- Experience with entire spectrum of business
- Ability to make strategic decisions
- Overall management often not addressed appropriately
- Position evolution
- Senior executive provides on-site service
- Team of specialists also supports
- On-site executive works to determine future approaches for company
THE CRISIS AND THE OPPORTUNITY
It doesn’t matter the size of your organization, loss or change of a key executive will often bring on a bit of a crisis. It raises the issue of who will do the work until you find the permanent replacement or the incumbent is back on the job. It may also be a chance to take a hard look at what has been going on in the position.
Is revenue declining? Expenses rising? Profit below target? Your accountant may be able to give you the financial profile of where you stand. However, accounting statements are a report card of how your business has been managed, but they do not tell you how to change it.
For that you need someone experienced with the entire spectrum of business – from market research to product/service development; from organization efficiency to evaluation of sectors; from goal setting to implementation; from financial reports to strategies that should be acted upon, before the next crisis. This knowledge along with the ability to make strategic decisions is what an executive manager does. A ‘financial’ crisis may be a ‘management’ crisis.
POSITION EVOLUTION
The skills or experience that allows the start of a company may be outgrown. As the business grows, the need for experienced overall management, instead of technical competence, is often not addressed appropriately. The business also needs to look for the future skills required to achieve strategic long-term goals. Replacing a missing manager with a temporary executive may be the opportunity to determine what the organization needs instead of covering the bases by distributing the work among those present.
THE SOLUTION AND THE VALUE
The experienced executive management team at P3 provides a unique service to address your management needs. Typically, a senior executive with the broad based skills needed provides on-site service with a team of specialists supporting them. Our on-site executive works daily, hand-in-hand, with you to determine the best approach for the future of your company. We can then help coach the returning executive, or help you find the right new executive.
If you would like to hear more about how we may help your company, please contact us. It may be the phone call that keeps you in business with an outstanding report card!