Interim Management is On The Rise Worldwide | IEC LLC

Interim Management Is Becoming Important On A Global Level

In the beginning, large corporations and listed companies in particular concentrated on temporary management appointments to bridge personnel bottlenecks. The interim manager concept has established itself and is now playing an increasingly important role in small and medium-sized companies. An important factor is the cost, which is directly related to extensive expert knowledge.

Interim Manager – More Than A “Helper In Need”:

If an important manager fails in the middle of the project phase, this circumstance could result in the end of the project or an uncontrollable increase in financial expenses. This is where interim management comes into play and entails temporary filling of specialist positions. Without long waiting times, without costly and time-consuming job advertisements and interviews, the project is continued with the precisely qualified interim manager. All companies benefit from this, regardless of their size and number of employees. The interim manager is therefore not an “emergency helper”, but the best decision for challenging projects that are continued to perfection on schedule despite the failure of an important manager.

Who Is Interim Management For?:

The interim manager culminates vacancies in companies in which an important executive is absent at short notice. This year, the process of interim management has developed particularly in the USA medium- sized & large sized companies established, but more and more small businesses are also making use of it. For example, American family businesses have had very good experiences with interim management and rate this method of “replacement” for managers positively. The demand is increasing significantly, especially in industries where the loss of a manager leads to high financial losses and project uncertainty. Especially commercial companies, the finance and insurance industry as well as accounting are completely convinced of the bridging by an experienced interim manager and its advantages for the company.

Interim Manager | Fast And Professional Bridging Of Vacancies:

The speed of turnover is a clear plus point in interim management. For example, in the transition phase between old and new management positions, experts know that an interim manager can have enormous advantages. Neither the non-occupation nor the temporary occupation in permanent employment are economically efficient decisions of the company.

Sincerity Is Guaranteed With The Interim Manager:

The decision to interim management is a decision that entrepreneurs make for maximum sincerity and core competency. Since the interim manager does not work with the goal of a steep career in the company, they represent their own opinion and give instructions regardless of the company rules. With honest feedback, companies can save a lot of money and operate more economically through interim management. Based on their experience, experts get started right away and with the greatest competence.

At International Executive Consulting LLC, we provide the highly fruitful Interim Management and C Level Executive Consulting Services to our clients along with the Globe. For more information, please visit us today at www.interimcsuiteservices.com or email us at info@interimcsuiteservices.com.

Interim Management – Outsource Corporate Management? | IEC LLC

More and more companies are opting for the advantages of outsourcing in different areas of the company . Only at the management level does conventional thinking still prevail. But the interim management is generating interest. It can be seen that the temporary use of leadership experts in management is no longer so consistently ruled out. The fact is – management responsibility can be outsourced.

Interim Manager Takes On The Portfolio Of Tasks At Management Level:

The global development has a positive impact on the company performance. But it also favours the overload, which can cause major problems in the area of ​​management. In addition to the internal distribution of responsibility, an interim manager is the solution for a precise sequence of all tasks at the management level. Interim management can be the best solution, especially in special situations, for example in the event of staff shortages due to illness or when the company is expanding. According to the Interim Manager Report, the outsourcing of management tasks increases productivity and eliminates problems caused by overload.

More Openness Towards The Transfer Of Responsibility:

Interim management is used more frequently for planned company sales or to bridge the period in the event of management changes. Flexibility in taking on all temporary management tasks, know-how and expertise in corporate management are guaranteed by an experienced interim manager. With around 35%, interim management is currently the focus, especially in the area of change management for managing complex transformation projects. Management does not tolerate classic role models, as times have changed and the demands on company management have changed.

The transfer, the outsourcing of responsibilities is a positive and success-promoting measure. While an overburdened management makes mistakes and cannot lead the employees in an optimal way, the interim manager goes to work with freshness and motivation.

International Executive Consulting LLC provides professional consulting services for project and process management, change management as well as the development of project and process-oriented organizations. International Executive Consulting LLC with our experts has worked for companies in various industries, primarily from the IT & Telecommunications sector. Get in touch with us today!

How to Bring Your Business Back on Track? | IEC LLC

Are you facing severe loss at your business? On the other hand, you are not able to determine the flaws at your business. Then you must consider International Executive Consulting LLC. International Executive Consulting LLC is providing interim management for your organization at the time of crises or at the time when you need them. Interim managers are highly qualified and well experienced in resolving business downturns. They first make your business steady and then implement ideas that make your business flourish further.

Your business often comes across a situation where your senior or middle level staffs are not able to deliver what your organization needs. So, having Interim Management Services from International Executive Consulting LLC assures that you will never face any business slowdowns. We are one of the best in interim management companies in California, USA.

There are countless benefits of hiring interim management services for your business. Some of them are as follows:

At the time of crises, going to the interview procedure could be very hectic. Choosing the right candidate among bunches will be a daunting task. Not only this, after short listing a candidate, you have to give training for the kind of work he/she has to do. This really requires lot of time and money. In addition, wasting time and money at deploying new and permanent professionals could cost you more at the time of business crises.

Interim management eliminates this flaw. Having a temporary interim manager, as he/she doesn’t require any training and as soon as he/she enters in your business, the problems start resolving. With his/her experience and expertise in interim management, your business starts gaining a steady position.

The interim management professionals at International Executive Consulting  LLC are serving for a long period, their experience and skills makes you understand flaws at your business and let you eliminate those within a short span of time. Since they are paid for the productivity and results, you can ensure fast recovery of your business and save your money.

Interim managers have worked before in many organizations similar to yours. Implementing best strategies for your business will accelerate growth of your business.

Interim management will provide appropriate structure and time that is being required to maintain and attain growth of your business. Interim managers are for particular period of time. Moreover, they will be in contact and will not interfere with your employees. This saves you overhead expenses that have to be made on permanent employees.

Thus, with numerous benefits of interim managers from International Executive Consulting LLC, you will certainly stand tall among your competitors. Having interim management at the time of your business crises will help you a lot and gives stability to your business within short span of time. Therefore, in order to have stability and growth at your business, consider interim management from International Executive Consulting LLC. For more details, visit www.interimcsuiteservices.com

Find out more about Interim Executive, Interim Management and exactly how it could benefit your business. International Executive Consulting LLC provides interim managers to work within companies operating in the private and public sectors across the USA and increase your company’s profits.

Top C-Suite Skills That’ll Make You a Great Executive

The leader suitable for the C-suite possesses an invaluable set of skills that have been honed to grow, develop and optimize the business.

But, like every leader, an executive’s career is unique as well as the qualities he or she brings to the job. Some executives encounter opportunity and luck throughout their careers, which ultimately propel them directly into the upper echelons of business.

These are the best primary skills all great C-suite officers have:

  1. Leadership:

True leaders set aside time to lead. This means constantly learning and developing to refine your leadership skills. Some people are naturally born with leadership qualities, while others develop the ability to be a good leader over time. Natural leaders have an innate confidence and an allure that inspires trust and a following but it is a skill that all executives are continually building, whether through experience, education, or a combination of the two.

  1. People Management

Good relationships and people management are important for productivity and delivery. Arguably, the greatest asset of a company is its people. As such, it is paramount to have executives who know how to successfully build rapport with employees, stakeholders, investors, consumers, and others inside and outside the business. A good leader must also know how to properly manage those relationships for the betterment of the company.

  1. Strategy:

Without direction, purpose and strategy, no executive, regardless of the business they lead, will be successful. Strategic thinkers measure performance and day-to-day details, making them invaluable to the company. Most importantly, they are able to put these details in the context of the bigger picture.

  1. Change Management:

Being an ‘agent of change’ means more to businesses than ever before. Influenced by market changes, economy, advances in technology and many other external factors, today’s executive must adapt and be able to understand the constant flux of the business environment around him.

  1. Technical Knowledge:

Another skill that remains at the top of today’s executive positions job description is being familiar with technology. Good executives will surround themselves with experts to fill the knowledge gaps within the company. No business today wants an executive without technical knowledge.

The importance placed on technology skills is increasing. Executives need to know not only how to use technology, but how it affects business.

  1. Presentation:

An executive is an executive in everything they do – from their knowledge to their skills, to the way they present themselves, to the way they communicate with others. Soft skills and other intangibles — like being a good relationship builder and the way an executive does it — or themselves — are critical to the overall presentation and impact.

The C-Level Executives of International Executive Consulting LLC have great experience and knowledge about the market and business modules. If you have any questions about C-Suite Services USA, call us – 202-258-5376. We are just a call away. Contact us and get high quality C-Level Executive Services and turn your business logo into a brand.

Staffing Solutions That Help You Move Your Tasks Faster | IEC LLC

Interim leaders are a staffing solution worth considering. They can fill leadership gaps, bring in the right experiences when needed, focus on results and sustain change in the process.

Ready Steady Go!

Our customers want to solve problems and respond to opportunities faster than they ever thought they were capable of, and faster than the competition. When it comes to staffing solutions, many organizations struggle to fill the void created by an open leadership position. Interim leaders and managers help organizations move faster.

The Experience You Need When You Need It:

Today, management teams in most companies are pretty lean. This is cost-effective, but many organizations lose momentum because they do not have enough time, capacity, interest or motivation to tackle critical challenges. Interim leaders bring direct experience in projects or areas where a company lacks expertise for as long as it is needed.

Laser Focus On Results:

Interim managers are catalysts for targeted change. While every manager would say that he or she is “results-oriented,” the interim management role is 100% structured to achieve specific objectives. They are not influenced by existing processes, staffing issues or office politics, making it easier for them to achieve targeted objectives faster than a permanent manager.

Two Steps Forward, Then Two Steps Forward:

The biggest change in operational consulting since I started working 20 years ago has been our clients’ focus on sustainability. A lot of plants have made some process improvements so that everything is back as it used to be within a month. If you’re always losing ground you can’t move forward. Falling somewhere between a consultant and a permanent hire, the tenure of an interim manager can help ensure that any process changes are integrated into a company’s management system, and are therefore more likely to remain. .

Time To Find The Best Permanent Manager:

The cost of hiring the wrong person for a leadership position can add up quickly. These costs include recruitment fees, relocation costs, severance packages and legal fees. This does not include lost productivity, management inefficiencies and missed business opportunities, compounded by the 6-12 months it typically takes companies to recognize and respond to poor hiring decisions. Interim managers can directly support the hiring process and provide more time to find the best permanent manager for a role.

At International Executive Consulting LLC, we provide experienced and best interim experts for your business who will give boost your business as per the requirement. For more information, contact us today!

Interim Manager In Projects? IEC LLC Propose 4 Strategies For A Successful Cooperation

“Leave it to the experts!”

The development of a new product quickly outpaced the competencies of the mid-sized company, as the project required more than just expertise in development, design, and prototype manufacturing. The CEO reports that “we suddenly had to deal with complicated patent issues, complicated financing, and complicated matters related to launch in the market. There was no project manager on our team who could handle all these particular difficulties.” Thus, the CEO decided to hire an external project specialist with the following qualifications: project-specific information, knowledge of the latest management approaches, a network of supportive experts, and the personal attributes to successfully close the project.

It used to be unusual to appoint interim managers to projects. But the situation is changing due to the increasing number of more complex and demanding projects.

Our interim management experts recommend implementing the following 4 strategies:

  1. Deal Fairly With The Need To Act:

Many companies only seek help from interim managers in emergencies. He is expected to make up for the loss and get the project back on track. Our interim experts remind us that “an IT project, for example, that seems unexpected at first glance, can easily develop into a tidal wave.” We also have to note that it is not just about technical tasks; organizational and cultural matters also need to be considered, as introducing employees to a new software.

  1. Carefully Select Interim Managers:

Today, there is more project specialists than professional project management skills and on-the-job experience. State-of-the-art methods, leadership skills and most importantly, project experience are essential requirements. A company has to compile a precise qualification and job profile to match the ideal project specialist. However, such specialists are difficult to find in the free market. IE Consulting LLC is one of the reputed organizations which provides the best Interim CEO, Interim Manager or Consultant as per the requirement of the client in order to give the best benefits to their businesses.

  1. Roll the Project:

Interim managers typically work their way into a project quickly and know how to win the trust of the company and employee. Interim managers must necessarily have specialized knowledge of the project-specific industry, they need to know its characteristics. In addition, they need to be masters of the tools and equipment of leadership. In addition to social skills, interim managers must possess charisma and considerable prestige is required, as they have to perform solidly in their position.

  1. Find Solutions Quickly:

Our interim managers provide experience as well as a network of diverse experts, such as specialists in change management or project marketing. Such relations are mandatory in case of emergency in a project. A major advantage is that interim managers can assess the qualifications and experience of their specialists. In many cases, they have already collaborated on previous projects and can quickly resolve difficulties together.

About International Executive Consulting LLC:

International Executive Consulting LLC provides professional consulting services for project and process management, change management as well as the development of the project and process-oriented organizations. IE Consulting LLC with our experts has worked for companies in various industries, primarily from the IT & Telecommunications sector, Plant Engineering, Industrial & Pharmaceuticals, Mobility & Logistics, Banking & Insurance. We have been providing the best service for our customers for more than 20 years in the field. Get in touch with us today!

Business Turnaround Strategies by an Interim CEO | IEC LLC

Your company is unique, and any interim executive will recognize the importance of creating a custom plan to meet your particular needs. To do this, seasoned interim CEOs typically follow a multi-step process.

  1. Develop A Turnaround Plan With An Operational Roadmap:

To know how to proceed, a turnaround specialist needs a clear understanding of where you are now. So a good interim CEO would start with an operational roadmap to assess the business and create an action plan to move forward.

You’ve already recognized that you’re having cash flow problems, that’s a clear problem. But the reason behind the problem is rarely straightforward. International Executive Consulting LLC Team – Interim Executives and Turnaround Professionals Interim executives see a variety of issues that can lead a company to failure, including:

  • A poor product-market fit
  • Cultural issues leading to low employee morale and high turnover
  • Sub-par customer service that hinders repeat customers or causes cancellations
  • Issues related to the way the current leadership runs things
  • Workflow processes that are not efficient or effective
  • Special Product Lines That Aren’t Profitable
  • Keeping up with the way industries develop around the company

  1. Determination Of Best Steps To Solve Financial Problems:

Once we identify the root of the problem, our turnaround CEO starts working on the best path forward to solve it. Our first priority is to improve cash flow. If any part of the business is haemorrhaging cash.

Interim CEOs who specialize in turnaround management know that sometimes what seems like the most obvious problem is more a symptom than a real cause. So, when we consider how to address the symptoms immediately, we will ultimately prioritize understanding the causes beneath the surface and how to fix them.

  1. Creating Turnaround Strategy Based On Analysis:

We will then analyze steps one and two and use it to inform business change strategy as we move the company forward. The strategy will include a crystal clear list of actions that address both short-term and long-term issues the company is working with.

  1. Leading The Implementation Of That Turnaround Strategy:

With the action developed, the interim executive will remain on hand to assist in the implementation and monitoring of the steps they suggest. They won’t drop the suggestion and walk away. They know that the execution phase is as important as the planning and a lot can go wrong in the implementation if one is not guiding the process.

Our interim executives remain engaged at least until the business stabilizes. They will monitor the proceedings, and continue to analyze and measure the results as they progress.

  1. Coordinate A Handover:

Interim executives don’t manage change hoping to land the CEO position indefinitely. They love to come in, deal with the situation we are best at, and move on to helping the next company that needs our services.

International Executive Consulting LLC is one of the best top known Business Turnaround Professional Services provider in the USA. We are just one call away. Contact us at +1-202-258-5376  & we will take the quick action to improve your business growth.

Professional Business Turnaround Strategy for Professional Development | IEC LLC

Maybe your company has cash-flow issues that you need to address. Or maybe you are facing a full blown financial crisis. You may not want to admit it, but when the warning signs are clear that financial turmoil is on the horizon, you have to face them. The worst step you can take is to do nothing.

Interim Executive for Turnaround Management

Bringing a turnaround CEO is one of the smartest steps a business can take on the brink of financial crisis. Your current executive team was hired for the skills and knowledge they possess, which is probably impressive. But in the hiring process, you weren’t looking for someone with specific skills to deal with a crisis.

Most organizations will face financial problems at some point or the other. They are a common cause of business failure—but they don’t have to be. If you make the right choices at the critical moment when problems first surface, you can help engineer a successful corporate turnaround.

Interim turnaround specialists bring skill sets to demand for distressed companies. Decisive and objective by definition, interim executives bring experience and a fresh set of eyes to the problems facing the company, taking your troubled company off the brink. and interim CEOs who specialize in turnaround management are equipped with the unique set of skills needed to identify core problems and implement the most effective solutions. Contains:

  • Ability to take informed, decisive action on a short timeline
  • The skills to thoroughly analyze the way your company operates to understand why you’re losing money
  • A habit of listening and respecting employees throughout the company at all levels

A company is unlikely to find those niche talents under its roof. Someone working directly with companies facing financial crisis brings to the table the knowledge that a CEO focuses on business-as-usual goals such as growth and retention.

Turnaround professionals are typically either interim managers or consultants. Both serve strategy, but an interim executive may replace the CEO or other senior manager and make decisions to implement the change.

In addition, good turnaround professionals can be expected to develop a sustainable management team to preserve value within the company. In contrast, a turnaround team of outsiders takes that value with them when they leave.

International Executive Consulting LLC provides its clients with the best business turnaround services in the United States and around the world. We have an experienced team and you can definitely enhance the growth of your business by hiring IEC LLC professionals. Get in touch with us – https://www.interimcsuiteservices.com/contact-us/|

4 Growth Strategies You Should Use For Your Business | IE LLC

Do you know how the top businesses in the world continue to be successful? The answer lies deep within their growth strategies. Every successful business employs growth strategies that fit with its business goal and morals. It also complements their workforce and abides with government rules and regulations.

When every factor is perfectly placed, a growth strategy can reap benefits for any business. There are many such business growth strategies available at your disposal. Below is a list of 4 growth strategies you should use for your business:

  1. Market Expansion:

Often businesses deal with their products successfully in a specific market. To improve, using the Market expansion growth strategy, a business can tap into previously unexplored markets where they can sell their existing products.

These markets necessarily don’t have to be domestic. A business can tap into international markets as well. Finding new customers helps a business improve its sales and profits, thereby increasing brand authority.

  1. Market Penetration:

Market penetration allows you to plan how your business can grow in an existing market with competitors selling similar products. This is the least risky strategy as compared to the others.

Here, you will fight to steal as much market share as possible. But this strategy needs a lot of work and will involve pricing, product positioning, and marketing. There is a way you can calculate market penetration rate to understand how much of a product you are selling as compared to the total estimated market for that product.

  1. Product Development:

What do your customers want? Is your product/s adding value in your customer’s life? These are the questions you need to answer. Listen to your customers and their needs. If your product is partially fulfilling it, then you can get it improved. If not, then you can create a new product with high value for your customers as they are willing to pay for it.

For a business to be successful using this strategy, adequate research, an understanding of customer wants, and needs are important.

  1. Growth via Diversification:

Also considered as the riskiest growth strategy in the Ansoff Matrix, growth via diversification can take place when a business enters a new market with a new product. You can reduce the risk by related diversification.

E.g. A car company can start working on stereo systems for vehicles or a leather shoe producer can start selling leather wallets in a new market.

Another way of diversification is by selling a new product that has no synergy with your business. The plus point here is that if successful, it will open a new revenue stream for the business.

Some More Growth Strategies:

  1. Mergers and Acquisitions:

When your market share cannot grow, or the profit level is almost saturated, you can resort to acquiring smaller competitors who are either growing or weak. Doing this gets you more customers and a higher market share.

  1. Alternative channels for distribution:

There are various channels of distribution available in the market, like wholesalers & retailers. Normally a business takes help from either wholesalers or retailers. If you can see a better impact using both, then do take help from both channels.

  1. Price increase and deduction:

You cannot sell one product at one rate forever. It is not profitable and realistic to do so. Hence periodically, a price increase for each product is understood by customers. They too know that each year, costs are increasing, and hence it is natural to witness a price increase.

  1. Brand/Product USP:

Lastly, Brand USP is one of the most important growth strategies. Does your product have a certain feature, quality, benefit, that is more advanced than any other similar product in the market? If there is something that sets you apart from the competition and matters to your customers, that means they will be ready to pay for that product easily.

Conclusion:

These are some of the best growth strategies that are important for a business. They help to survive, improve market share + customer base, gain profits, and do this continuously.

Need help executing these strategies for your business? With over 20+ years of experience in growth & expansion strategies, International Executive Consulting LLC is the best growth & expansion consulting firm in the USA across diverse industries. Get in touch with us!

Interim Management – Life at the Rapid End of Business – IEC LLC

Today, Cyril Moreau, our CEO, shares his experience as Interim Manager. This insightful view gives you interesting and useful tips on how to prepare for the client company’s expectations and interim assignments.

Not for the faint hearted:

For the past 20+ years I have been working as a Management Consultant and Interim Manager in the USA and other continents such as MEA, Asia and Europe. Therefore, it is a practitioner’s view of change management in interim management situations, typically in dire situations.

When you work as an Interim CEO you essentially end up working for companies that have had a problem or two, either their profits and liquidity went south – sometimes over years, sometimes quite rapidly – they have an obvious leadership problem or, in the best case scenario, a vacancy due to illness or accident that has to be filled immediately for a limited period of time.

With substantial experience in the health care sector and the pharmaceutical industry, I liken the company’s position to a patient sitting in a consultant’s hospital surgery, awaiting diagnosis and treatment. Of course the difference is that the company speaks with multiple voices and what’s more, most of those voices have their own hidden agenda. A patient usually has seen a GP before being referred to a doctor specialized for their illness. Therefore, sometimes there is already a diagnosis even if it is wrong. The company also has group of GPs, i.e. auditors, banks and sometimes a strategy consultant who needs a person implementing the strategy change by doing some surgeries. And, the quality of early diagnosis varies widely. Whatever metaphor you use to describe the situation, you need to be a quick adaptor and have a keen survival instinct.

Before the first day:

Preparation is paramount. Apart from gathering information about the situation, there are several issues that need to be clarified:

  • Set-up of assignments. This is important not only because it defines how employees see you and the impact it will have on you, but also because of your legal risk. Not surprisingly, the higher the hierarchy, the riskier the position for the Interim Manager.
  • Understand the expectations of the stakeholders. Banks, shareholders and management may have differing views about what should be done depending on their particular stake in the company.
  • You need to get an accurate picture of the situation as detailed as possible. So, talk to as many parties as possible beforehand to know the expectations and more importantly, the motives behind them.
  • Be careful about the employment law regulations and procedures. Your case must be indisputable.
  • As everyone can imagine, time is the essence. This is always important, but even more if a company is in financial trouble or is in a complete disarray. So you have to get your facts together real quick and speed up the pace all the way.

International Executive Consulting LLC guides the mid- to large sized organization in instituting best management and strategies to improve their growth and scale new heights of success in future.