Organizations lose senior operating talent for any number of reasons. Some are planned but most are unexpected and oftentimes create short-term operating challenges for executive leadership.
Alternatives for dealing with these leadership vacancies vary. In some cases other company leaders are asked to shoulder some of the load in addition to their existing responsibilities. In other cases a staff member from the departed leader’s group is tasked with stepping up and providing interim leadership. Most common is the manager of the departed leader takes on oversight of the impacted group with the expectation that the opening will be filled “soon.”
In all cases there is an increased likelihood that business performance will be impacted as strategic initiatives are likely to be set aside to focus on near-term performance metrics.
The IOI partners team offers a unique alternative that enables executive leadership to remain focused on strategic initiatives while having confidence that operational metrics will continue to be met. Our team has extensive experience leading teams in complex matrixed organizations as well as small entrepreneurial entities. We have excellent track-records of value creation across all functional disciplines in Life Sciences and Diagnostics companies.
Our methodology is flexible and collaborative. We partner with our client’s leadership team to clearly define and agree on issues to be addressed, establish goals and align our efforts with the company’s culture. We provide clients with results oriented deliverables and key performance indicators to track progress.
Should you find yourself in need of short-term operating talent to ensure valued corporate objectives continue to be met during the period of leadership transition IOI Partners can help. Our team is prepared to engage in short-term assignments (1-3 months) and will ensure your performance expectations are met while you focus on ensuring you get the best possible replacement candidate for the unexpected void in your team. Hiring talent is one of the most important roles of a senior leader as it will have more impact on long-term performance than any other action.
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