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The Executive Newsletter of TheOfficialBoard

Transition management

By Dominique Langlois & Frederic Marquette, EIM

26-nov-eim-dream-team1Balancing Excellence and Urgency is a hard, daily challenge for many executives.

In addition to staying top of the daily business life, executives may face unexpected exceptional circumstances such as the long-time absence of a key man, a deep organizational change, the integration of new company, a heavy restructuring because of a lower volume or a sharp cost increase, redefinition of target market or niche, or the launch of a new activity abroad.

When managing all this calls for specialists, that is the everyday business of a few Transition Management Firms.

How does it work? We have built an important pond of highly seasoned executives including all kinds of management roles in all the industries. Those executives can be asked to contribute for a few weeks (experts), a few months (transition) or a few years (recruiting). Most executives can be available for the customers within days.

How are selected the executives? Our executives have been identified because of their solid academic training, of their professional backgrounds and their concrete achievements in the various positions they held. As for any hiring, we only add them in our database after serious reference checkings and in-depth interviews.

How do they work? As soon as they start working for our customers, those managers are permanently assisted by one of our Partners. They all come from top management consulting firms with valuable operational experiences including executive roles. The manager needs to execute fast decisions, to understand key strategic elements, and take the right measure of the environment. This high level assistance is key ingredient for the success of the mission. Even if the challenges are new, the stakes are big and the customers’ expectations are high. A partner will assist the manager with wisdom and seasoned experience.

Dominique Langlois and Frédéric Marquette are Partners at EIM, a leading transition management firm with 15 offices in Europe, Asia and in the US.  EIM has carried out over 6,000 missions in the last 20 years and has over 15,000 high level executives available on demand.

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