is the prompt deployment of management resources and skills to a short-term assignment that usually lasts three to nine months; in the same manner as management consultants, an INTERIM MANAGEMENT team will advise and offer a number of different solutions and suggestions. Beyond the scope of a consultant, INTERIM MANAGEMENT is embedded in the organization and offers their particular skills and experience to the situation, providing the constant managerial presence needed to implement the project.
Accordingly, in addition to advice, the INTERIM MANAGEMENT business model provides the possibility of having experts in the required disciplines implementing and adapting solutions, and operating within the organization actively executing the plans and processes they have recommended. INTERIM MANAGEMENT takes responsibility, beyond the ADVISORY role, and manages a business project independently with a degree of stewardship that is instrumental to the project delivery.
Generally, the decision to engage INTERIM MANAGEMENT is made when an organization faces a crisis, substantial internal change or, when it begins exploring the opportunity that leads to a sudden geographical expansion, and, typically in this case, it has little time and significant levels of uncertainty – making it difficult to allocate permeant roles. Additionally, INTERIM MANAGEMENT offer rapid access to managers with particular, specialist skills during times when the company lacks resources amongst its internal talent, such as during an acquisition, START-UP or development phase.
RETAIL management is multifaceted. Vertical brands are working through numerous channels and are exposed on several geographical fronts in a continuously changing mode that is accelerated by the pace of digital transformation. They need to run their organization according to adequate operation flow designs that are able to cope with brand representation as well as profitability requirements.
Among many aspects this challenging environment requires organizations to: create and constantly upgrade concept and brand products, properly manage the brand expression, widen commercial channels, internationalize the company presence, and groom diverse international teams within multinational networks. Essentially, brands need to have a management and operational structure that is always able to inspect and adapt to an array of different requirements and challenges around the world.
At times in their development brands are likely to experience internal growth issues in terms of managerial requirements, such as needing to acquire specialized knowledge with regards to some processes, have access to unbiased advice on the launch of strategies, direct adequate attention to all regions, develop a more concrete exchange among subsidiaries, and establish efficient communication links with stakeholders. In these cases, the company needs to overcome the situation and acquire rapid BUSINESS ALIGNMENT as well as an efficient knowledge transfer process throughout the different levels of the organization, while remaining able to harvest talent at the central headquarters as well as in the operations at the periphery.
The challenge an organization faces is to maintain the capacity for routine work and performance levels, whilst protecting and developing its teams, and also acquiring new knowledge. With time and experience, companies are likely to directly acquire the knowledge, service level and experience that enable them to achieve their goal. Often times however, the company faces sudden changes or crisis, or decides to develop before acquiring the necessary experience and talent. In these cases, the company needs to rely on the support and help of external providers that supply information and managerial skills.
From Europe to China and Japan, Praxis helps companies that are looking for additional resources and experienced practitioners in order to translate strategic plans into effective tactical process management, globally or within a specific network, country or region. It also supports clients that are already operating in global markets through corporate structures, but need an extra task force deployed ad hoc to implement and execute a project.
Praxis acts as INTERIM MANAGEMENT embedded within the client’s organization, managing projects related to corporate offices, as well as integrated distribution networks, with the objective to improve the company’s capacity to deal with the changes inherent to a specific market segment, or a multi-market functional segment.
Understanding the complexities of developing a brand, launching a concept, or expanding its category representation and/or geographic spread into unknown markets, Praxis helps its clients face environmental challenges such as the need to provide consistency and to manage local socio-economic, political and lifestyle differences.
Praxis provides its expertise in the brand and RETAIL business, managing teams, dealing with changes and crisis, providing support services or simply managing the existing business on the client’s behalf. Focused on the tasks at hand, it effectively transfers its knowledge, training staff and guaranteeing the success of the assignment.