We assigned the interim a project to prepare a P&L statement only for the new products tech transfer products. He completed the P&L providing critical information to senior management necessary to plan and execute a cost restructuring. Also, we had a positive realignment among the functional departments as a result of the new information the interim provided.
Cerius Insights: A company whose organizational structure does not change in response to changing needs and requirements will always lag behind its competition.
Cerius Insights: Interim operations executives help put into place lean practices, establish processes, procedures, and accountability, establish the infrastructure to support it at the next stage of growth or help identify and improve profit margins.