Interim Management is the provision of senior executives to manage change or transition on a short-term basis. The concept is prevalent in mature economies and is upcoming in India. More and more professionals today are open to exploring short-term high level engagements rather than committing themselves to one organization:
1. Sudden exit/loss of a senior executive
2. A sudden increase in workload
3. To guide management and staff through new methods or processes
4. Setting up a business
5. Closing down a business
6. Cost effectiveness
7. Managing acquisitions and mergers