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What are are your options when you need good management in a hurry for change management, crisis management, managing redundancy, conducting and IPO: recruitment versus management consultants versus interim management
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This is the story of...
This is the story of Chris
THE MD HAS JUST RESIGNED.HE’S NOW SETTING UP A COMPETINGBUSINESS. THERE IS ABSOLUTELYNOBODY WHO CAN TAKE HIS PLACE.
WWHHAATT’’SS GGOOIINNGG TTOO HHAAPPPPEENN NNEEXXTT??WWHHAATT’’SS GGOOIINNGG TTOO HHAAPPPPEENN NNEEXXTT??
This is the story of Jane
WE’VE JUST LOST OUR MAJOR CONTRACT. WE NEED TO MAKE A LOT OF PEOPLE REDUNDANT. WE NEED TO CHANGE THE WAY WE WORK.
WWHHEERREE DDOO WWEE SSTTAARRTT??WWHHEERREE DDOO WWEE SSTTAARRTT??
This is the story of Ben
WE ARE GOING THROUGH AN IPO. WE’VE TAKEN THE BUSINESS FROM NOTHING TO WHERE WE ARE NOW. BUT NONE OF US KNOWS HOW TO DEAL WITH THIS.
WWHHAATT SSHHOOUULLDD WWEE DDOO??WWHHAATT SSHHOOUULLDD WWEE DDOO??
What dotheyhave in common?
They all need...
But where to find one?
Let’s start with what they need...
RREEAADDYY TTOO SSTTAARRTT NNOOWW!!RREEAADDYY TTOO SSTTAARRTT NNOOWW!!NOT IN 6 MONTHS... NOT AFTER THEIR GARDENING LEAVE IS OVER...IN FACT, NEXT WEEK COULD BE TOO LATE
WWIITTHH TTHHEE RRIIGGHHTT EEXXPPEERRIIEENNCCEEWWIITTHH TTHHEE RRIIGGHHTT EEXXPPEERRIIEENNCCEEWE HAVEN’T GOT TIME TO TRAIN A NEWPERSON. WE NEED A “PROBLEM SOLVER” -AND OUR PROBLEMS CANNOT WAIT
OOBBJJEECCTTIIVVEEOOBBJJEECCTTIIVVEEWE HAVE ENOUGH CORPORATE POLITICS.WE NEED A FRESH PERSPECTIVE. SOMEBODY WHO JUST CONCENTRATES ONWHAT’S BEST FOR THE BUSINESS
HHAANNDDSS--OONN AANNDD AACCCCOOUUNNTTAABBLLEEHHAANNDDSS--OONN AANNDD AACCCCOOUUNNTTAABBLLEETIMES ARE TOUGH. WE NEEDSOMEBODY WHO HAS BRILLIANTIDEAS, CAN MAKE THEM HAPPEN – AND IS HAPPY TO BEJUDGED ON THE RESULTS
Who fits the bill?
Who fits the bill?
A new appointment?
Who fits the bill?A new appointment?
A management consultant?
Who fits the bill?A new appointment?A management consultant?
An interim executive?
Let’s compare the options...
LLEETT’’SS AAPPPPOOIINNTT SSOOMMEEBBOODDYY NNEEWW!!LLEETT’’SS AAPPPPOOIINNTT SSOOMMEEBBOODDYY NNEEWW!!AFTER ALL WITH THE RECESSION THERE AREPLENTY OF PEOPLE LOOKING FOR A JOB
But...
What’s more...
There is a paradox of scarcity amidst plenty.
Today’s high unemploymentdoes not mean the talent willbe there when you need it.““
Source: Deloitte, “Has the great recession changed the talent game?” – April 2010
LLEETT’’SS GGEETT AA MMAANNAAGGEEMMEENNTT CCOONNSSUULLEETT’’SS GGEETT AA MMAANNAAGGEEMMEENNTT CCOONNSSUULLLLTTAANNTT!!TTAANNTT!!THEIR ANALYTICAL SKILLS ARE UNSURPASSED.THEY TAKE A BROAD VIEW OF ALL THE STRATEGIES FOR IMPROVEMENT. IF YOU
CANNOT TRUST THE BRIGHTESTMBAs, WHO CAN YOU TRUST?
But...
££11,,000000 ==ggrraadduuaattee ccoonnssuullttaannttddaaiillyy rraattee
And...
We are the trusted advisor to the world’sleading businesses, governments, and institutions.
“ “Source: www.mckinsey.com
We are the trusted advisor to the world’sleading businesses, governments, and institutions.
“ “Source: www.mckinsey.com
We are the trusted advisor to the world’sleading businesses, governments, and institutions.
“ “DON’T YOU NEED MORE THAN AADDVVIICCEEAADDVVIICCEE? WHAT HAPPENSAFTER THE CONSULTANT LEAVES? WHO’S GOING TO IMPLEMENT THE STRATEGIES? WHO IS RESPONSIBLE FORSUCCESS OR FAILURE?
Source: www.mckinsey.com
LLEETT’’SS GGEETT AANN IINNTTEERRIIMM EEXXEECCUUTTIIVVEE!!LLEETT’’SS GGEETT AANN IINNTTEERRIIMM EEXXEECCUUTTIIVVEE!!THEY ARE HIGHLY EXPERIENCED(OVER-QUALIFIED, EVEN), THEY CANSTART IN LESS THAN A WEEK ANDTHEY IMPLEMENT AS WELL AS THINK.
NEW APPOINTMENT
INTERIM EXECUTIVE
MANAGEMENT CONSULTANT
NEW APPOINTMENT
INTERIM EXECUTIVE
MANAGEMENT CONSULTANT
NEW APPOINTMENT
INTERIM EXECUTIVE
MANAGEMENT CONSULTANT
NEW APPOINTMENT
INTERIM EXECUTIVE
MANAGEMENT CONSULTANT
NEW APPOINTMENT
INTERIM EXECUTIVE
MANAGEMENT CONSULTANT
NEW APPOINTMENT
INTERIM EXECUTIVE
MANAGEMENT CONSULTANT
But does interim management work?
One of the advantages of interims is that you have a‘heavyweight, hands-on’manager on site. you get thebenefit of an outsider with a lotof experience, at a cost which isroughly half that of a management consultant
“ “I. McKinnon, Former CEO, LuxferGroup (a £200m MBO from Alcan)
We needed considerably morethan a stopgap solution. We therefore chose a heavyweight interim withFTSE 100 experience. We havesince used interim executiveson further occasions
“ “P. Hird, former Personnel
Director, ITV plc
BIE provided a first rate individual to manage a criticalcomponent of our people strategy and the results weresuperb - a substantial ROIand enhanced organisation capacity
“ “L. Jack, TK Maxx
Quick fixerswith lastingvalue““
Alison Maitland, Financial Times
Where next?
And just talk to us...
