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Interim management originated in the 1970s in the Netherlands as a means of gaining flexibility, since termination periods for employees were very long and therefore one could not react to changes in the market without incurring considerable costs. In the 1980s this model was adopted in the UK and finally transferred to Germany.
Until a few years ago interim management was strongly associated with the subject-matter of recapitalisation, since that is certainly where the concept originated. However â€“ by now the scope of Interim Management-tasks greatly expanded.
Interim managers (lat.: ad interim: meanwhile, temporary) are defined as business executives in top management, who temporarily assume executive functions and who, in contrast to corporate consultants, take profit responsibility for their work. They leave the company once the problem is resolved and a stable new corporate management- or department organisation is established, or respectively after the relaunch of the respective strategic unit. (Source: Wikipedia)
(Source: Vera Bloemer â€śInterim Managementâ€ť)