Fractional executives are professionals that provide part-time managing services to businesses on a for-hire basis. These leaders have typically held positions such as senior vice president, chairperson, vice president, or director in a corporate context.
Fractional
executives might work as freelance consultants or as part of a consulting firm.
They are not, however, consultants in the traditional sense, because they take
on active leadership roles or executive positions in the organisations that
employ them, implementing changes and driving the organisation in the same way
that their long-term partner would.
They
are hired on a project basis, for a set amount of time, or on a retainer basis,
but they do not work for a specific organisation all day. Interim executives
are another name for them. The advantages of hiring such professionals include
their experience and the fact that they do not require a full-time position.
Leading Fractional Executives in Canada,
Cornerstone puts in the time and effort to learn about your company, the
circumstances, what you need a leader to accomplish, and the outcomes you
require. Later, from our entire business, selects the top leaders who best
reflect the foundation, aptitude, culture, and explicit attributes that our
clients require.
Cornerstone
Interim Management Services include the following as a prominent Interim Executive Search Firm in Canada:
a. Unusual
Business Situations
An Interim Executive can
fill a power vacuum, lead a vital initiative, and provide specific skills and
information. Filling an unfilled chief position, turning around clear
operational failures, pre and post consolidations and acquisitions, key
arranging, new item or new market development, stale or declining incomes, and
planning for the sale of the company or division are all common scenarios.
- Fractional Executives
If the company only
needs someone for a few days a week as CFO, HRD, or Market Entry Advisor,
fractional executives usually service a number of non-contending clients.
Customers and would assign Monday and Tuesday to Client A, Wednesday to Client
B, and so on, so that the firm has a clear understanding of when they are
ready. This is an excellent option for customers that don't need a full-time
C-suite executive or who seek a more practical solution.
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