What is Interim Management? Definition and meaning

Interim Management

Definition: Interim Management is the temporary provision of management resources and skills, typically in the form of a short-term, temporary assignment of an interim manager, until a permanent manager becomes available. Interim managers are attracted for a certain time to take charge of a department or an entire organization.
They are often external persons, from outside the organization. Typically they are proven, experienced, heavyweight, executive managers, capable to manage a period of transition, crisis or strategic change within the organization. In such situations, there may be nobody internally who is suitable and willing to take up the required position on short notice.

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