offered by interim management specialists are essential in the current challenging market conditions, a business advisory firm has suggested.
Vantis has claimed that interim executives can provide successful organisations with fresh ideas, innovative strategies and cost-cutting measures in periods of instability.
The business recovery expert explained that demand for transitional executives tended to be greater in periods of austerity as more companies implement operational changes, such as relocations, product reviews and downsizing programmes.
Susan Moor, spokeswoman for Vantis, suggested that businesses reacting quickly to cycles of growth and stability will gain advantages over their rivals.
"The right interim manager will be able to work with existing management or independently to realise a successful conclusion in the shortest possible time," she said.
Ms Moor added that interim executives are particularly necessary when board members are unable to manage change in difficult environments.
This view was also observed by FTS Consulting earlier this year, which claimed that the impact of the financial crisis had made interim management skills increasingly necessary.