When to consider an interim executive

All businesses follow a cycle of growth and decline and the management’s job is to formulate the strategy and plans required to keep the business on a successful track and so avoid any unnecessary disruption. Businesses can face a crisis equally in times of growth as well as stress. Introducing someone with specific expertise to supplement any skills gaps in the management team, even for a short period of time, can make a major impact. Whether the company has external stakeholders, investors or is a family business the acceptance that such support is necessary is a vital first step.

  • In times of growth...
    Growth
    The growth of a business can be of two types: organic or acquisitive.  Either method can put strain on management, who do not always have the requisite skills... read more
  • In times of stress...
    Stress
    Stress occurs due to rapid growth as well as diminishing returns. Tackling issues promptly is essential to avoid customer and supplier issues...read more
  • In times of distress...
    Distress
    The sooner a business can make the decision (or have that decision made for them) that help is required, the better the chance of survival...read more

 

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