Expanded Managerial Capability: The Impact of Interim Managers on Advisory Boards

It is clear to no one that adaptability and informed strategic decision-making for our companies are crucial for long-term success. This is where the synergy between advisory boards and interim management stands out as an invaluable strategy, especially for CEOs or Boards of Directors looking to expand their managerial capacity and secure a sustainable competitive advantage.
Below, we launch some considerations of how this collaboration is not only feasible but essential, based on recent data that demonstrate its effectiveness and relevance in the Spanish business landscape.

The strategic role of Advisory Boards

Advisory boards, composed of experts from different fields, provide a valuable outside perspective and in-depth knowledge that can be the beacon guiding companies to success. Unlike boards of directors, their role is not executive but advisory, allowing for greater flexibility and creativity in their recommendations. Their objective is to advise management and governing bodies on critical decisions, expansion strategies, innovation and crisis management, among others.

Interim Management: Beyond temporary execution

On the other hand, interim management emerges as a powerful solution for leading specific projects, organizational transitions, or filling critical vacancies on a temporary basis. These professionals bring a wealth of experience, leadership and a results-oriented approach that is difficult to replicate with internal resources. What sets interim managers apart is their ability to not only execute strategies efficiently but also to leave a lasting impression on the organization through knowledge transfer and the strengthening of internal teams.

A strategic link: From Interim Managers to Advisors

The recent publication of our Interim Management Hiring Guide (5th edition) highlights a remarkable trend: 14% of the assignments undertaken by interim managers in Spain during 2023 have been in advisory roles to management or the board. This data not only underlines the versatility of interim managers but also their value beyond the completion of a specific assignment.

Maintaining a link with interim managers as post-mission strategic advisors leverages their deep knowledge of the business and their ability to offer perspectives that balance innovation with operational viability. For CEOs, this represents an exceptional opportunity to create or enrich their advisory boards with individuals who not only understand the theory behind business strategies but have demonstrated their ability to implement them successfully.

Integrated benefits for companies

• Strategic innovation: Interim managers' direct experience in strategy implementation enables them to bring innovative and practical ideas to the advisory board.
• Operational agility: The combination of strategic advice and execution enables companies to adapt quickly to market dynamics and overcome challenges more effectively.
• Strengthened management capability: The addition of interim managers to advisory boards broadens a company's management capability, bringing proven leadership and specialized expertise.
• Strategic and executive cohesion: This synergy ensures that strategies are not only robust and forward-looking, but also realistic and executable.

👉 Our recommendations

For CEOs looking to expand their companies' management capabilities, integrating interim managers into advisory boards is not just an option, it is a cutting-edge strategy that combines the best of both worlds: strategic vision and exceptional execution. By considering this approach, companies not only prepare to meet today's challenges but also equip themselves to capitalize on tomorrow's opportunities, with a team that deeply understands the essence of transformation and sustained growth.

Think about it, the future of our companies is at stake, and exdcutive talent can be the competitive advantage.

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