What is Interim Management?


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What are Interim Managers? What is their purpose? Why are they different from Management Consultants? IMS explains with this short presentation.

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What is Interim Management?

  1. 1. A Member of the J.M. Gemini Group of Companies
  2. 2. IMS – Who are we? <ul><li>IMS stands for Interim Management Solutions. </li></ul><ul><li>IMS is part of the J.M. Gemini group of companies that has been recruiting staff for temporary, permanent and executive level positions since 1993. </li></ul><ul><li>We provide experienced executive level candidates to work on short term assignments for MNC and foreign invested businesses. </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  3. 3. What is interim management? <ul><li>Engaging an outsider to get the job done </li></ul><ul><li>Qualified executives who have extensive experience in the specific industries or functional roles </li></ul><ul><li>Hands-on managers who have chosen interim management as their profession </li></ul><ul><li>Use of his/her services till the project has been accomplished </li></ul><ul><li>Previous experience with turnaround solutions, mergers and aquistions, downsizing, change management as well as other problems businesses may face. </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  4. 4. Some history… <ul><li>Originates from the Netherlands in the ’70’s due to restrictive labor laws. Permanent employees were protected by long notice periods and high costs for terminating employees. </li></ul><ul><li>Early 80’s interim management became more common in other EU countries too, esp. UK and Germany. </li></ul><ul><li>These days nearly 30% of working population in Europe works on interim basis </li></ul><ul><li>Interim Management in Asia still fairly new </li></ul><ul><li>Current economic downturn asks for new solutions in Asia as well </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  5. 5. Interim management; why did it become successful? <ul><li>Speed: Interim Managers can be in place within days as opposed to weeks/months for a permanent hire </li></ul><ul><li>Experience: Interim Managers are usually overqualified for the job they take on and therefore stepping down in responsibility </li></ul><ul><li>Objectivity: No previous involvement in company processes or staff relationships. Bring in fresh perspectives, interim managers are free to concentrate on what is best for the business </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  6. 6. Interim management; why did it become successful? <ul><li>Accountability: Interim Managers do not take on an advisory role (as a management consultant would). Interim Manager are responsible and accountable line managers who will implement and manage a business or project </li></ul><ul><li>Effectiveness: Operating at or near board-level gives Interim Managers the authority to effect significant change or transition within a company </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  7. 7. Interim management; why did it become successful? <ul><li>Commitment: Interim Managers are typically committed to an interim career. Taking on a interim assignment is usually not a way to keep themselves busy until a permanent job has been secured. </li></ul><ul><li>Interim Managers enjoy the challenges of different assignments, take pride in maintaining the highest standards while realizing that they are only ever as good as their last job </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  8. 8. Who are Interim Managers? <ul><li>Experienced managers/directors and senior executives with a proven track record of successful doing business </li></ul><ul><li>They come from a wide range of business sectors </li></ul><ul><li>Many of them have a business degree in addition to their technical qualifications and have held management positions, not uncommonly at Board Level or Head of Function Level. </li></ul><ul><li>They have chosen interim management as a profession </li></ul><ul><li>Ability and experience to manage organizational and business change situations by contributing project management, leadership and technical or functional skills </li></ul><ul><li>This Interim Manager will already have hands on experience in the </li></ul><ul><li>role that you are recruiting, so they could be an assistant through </li></ul><ul><li>the interview process of the permanent candidate. </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  9. 9. How can an Interim Manager help you? <ul><li>There are many different situations in which a business may need an interim manager. These situations are becoming more and more prevalent in China with the number of acquisitions taking place, existing businesses being restructured and new businesses setting up. Interim Managers can assist you by providing: </li></ul><ul><li>Smooth transitional management when a key member exits </li></ul><ul><li>Restructuring/integration of department(s) </li></ul><ul><li>Financial management and mentoring </li></ul><ul><li>Introduction of new services lines and special projects </li></ul><ul><li>Recruitment, retaining, training and development of staff </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  10. 10. Common IM scenario’s in China <ul><li>Mergers & Acquisitions </li></ul><ul><li>Temporary replacement of key positions </li></ul><ul><li>Setting up operations in China </li></ul><ul><li>Closing down operations in China </li></ul><ul><li>Alternative to using Management Consulting Firms </li></ul><ul><li>Interim solution until a permanent one is found </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  11. 11. Interim Management in practice… <ul><li>Workforce Adaptation Program </li></ul><ul><li>HR project – duration: 18 months </li></ul><ul><li>New company acquired by large MNC with various plants in China </li></ul><ul><li>Company will relocate in the course of 2009 to a new designed 140.000 m ² factory </li></ul><ul><li>Manufacturing and non-manufacturing work force will change in structure and function </li></ul><ul><li>Retaining and reassignment policies need to be set-up and implemented </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  12. 12. Interim Management in practice… <ul><li>Setting up Chinese operations </li></ul><ul><li>Sales & General Management project – duration: 11 months </li></ul><ul><li>European company in consumer electronics products entered the Chinese market </li></ul><ul><li>Interim Manager registered company, rented office facilities and recruited first staff for China office </li></ul><ul><li>Market research and retail channel sales development </li></ul><ul><li>Set up sourcing and purchasing office </li></ul><ul><li>New product development for China market </li></ul><ul><li>Local GM for Chinese operations was recruited by Interim Manager </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  13. 13. Administration of Assignments <ul><li>Initial situation and agreement on terms of assignment </li></ul><ul><li>Screening, Introduction of candidates and interview arrangements </li></ul><ul><li>If an interim manager is taken on: </li></ul><ul><ul><li>Arrangement of legal employment and visa </li></ul></ul><ul><ul><li>Setting up pay rolling incl. taxes etc. </li></ul></ul><ul><ul><li>Monthly/Weekly invoice according to the terms and conditions </li></ul></ul><ul><li>Administration handled by agency/interim manager </li></ul><ul><li>Report and direction by the client </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  14. 14. How to Arrange an Interim Manager <ul><li>Interim Management Solutions has been created to provide an </li></ul><ul><li>additional solution to the recruitment needs that multinational and </li></ul><ul><li>foreign invested business face in the China market. </li></ul><ul><li>Our dedicated consultants would be happy to hear from you to </li></ul><ul><li>discuss your needs and recommend a suitable Interim Manager </li></ul><ul><li>for your business. </li></ul><ul><li>For further information: </li></ul><ul><li>E-mail: [email_address] </li></ul><ul><li>Telephone: 021 – 6427 0492 </li></ul><ul><li>Web: www.imsinasia.com </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS
  15. 15. Introduction Mr. Lothar Wolf <ul><li>Strong engineering background with solid knowledge of lean manufacturing concepts, setting up plants, quality control and supply chain </li></ul><ul><li>In China since 2003, previous experiences in other Asian countries, Europe, USA and Africa </li></ul><ul><li>Knowledge of various industries such as automotive, aerospace and heavy industries </li></ul><ul><li>Transferred technology between different continents </li></ul><ul><li>Fluent in English, German and conversational Mandarin </li></ul>INTERIM MANAGEMENT SOLUTIONS IMS