A Fractional Executive, also known as a part-time executive, is an experienced executive who offers time and skills to companies on a part-time basis. Unlike a full-time manager or C-level who is permanently employed by a company, a Fractional Executive often works for several companies at the same time and divides their time accordingly.
Areas of application for fractional executives
The services offered by a Fractional Executive can vary from company to company, but generally include strategic decision support, project implementation support, team leadership support and business process improvement support.
Fractional Executives can be found in the areas of corporate management (CEO, COO), sales and marketing (CSO, CMO) or change management(CPO, CRO).
A Fractional Executive usually brings a wide range of experience from different industries and companies, which they can use to solve their clients' problems and help them achieve their goals.
Differences to the Interim Manager
A Fractional Executive differs from an interim manager in that they usually establish a long-term relationship with a company and act as part of the management team. An interim manager, on the other hand, is usually hired for a specific period of time to complete a specific task and does not usually have a long-term role within the company.
Fractional Executive book
Overall, a Fractional Executive company offers the opportunity to benefit from the experience and expertise of an experienced manager without the cost and commitment of a full-time executive. This can be particularly beneficial for smaller companies or companies in growth phases that cannot afford to employ a full-time executive or do not want to make a long-term commitment at this point.
The use of Fractional Executive is an interesting opportunity to benefit from business know-how immediately and in the long term and to implement your own idea with expert knowledge. Sven Martens is Fractional Executive from Düsseldorf.