Glossary

What exactly does Interim Management mean?

Interim Management (from the Latin 'ad interim', meaning 'meanwhile' or 'for the time being') is a temporary form of Business Management. In German, it is sometimes referred to as 'Management auf Zeit.' 

'Interim Managers assume responsibility for outcomes in line management or project roles and depart once the problem is resolved, such as when stable new management is established or a project is completed'.
(Wikipedia) 

History of Interim Management.

Interim Management originated in the Netherlands and was introduced to Germany in the 1980s, particularly in response to restructuring needs following reunification. 

While Interim Management and Consulting share similarities, the key distinction is that Consultants typically provide conceptual solutions, whereas Interim Managers also implement these solutions. Interim Management is primarily applied within the first three management levels and specialist functions.

Advantages of Interim Management.

Due to their limited internal networks, Interim Managers can implement necessary but potentially unpopular measures with objectivity and composure, ensuring swift and results-oriented project completion. They focus exclusively on their assignments and do not engage in internal career development. 

Interim Management also offers cost advantages, as compensation is based solely on services rendered, without additional employment-related costs such as social security contributions, sick pay, or bonuses.