interim management

(U.K.) Gen Mgt

the temporary employment of an experienced manager by an organization seeking to fill a temporary vacancy or coordinate a particular project. Interim managers are generally used to bring in skills not already present in an organization. Sometimes they are employed when an organization is facing business failure, but increasingly they are used as a strategic resource as and when required. Interim managers work on a freelance or portfolio working basis. Interim managers differ from both temporary staff and consultants. In general, they are considerably senior to most other temporary workers, and fulfill assignments—often long term—that drive the future of the employing company. They also provide hands-on, day-to-day expertise, in contrast to the prescriptive, advisory support that management consultants deliver.