The idea of hiring a successful CEO with vast experience in the very kind of crisis your company is facing, just briefly sufficient to help you through it, would probably cross your mind at a certain time as you struggle to pick up the pieces.
These possibilities do exist today and are referred to as interim management. And it's one of the most current types of management approaches for mending to appear in recent years.
An interim manager is a highly skilled and specialised executive who could be hired for a short duration of time to solve a particular business problem.
The minimum time period an Interim manager may fill the role is up to 18 months or longer.
They are completely dedicated to their work. They are not part of the regular staff, costs can be kept low. Collaboration with the company on a temporary basis.