Current trends and developments in Interim Management
Interim Management is a constantly evolving field that is characterised by current trends and developments. Some of these trends and developments are explained in more detail below.
Changes due to the COVID-19 pandemic
The COVID-19 pandemic has changed the world in 2020 and Interim Management is no exception. Many companies have been forced to react quickly to the changes and hire Interim Managers to ensure rapid adaptation to the new circumstances. The COVID-19 pandemic has also led to many companies turning to digital transformations and hire more digital Interim Managers.
Increase in female Interim Managers
The number of female Interim Managers has risen in recent years. According to a survey by the European Association INIMA (The International Network of Interim Manager Associations), 14% of Interim Managers are already female in 2021. One of the reasons for this could be that more and more women are establishing themselves as independent consultants and managers and the flexibility of Interim Management offers them the opportunity to combine career and family.
Growth of Interim Management in Asia
Asia is becoming an increasingly important market for Interim Management. According to a Report from Bridge is "The need for Interim Management in Asia enormous".
Growth is expected to continue as many companies are looking for experienced managers to expand their business in Asia.
Focus on sustainability and social responsibility
The increasing importance of sustainability and social responsibility (ESG) is also reflected in Interim Management. Many companies are looking for Interim Managers who can help them to introduce sustainable business practices and assume social responsibility.
Expertise in the Digital business transformation in great demand
The trend towards Interim Management in the area of digital business transformation has increased in recent years. More and more companies are recognising the need to adapt their business models to the rapidly changing requirements of the digital world. They are looking for experienced Interim Managers who can help them rethink their business strategies and implement the necessary changes. Interim Managers are able to help companies plan and implement their digital business transformation. They bring extensive experience in business development and technology implementation to help organisations make the necessary changes. Interim Managers can also help organisations to take advantage of new technologies while ensuring that they are in line with the organisation's business objectives.
Interim Management platforms
There is a growing number of online platforms (e.g. www.unitedinterim.com), which bring companies and Interim Managers together. These platforms offer companies the opportunity to find and hire qualified Interim Managers quickly and easily. Interim Managers can register on these platforms and present their profile in order to be found by companies.
Overall, these trends and developments in Interim Management are evidence that the business is evolving and adapting to meet the needs of organisations. Organisations looking for experienced managers who are able to respond quickly and effectively to change can benefit from these developments. Interim Managers should keep an eye on these trends in order to maximise their career opportunities and adapt to the needs of companies.
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