Align Costs with Improved Business Strategy | IE Consulting LLC

CEOs were already facing challenges before the outbreak of COVID-19. The world’s 20 largest economies then went into lockdown at an eight-week window. The optimism for a quick recovery has evaporated and a big question is: how do we prepare for a future that will change forever, but is still not fully known?

The actions you take to protect your business are critical to your future success. But what are those verbs?

Discover how, together, we design and implement commercially viable plans that produce quick results for your business.

Your challenges:

  • Optimizing costs while increasing revenue and remaining relevant in a fast-paced market.
  • Aim to invest more accurately to maximize strategic profit (more ‘good cost’).
  • Cut out underperforming businesses and inefficient operations (‘poor costs’), which waste resources and return back.
  • Optimization to achieve service excellence.

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How IE Consulting LLC Can Help You?

We bring a strategic approach to cost reduction. We have both compelling drivers and practical tools that make strategic cost reduction real and transformative.

We leverage our proprietary analytical and benchmarking tools and techniques to develop a clear cross-organizational cost agenda, making deliberate choices from front line to back office.

  • Alignment of the cost structure by assessing its investment (costs) against its key competitive powers – “protecting good costs and eliminating bad costs”.
  • Using a lever to cut costs will help free up resources that will boost your unique benefits – and to cut costs through a capability lens.
  • Restructuring your organization for growth, maintaining cost reductions that enable management to grow.
  • Develop a clear business case and high-level implementation plan, including short-term quick-win savings as well as medium to long-term savings.
  • Providing implementation support, continuously monitoring and evaluating results to unlock the desired savings potential, helping you to implement cost reduction initiatives.

For more information, please visit International Executive Consulting LLC today and follow us on social media now!

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Benefits of Interim Managers for your Business | IE Consulting LLC

Companies struggling to generate growth and remain relevant amid rapid change often see new leadership. A growing number of companies are also looking for a different kind of leader – one who specializes in change and embraces the challenge of helping companies solve their biggest issues. Enter a new breed of Interim Executive, on-demand leadership that brings an outside perspective, cutting-edge thinking, experiential experience and a laser focus on results.

Interim Inspiration

An interim executive is a full-time C-suite rental option. Bringing interim executives into companies because change is needed. They may need to grow to the next level, help with declining revenue, revive the business, prepare for mergers or acquisitions.

Interim officers are able to deploy within a few days and have an impact from day one. They are like special forces of the executive world, parachuted in a difficult situation and solving specific problems.

Why you choose the path of interim management? What sets it apart from permanent executives?:

“Good interim leaders embrace and execute change. They manage transitional change situations positively. They have situational experience that others do not have or avoid others. “

“An interim executive is more goal-oriented and focused on accomplishing the mission with no interest in job longevity.”

“The company is hired for an interim for a specified time to get through a specific issue, while being focused on sustainable long-term and profitability.”

“Looking to set, establish and transition. Watch the system work its magic based on what you helped build.”

“Independent, unbiased, efficient, highly-qualified and experienced, focused on getting things done, immune to hierarchy and politics.”

Benefits of Interim Managers:

In addition to a faster business cycle and higher employee turnover, trends driving the expansion of the interim specialty include global competition, disruptive technology, a growing economy and recessionary fears.

The benefits brought to the table by an interim manager for what type of weight leaders the organization needs are:

Cross industry skills and expertise:

Interim officers are compared to a rolling stone that is no moss. Always moving from company to company, they do not develop institutional blind spots that can set in after years with the same organization. The heart does not stop. They are always at the cutting edge. They have access to the latest skills, thinking, talent and technology, and in many cases, cross-industry expertise that allows them to implement best practices from one business to another.

Results oriented:

Interim officers are measured on results. They are not advisors that give a clear sound and have impressive-looking PowerPoint slides but have never led to successful operations. They do not even have a temperature there to keep the seat warm. They make intimate things.

Force multiplier:

Good leaders inspire others and improve the people around them. Interim officers grow up on team building and mentorship. They excel in assessing talent within the organization and placing people in positions where they can excel.

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Our Interim CEO Story: How An Interim CEO Impacted A Non-Profit

The organization was a non-profit that operates more equally for a profit. At that time their problems were spread throughout the organizational structure. Senior managers were concerned about keeping the business alive. They struggled to find the right person to be the new CEO and knew of the existence of many issues but were unable to point to or address them.

This non-profit organization was in dire need of timely and skilled leadership talent. This was the talent he tried to find with a CEO hire that did not go as expected, and the position was open again. The right kind of talent is something that can take a long time to find. The executive may then have on-boarding or training to speed it up. In his position, the demand for leadership was a quick and low-risk decision.

Row of hands making notes during a seminar

The nonprofit hired our interim CEO. He began reviewing the budget and reducing all expenses that were not necessary. They then adjusted the management structure so that department heads were assigned more responsibility and shifted to understanding the entire organizational culture and being part of the bigger picture.

Nonprofits also needed to change how they got closer to new technologies and use them. The Interim CEO revised the software management and organized the new smartphone app. He also improved external communications and opened a new off-site call center.

He anticipated that there should be a decrease in operating staff and an increase in marketing staff – which, once implemented, proved a good sales decision.

The results of the interim CEO’s engagement were:

  • 34% increase in donations (seen annually),
  • 23% reduction in dependence on public broadcasters,
  • Outsourced marketing costs reduced by 60% (the volume of services remained the same),
  • Weekly calls to call centers increased significantly.

The board said it was “hard to believe” how quickly and easily the new interim CEO transitioned. They implemented economical, technological, cultural and operational changes that resulted in maintaining and even improving large nonprofit businesses; All of which happened within just six months. The board decided to offer a long-term role as an interim CEO with the company.

To learn more about how interim management can help and more information about interim officers, please visit our home page by clicking here.

Basic Facts on How Interim Executives Can Make Money for Your Company

The interim talent — the “gig economy” —is one of the best kept secrets at every level and all successful companies know it. These days, the size of a company is not judged by its workforce. Big companies like WhatsApp and Instagram can be valued in the billions. With this small size, this team is still paying money to the company.

How Interim Executives Increase Company Worth:

  • Interim Executive aim to provide return on investment for their services. They are saving company money, making company money, or once they have completed their work, they are laying the foundation to complete it (making company money).
  • Interim Executives are on demand. They are used for specific purposes for a specific period of time – when and where you need them.
  • Interim officers bring expertise and very little is required without onboarding or oversight.
  • Interim Executives embed the necessary skill sets in the organization, not themselves, so it can be successful after the assignment is completed.

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We urge you to explore the possibilities of interim, part-time and project-to-perm models next time you find yourself staring at a problem that seems absolutely impossible. You should not always hire a full-time VP to gain VP expertise. You can get all the knowledge, skills, qualifications and qualifications of a Big Six consultant or (top-tier competitor) in a small package, depending on when you need it, a few days a week or a few months at a time. your needs.

International Executive Consulting LLC offers contract executive on a part-time, temporary, interim and project basis. IEC has a network of thousands of executives from operations, finance, sales, marketing, manufacturing, IT, human resources and more. They are available to step into companies in a wide variety of industries and sizes on short notice to fill a sudden gap in leadership, run an important initiative or impart specialized skills and knowledge for a temporary period. IE Consulting LLC serves clients of all sizes from virtually every industry.

To learn more about how International Executive Consulting LLC can help you and interim executives, please click here to visit our home page.

Why Turn to Interim CEO & 6 Reasons to Hire an Interim Manager | IE Consulting LLC

Interim management is the supply of an individual with business management abilities. These people will ordinarily be experienced business pioneers who can deal with an association through changes or times of progress, give soundness to a business after the abrupt take-off of a senior executive, or a profoundly specific range of abilities a business might be lacking.

Interim for Finance

Finances is always a challenge for small firms competing with large firms, and especially right now. Business costs have risen above the rate of inflation, and the impact of Brexit on exchange rates has led to further increases for firms importing goods.

Why turn to an Interim?

According to a recent survey by the Interim Management Institute, 80% of interim managers will use interim service providers at least some of the time. International Executive Consulting LLC is best at managing turnarounds, accelerating change and helping businesses change in times of demand. They bring intelligence, exertion and rigor that can differentiate between a bust or a boom.

The obvious advantage of interim over alternative routes is that it allows an to use knowledge together with your existing team and implement change quickly. The immediate result leaves a lasting positive impression. In addition, interim are a flexible and variable cost option, not a fixed overhead. This gives organizations considerable flexibility with the nature of interim contracts.

Interim managers are experienced professionals who bring industry knowledge and expertise that is independent and as a result is able to provide insight and value to a specific goal, with a quickly realized ROI. The main benefits are:

Timescales:

Interim CEOs are available to start at very short notice with minimal recruitment or termination formalities

Experience:

Interim managers are experienced professionals who are used to working completely autonomously, and require very little direction to start and make a real difference to their business

Inspire Results:

Interim managers are judged by the results and know that they have to deliver

Learning curve:

The skills, contacts and knowledge that brings an interim to your business will transfer to your team and stay for a long time after they are gone.

New Perspective:

Being sensitive to company values ​​and culture, having no previous history with your business means that they can view the situation objectively and clearly. Personality and politics did not influence the best decision for business.

Action:

An Interim Manager can act as a adviser for the board, with an ace up his sleeve to help carry out the strategy.

How Interim Executives Build Team Spirit | IE Consulting LLC

Interim executives are the best to transform an organization which is why they depend on building strong teams & strategies.

Knowing how to leverage the collective talents and skills of a team is the mark of a good leader. Interim executives have the quality to achieve their goals. For that reason, they depend on their team to help them reach their targets quickly and effectively.

Teams work well when individual members get along. But with multiple personalities and preferences, issues are bound to arise. To avoid that, Interim Executives focus on building and fostering strong teams that can weather any storm.

Interim Executives Allow Mistakes:

Managers should always remember and cut team members some slack if they make a mistake. By stepping back and allowing them to own their errors, they give them space and support to correct it.

Cyril Moreau - CEO

Interim Executives Reward:

Employees perform better when their efforts are appreciated. Good leaders publicly recognize and applaud the work of individual team members, and reward those who make the most contribution. It can be done in small ways like a mention in an internal memo or meeting, or by awarding them financial compensation or free lunch.

Interim Executives Are Specific:

Generalized statements of encouragement don’t work all the time. Pay attention to the details of the work contributed by everybody on the team and comment on that. Because knowing that their manager is interested and involved in their efforts will encourage and motivate teams to perform better and not compromise on quality.

Interim Executives Emphasize Communication:

Open channels of communication make teams stronger. Team members should be able to access each other easily and be available to answer queries. Applications like Slack allows workspaces to communicate in an open and quick environment. Furthermore, in-person meetings every week or month helps provide a platform for members to share ideas and their progress.

Visit us for more information at International Executive Consulting LLC or give us a call at +1 202-258-5376!

How Can You Easily Connect With C-level Executives?

Have you seen various people in sales wanting to get in touch with the C-level executives? Why do they only want to connect with the c-level executives and no one else? Well, because these individuals are the pillars of strategic planning and employee management and empowerment.

They have the power to make and take decisions. The four c-level executives are the chief executive officer (CEO), chief operations officer (COO), chief financial officer (CFO), and chief technology officer (CTO).

When you are dealing with the c-level executives, you will be able to save a lot of time and money. It is going to save a lot of efforts. But you must know that the easiest it sounds, the more difficult it actually is. This is no walk in the park.

You need to be in the right place at the right time if you want to build some of the stellar connections. Make sure that you have the right strategy in place to build these connections.

Follow These Tips to Easily Connect with the C-Level Executives Irvine:

Going to Network Events:

You need to think again if you think that the traditional networking is dead. According to a study, there are 9 in 10 c-level executives who think that small meetings are the best part of communication.

You can get a lot of work by visiting these networking events when compared to sending e-mails while sitting behind your computer screens.

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Build a Network on LinkedIn:

You need to network and if you are not a traditional sort of person, then you should look for networking online on websites like LinkedIn. For some, it will be more resourceful than the networking events.

If you are networking through LinkedIn, it is one of the best ways to get noticed by the C-level executives. There are C-level executives that have even added their email addresses in their profiles.

Conclusion:

It is not at all easy to catch the attention of most of the c-level executives. This is because everyone else apart from you is also trying to do the same.

You just need to be persistent with the planning and the hard work in order to connect with the C-Level Executives.

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