Temporary Management, a valid alternative to the traditional advisory service (tax advice, financial consultancy, labour law advice, etc.), makes it possible to use the experience and expertise of a specialised manager who, unlike business advice, is also given executive powers. This means entrusting the management of a company, or part of it, to an experienced and external manager for a certain period.
The decision to entrust your company to a temporary manager stems from the need to deal with a business situation for which you do not have the necessary skills or experience to manage extraordinary situations, such as the opening or closing of a branch, an acquisition, or the organisation and development of a new business.
The advantage over more traditional solutions is first and foremost economic: hiring an experienced manager on a permanent basis has a high cost that can heavily impact the budget of a small and medium enterprise. Another advantage is the short term of the relationship, which generally ranges from 9 to 12 months up to 18 months for challenging situations.
Temporary Management can be classified in the following macro-categories:
- Interim management to cover sudden gaps;
- Management of a specific project;
- Corporate crisis management;
- Need to introduce new tools and new ways of working;
- Change management.
More specifically, SMEs and startups can use a Temporary Management service in the following cases:
- Reversible crisis management;
- Company redevelopment;
- Managing a process of change;
- Start-up of a new activity;
- Integration with recently acquired companies;
- Training of a permanent manager;
- Management of an inter-generational transfer or succession;
- Management of a targeted project.