In essence, interim management is the utilisation of an experienced manager to temporarily fill a gap in an organization. The most common need for interim management occurs when an executive leaves a position for whatever reason, and the firm seeks an immediate replacement, while they search for an ideal permanent replacement.
However, an interim manager often does more than keep the seat warm. A good interim manager will add tremendous value to the organisation by applying their experience and skill set to move the organisation closer to achieving their goals. Interim managers bring well qualified skills and expertise to bear at short notice, without the overheads associated with employment. They consult, plan, advise, implement, and embed the lessons, then exit. They offer independent expertise, free of company politics, and take responsibility for delivering results, not just offering advice.
Every large organisation should have conversations with a company like Bridgewater, so that they can tap the vast pool of experience and skills that we can provide when the need inevitably arises.