How to start an interim management mission?

Do you want to get out of a crisis situation, ensure the vacancy of a management position or support the strong growth of your company? The Transition Manager helps you achieve your goal. At NIM Europe we pay particular attention to the first moments of the mission. They define the essential milestones of a successful relationship. Follow our advice to find out how to start an Interim Management mission.

1. Analyze the company’s problems

A company calls on a Transition Management firm when it wants to respond to a specific problem. Our job is to analyze it carefully. This goes well beyond a simple observation of the situation, because it is necessary to clarify the customer’s expectations, identify their constraints and understand the issues.

To do this, becoming aware of the important facts that concern the company is essential. To do this, we communicate with the teams. Asking concrete questions is essential to accurately determine the human and material resources available to the company. These questions allow the management company to best support you throughout the transition mission. Relations will therefore begin with an inventory of the difficulties, possible solutions and the results that we can hope for.

The EMT must also know the structure and operating methods of the company well to develop the best strategy. At NIM Europe, we meet the specific expectations of your company in your sector of activity. The expertise and experience of our Managers will make it possible to quickly propose a schedule, a framework and an action plan to emerge from a crisis or bounce back better.

2. Find the right Interim Manager

For a successful mission, this first diagnostic phase remains crucial. It depends on the talent of the transition manager and the ability of the Interim Management Company to select him.

NIM Europe works with the Menway group and the international SMW network. It therefore benefits from a wide range of Interim Managers. However, the choice of mission director is essential to get the relationship off to a good start. He must have the profile best suited to the company’s problem. Everyone brings their own skill and expertise in their preferred areas. It can guide the company in crisis management, in its digital transformation, to improve its processes or increase its performance.

The job of Transition Manager covers a plurality of know-how and skills. These transition experts can carry out activities related to the financial sectors, digitalization, human resources and logistics. New challenges appear every year and our transition managers develop their skills and adapt to these different constraints. From then on, the company benefits from an operational manager with an informed and neutral vision. Far from internal political considerations, it offers an impartial and efficient analysis.

3. Establish an action plan

The roadmap is drawn up from the start of the mission. It is built point by point with the elements collected by the transition leader. It is in close collaboration with the transition cabinet that the objectives are established. They are defined with the partners and transcribed with clarity and precision. Indeed, the quality of the service and its degree of success also depend on collaboration between all stakeholders in the company.

To carry out monitoring, the Manager must determine, from the start, the tools which will be used to evaluate his actions. It sets up performance indicators. They help to limit interventions in a given time and to estimate their progress and effectiveness. Also, they must be clear and well developed. Stages mark out the mission. As the project progresses, the company may need to revise its expectations. With our transition expert, she makes adjustments throughout the mission thanks to the relevance of the indicators and regular monitoring.

Indeed, in transition professions, it is necessary to demonstrate great responsiveness to adapt to the context and improve operational implementation. It is the talent of our experts and their role as coaches that allows them to leverage market opportunities, growth levers and the company’s strengths.

4. Communicate with teams

The Manager must be able to count on working relationships based on transparency and trust. Communication is a key factor for the smooth running of your work. Ensuring team buy-in remains a necessary prerequisite for the full success of the project. As a preamble, a real dialogue must be established with general management and existing leaders.

Transition Management represents a valuable contribution that helps companies overcome difficult times or make the right transformations. To achieve this, at NIM Europe we believe that anticipation, listening and rigor in the organization of our missions are the key words that lead to success. We therefore ensure that privileged links are maintained throughout the mission. Opt for tailor-made monitoring and support with a contact chosen specifically for your problem!