A short introduction to interim/turnaround management
Interim/Turnaround Management is the temporary assumption of executive roles in order to:
• Turn around a company in case of an operational, social or market related crisis;
• Launch strategic projects;
• Ensure the continuity of a service provision.
The goal of interim/turnaround management is to allow the client company to:
• Turn around one of its subsidiary or the entire company;
• Structure a central service;
• Handle a strategic project (merger, acquisition, transfer, product launch);
• Maintain a service during a period of change;
• Succeed a market exit (closing or reconversion);
• Ensure an important resource during a phase of a change process.
An interim/turnaround manager is a highly experienced executive, often having not only functional but also operational experience. He/she is:
• An autonomous leader, firm, good organizer, bringing in new ideas and methods;
• Able to evaluate the situation and decide;
• Action oriented;
• Free of thoughts, with no history and no personal ambitions in the company, except for the mission success;
• Able to bring in additional functional and sectorial competences;
• Able to lead and induce change;
• Able to integrate the company immediately and become operational rapidly.