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The Evolution of Interim Management: From Past to Present and Future Challenges

This article explores the history and development of interim management from the late 1980s to its current £500m market landscape. Bill Penney, a consultancy specialist, shares insights on how interim management has evolved, including the formation of professional associations, market growth, and industry standards. The text delves into the key milestones, challenges, and future prospects for interims in various sectors like project management, start-ups, acquisitions, and more.

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The Evolution of Interim Management: From Past to Present and Future Challenges

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  1. Interims – here to stay!”Bill Penney BRITISH COMPUTER SOCIETY - CONSULTANCY SPECIALIST GROUP Tuesday 16th January 2007

  2. Bill Penney • 1988 - 91 Director of Resourcing, P-E International • CBI-Inbucon Temporary Executive Service • 1991 - 94 Questor (interim database for recruitment companies) • 1994 - Ashton Penney Partnership Limited 1998 -2000 Chairman, Interim Management Association 2000 Initiator, Institute of Interim Management 2003 SeniorManagementEurope 2005 AshtonPenney floats on AIM

  3. Evolution of Interim Management • Late 1980’s • Recession, de-layering, privatisation • 5 companies with a market of £20m • “Other people’s cast offs” • Formation of ATIES(Assoc of Temp & Interim Execs Services) • Marketing Co-operative • Code of Practice

  4. Evolution of Interim Management • Mid 1990’s • economy recovering • re-employed executives • interims with track records • Privatisation of the utilities • “provider” market grows

  5. Evolution of Interim Management • 1999 • ATIES becomes Interim Management Association www.interimmanagement.uk.com • “distress purchase” • to strategic investment • Launch of Institute of Interim Management www.ioim.org.uk

  6. Evolution of Interim Management • 2000 - 2005 • IR 35 • Professional Contractors Group • 2003 Employment Agency Act Regulations • “Opt-out” • OGC – S-Cat & Catalist Public sector 33% of all assignments

  7. Evolution of Interim Management • Today • a market of £500m • c.200 companies claim to be “providers” • IMA c.30 members • Differentiate Members from “also rans” • Quality – membership criteria • Marketing and PR for the industry • Industry Champion

  8. Gap Management • - to cover • sudden illness • sacking • maternity • secondment

  9. Project Management Start-ups Flotation Acquisition Turnarounds relocation system changes new markets, products and services

  10. Future Challenge • Interims are almost always “solo” appointments • Large consultancies field teams • Interim teams?

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