Interim Management
The Essensys Interim Management Approach
When Essensys accepts an assignment from a client, our first steps are to conduct a thorough research program so that we can select an interim manager that will suit your business perfectly, and who has experience with the particular issues faced by your company. It is important that you feel completely comfortable with the interim manager, as he/she will work together closely with your key staff from executives to the shop floor, and will be on site for the duration of the project. Although our interim manager is your primary contact, also the Essensys Senior Advisor will ensure the liaison with Essensys throughout the duration of the assignment.
Bringing in a professional interim manager from outside your company when your business needs fundamental changes can be highly effective. One of the many advantages is that they are not employed directly by your company and their contract is temporary by nature. As such they are not seen as a threat by your other senior executives. Interim management is above office politics – which means that an interim manager is ideally placed to make certain changes in your business processes that might make executives unpopular in the organization.
Interim management at work
An example of how effective interim management can be:
When a smaller Belgian player in the telecoms sector took over 2 other companies which were each losing €1.5 m per month, they called on Essensys interim management services to unite the companies and turn the project into a successful business. It was a difficult task as three businesses meant 3 of everything: from three IT networks to three finance departments, from three HR departments to 3 sets of senior executives. Financially, this was not an efficient way to manage the companies, so a process of severe integration of these business processes was put in place. Some of the cuts that were required meant that there was a battle between the three sets of managers – a struggle that was defused mainly because the Essensys interim manager was from an external company.
Despite the challenges in every way, including employees, technology and the financial side, with the help of Essensys interim management and with the co-operation of the companies’ workforce, the business was successfully amalgamated and is now highly profitable. Once this situation was achieved, the Essensys manager left, his job well done – leaving a company that was not only successful and profitable, but that had also revolutionized its business processes so that success and growth are sustainable.
Let Essensys Help with your Business Challenges!
Contact Essensys to find out more about our interim management service – and what we can do to help you change your business.