Despite the current economic climate and companies’ temptations to adopt defensive tactics, interim executives are encouraging growth.
The top priority for UK companies according to interim executives polled by Interim Partners is organic growth. This is based on the views of the majority (50%) of interim respondents, followed by managing the business for cash (20%) while 12% said companies should focus on debt.
These views have changed from last year when organic growth was only a priority for 34% of interims, while managing the business for cash was a priority for 31%.
Doug Baird, Managing Director, Interim Partners, says: “Businesses are nervous because of the Eurozone crisis. Many are adopting very defensive tactics like hoarding cash and reducing debt. Interims say that this is the wrong approach and they should be planning for cautious growth.
“Many more interim managers are encouraging UK businesses to continue to invest in growth than last year, despite the slow growth of the economy.”