By Thomas Reid, Sep 22 2014 06:03AM
International aspirations feature high amongst many interim managers. The idea to showcase their skills and experience abroad is attractive and adds eye-catching experience to any interim’s CV. Business challenges are universal and with companies seeking to tap into the developing market of the world’s second largest economy, China presents the ideal environment for an interim to apply their skills.
Despite growth slowing as large scale structural transformation of the economy continues, the Chinese economy still grew by 7.4% as of Q3 for 2014. Whilst marginally lower than previous figures it still provides significant opportunity for development within the region. China continues to show potential for foreign investors across multiple industries to expand in the form of joint ventures, mergers, acquisitions and start up projects. The willingness of outside investors in turn presents attractive options for local enterprises as they seek to expand regional operations whilst at the same time giving them a more global reach.
New arrivals are not the only source providing opportunities for utilizing interims. Many projects arise from the challenges facing companies that already have a foothold in the region. These can take on the form of restructurings, turnarounds, downsizing and expansion after initial success. Such projects crave the experience head who can hit the ground running without any time to adjust resulting in faster results.
Success in such ventures is easier said than done. Extensive planning with clear goals must be set with success requiring cooperation between cultures of multiple global sites. Leaders with the experience to oversee projects of such international diversity are not always easy to find when recruiting internally, highlighting the need for externally sourced managers. This presents the ideal scenario for Asia’s interims to influence the Asian market. Their international experience resulting from a lifetime of full time work coupled with interim assignments gives them a unique insight within their industries. This allows them to engage all sets of stakeholders and transform their understanding of the local market into putting in place the necessary management structure and operational procedures to ensure assignment success.
At Interim Management Solutions (IMS), during the last year we have seen many interims applying their skills and experience to influence the market through completion of successful assignments. Below is a list of a few assignments across various industries and fields where interims have been effective deployed in securing completion of project targets.
Home Appliance Electronics – Interim Sourcing Director
Food and Beverages – Interim Country Manager
Glassware Manufacturing – Interim Supply Chain Manager
Jewelry – Interim CIO
Manufacturing Solution Services – Interim APAC Sales Manager
Home Appliances (vacuums) – Interim Quality Director
Interims are more important than ever in the China and APAC regions given the vast rewards that are on offer. Successfully tapping into this potential often requires complex projects that not only need an experienced head but upon completion do not require a permanent addition to the full time staff. Whilst China continues to be the holy-grail for companies seeking expansion, there will always be opportunities for interims to assert their influence in the regions markets.
Interim Management Solution