The toolbox that makes interim managers successful

Patrik Norgren, Interim CFO with over 40 assignments under his belt, has seen how interim management has changed. Companies have become more accustomed to hiring interim managers - but with that comes increased demands for competence and delivery.

Acceptance of interim managers has increased, but with that comes higher expectations. "Companies expect us to be able to analyze, manage and drive change quickly - and it's important to have the right tools to deliver," says Patrik Norgren.

So what is it that separates a successful interim manager from one who struggles to get to grips with the job quickly? The answer lies in the toolbox - the combination of experience, theory and methodology that enables you to get it right in every situation.

A well-stocked toolbox - more than just experience

Patrik has held leading roles in companies such as Beijer Byggmaterial AB, Indiska AB and ÖoB AB, where he has handled everything from economic efficiency improvements and management of complex financial processes to change management in international operations.

But relying on past experience alone is no longer enough. As the pace of change accelerates and interim managers face increasingly complex assignments, they need a broader foundation to stand on.

I think it is very good to have a training where you can go through different cases from reality and bring them into new situations. It's an opportunity to build on the toolbox you already have.

The toolbox of an interim manager consists of three parts:

• Experience from previous assignments - insights and solutions from similar situations
• Theoretical models and frameworks - a structured approach to analyzing and managing organizations
• Real-life cases and lessons learned from other interim managers - understanding how others have solved similar challenges makes it easier to do the right thing.

Combining practical experience with a theoretical foundation is one of the key building blocks to becoming an even better interim manager. You need both.

Competing as an interim manager - the right tools make the difference

The industry has changed. It's no longer enough to just be an experienced leader - interim managers need to have business acumen and a broad understanding of the methods and tools that drive results.

I have encountered many different situations in my assignments, but thanks to the experience I have gained, I now know better how to act. Whether it's a project or a line position, it's the toolbox that determines how quickly you can get into the role and deliver results.

In an increasingly competitive market, the interim manager with the right tools, the right processes and a broad understanding of business challenges will be the one who wins the business.

Secure your place in Sweden's first academic program for interim managers

During the period May 12-16, Sweden's first academic training for interim managers will be held at the Gothenburg School of Economics. The program is developed in collaboration between Interim Search and the School of Business, Economics and Law at the University of Gothenburg.

For more information and to apply for the training, read here.