Four ways to create an impact as an interim manager
There are many challenges faced by interim managers when beginning new assignments. Starting a new role within a new company is hard but the pressure faced by interim managers to hit the ground running brings different obstacles. Building relationships in a short space of time and delivering results fast are key. So how can you create a strong impact as an interim manager?
Quick and insightful strategy development
- Conduct an external and internal analysis to identify strategic issues, strengths, and weaknesses within the company.
- Outline your mission and establish strategic goals for the remainder of the placement.
- Identify how those goals will be reached considering strategies, objectives and timelines.
- Following the implementation of a strategic plan, complete a strategic analysis process to determine the effectiveness of the results.
- Assess whether the strategy has failed or succeeded, if the goals have been met and whether or not the strategy aligns with the initial mission.
- Depending on the results, formulate a plan to either continue the process or propose strategic alternatives
Effective stakeholder management
- Identify and acknowledge your stakeholders and make every effort to engage and build relationships.
- Establish the purpose that you want to achieve with your stakeholder engagement.
- Identify problems and obstacles and create a management plan to solve them.
- Keep assessing each stakeholder’s performance to understand what adjustments need to be made.
- Take feedback from stakeholders; it will help you understand the situation and changes you need to make
Long-lasting knowledge transfer
- Collect knowledge on the culture of the business by seeking input from team members and brainstorming ideas.
- Proper knowledge capture and knowledge management is important. You need an infrastructure that can make access to that knowledge fast and simple.
- Once the knowledge has been captured it needs to be shared to other people/departments in the organisation effectively and efficiently.
In depth analysis is an important process to establish problems and work out areas of weakness within a company. Once these areas of weakness have been identified interims can create a strong and immediate impact by strategy planning, building relationships with key stakeholders and implementing a knowledge plan.