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Wanted: Good Management in a Hurry

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Wanted: Good Management in a Hurry

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What are are your options when you need good management in a hurry for change management, crisis management, managing redundancy, conducting and IPO: recruitment versus management consultants versus interim management

What are are your options when you need good management in a hurry for change management, crisis management, managing redundancy, conducting and IPO: recruitment versus management consultants versus interim management

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Wanted: Good Management in a Hurry

  1. 1. This is the story of...
  2. 2. This is the story of Chris
  3. 3. THE MD HAS JUST RESIGNED. HE’S NOW SETTING UP A COMPETING BUSINESS. THERE IS ABSOLUTELY NOBODY WHO CAN TAKE HIS PLACE. WHAT’S GOING TO HA PPEN NEXT?
  4. 4. This is the story of Jane
  5. 5. WE’VE JUST LOST OUR MAJOR CONTRACT. WE NEED TO MAKE A LOT OF PEOPLE REDUNDANT. WE NEED TO CHANGE THE WAY WE WORK. WHE RE DO WE START?
  6. 6. This is the story of Ben
  7. 7. WE ARE GOING THROUGH AN IPO. WE’VE TAKEN THE BUSINESS FROM NOTHING TO WHERE WE ARE NOW. BUT NONE OF US KNOWS HOW TO DEAL WITH THIS. WH AT SH OULD WE D O?
  8. 8. What dothey have in common?
  9. 9. They all need...
  10. 10. But where to find one?
  11. 11. Let’s start with what they need...
  12. 12. READY TO START NO W! NOT IN 6 MONTHS... NOT AFTER THEIR GARDENING LEAVE IS OVER... IN FACT, NEXT WEEK COULD BE TOO LATE
  13. 13. WITH T HE RIGHT E XPE RIENCE WE HAVEN’T GOT TIME TO TRAIN A NEW PERSON. WE NEED A “PROBLEM SOLVER” - AND OUR PROBLEMS CANNOT WAIT
  14. 14. OBJ ECT IV E WE HAVE ENOUGH CORPORATE POLITICS. WE NEED A FRESH PERSPECTIVE. SOMEBODY WHO JUST CONCENTRATES ON WHAT’S BEST FOR THE BUSINESS
  15. 15. HANDS- ON AND AC COUNTABLE TIMES ARE TOUGH. WE NEED SOMEBODY WHO HAS BRILLIANT IDEAS, CAN MAKE THEM HAPPEN – AND IS HAPPY TO BE JUDGED ON THE RESULTS
  16. 16. Who fits the bill?
  17. 17. Who fits the bill? A new appointment?
  18. 18. Who fits the bill? A new appointment? A management consultant?
  19. 19. Who fits the bill? A new appointment? A management consultant? An interim executive?
  20. 20. Let’s compare the options...
  21. 21. LET’ S AP POINT SOME BODY NEW! AFTER ALL WITH THE RECESSION THERE ARE PLENTY OF PEOPLE LOOKING FOR A JOB
  22. 22. But...
  23. 23. What’s more...
  24. 24. “ There is a paradox of scarcity amidst plenty. Today’s high unemployment “ does not mean the talent will be there when you need it. Source: Deloitte, “Has the great recession changed the talent game?” – April 2010
  25. 25. L E T ’ S G E T A M A N A G E M E N T C O N S U LT A N T ! THEIR ANALYTICAL SKILLS ARE UNSURPASSED. THEY TAKE A BROAD VIEW OF ALL THE STRATEGIES FOR IMPROVEMENT. IF YOU CANNOT TRUST THE BRIGHTEST MBAs, WHO CAN YOU TRUST?
  26. 26. But...
  27. 27. £1,0 0 0 = gr a du a t e c o n s u lt a nt d ai l y r at e
  28. 28. And...
  29. 29. “ We are the trusted “ advisor to the world’s leading businesses, governments, and institutions. Source: www.mckinsey.com
  30. 30. “ We are the trusted “ advisor to the world’s leading businesses, governments, and institutions. Source: www.mckinsey.com
  31. 31. DON’T YOU NEED MORE THAN ADVICE? WHAT HAPPENS AFTER THE CONSULTANT LEAVES? WHO’S GOING TO IMPLEMENT THE STRATEGIES? WHO IS RESPONSIBLE FOR “ SUCCESS OR FAILURE? We are the trusted leading businesses, governments, and “ advisor to the world’s institutions. Source: www.mckinsey.com
  32. 32. LE T’S G ET AN INTE RIM EX ECUTIVE! THEY ARE HIGHLY EXPERIENCED (OVER-QUALIFIED, EVEN), THEY CAN START IN LESS THAN A WEEK AND THEY IMPLEMENT AS WELL AS THINK.
  33. 33. NEW APPOINTMENT MANAGEMENT CONSULTANT INTERIM EXECUTIVE
  34. 34. NEW APPOINTMENT MANAGEMENT CONSULTANT INTERIM EXECUTIVE
  35. 35. NEW APPOINTMENT MANAGEMENT CONSULTANT INTERIM EXECUTIVE
  36. 36. NEW APPOINTMENT MANAGEMENT CONSULTANT INTERIM EXECUTIVE
  37. 37. NEW APPOINTMENT MANAGEMENT CONSULTANT INTERIM EXECUTIVE
  38. 38. NEW APPOINTMENT MANAGEMENT CONSULTANT INTERIM EXECUTIVE
  39. 39. But does interim management work?
  40. 40. “ One of the advantages of interims is that you have a ‘heavyweight, hands-on’ “ manager on site. you get the benefit of an outsider with a lot of experience, at a cost which is roughly half that of a management consultant I. McKinnon, Former CEO, Luxfer Group (a £200m MBO from Alcan)
  41. 41. “ We needed considerably more We therefore chose a “ than a stopgap solution. heavyweight interim with FTSE 100 experience. We have since used interim executives on further occasions P. Hird, former Personnel Director, ITV plc
  42. 42. “ BIE provided a first rate “ individual to manage a critical component of our people strategy and the results were superb - a substantial ROI and enhanced organisation capacity L. Jack, TK Maxx
  43. 43. “ “ Quick fixers with lasting value Alison Maitland, Financial Times
  44. 44. Where next?
  45. 45. And just talk to us...
  46. 46. www.bieinterim.com 020 7222 1010 crispin@bieinterim.com

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