A Fractional Executive, also known as a part-time executive, is an experienced manager who offers time and skills to companies on a part-time basis. Unlike a full-time manager or C-level who is a permanent employee of one company, a Fractional Executive often works for several companies at once and divides his or her time accordingly.
Areas of application for Fractional Executives
The services that a Fractional Executive provides can vary from company to company, but generally include support for strategic decision-making, support for project implementation, support for team leadership, and support for business process improvement.
Fractional Executives can be found functionally in areas of business 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 typically establish a long-term relationship with a company and act as part of the leadership 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 incurring the costs and commitments of a full-time executive. This can be particularly advantageous for smaller companies or companies in growth phases that may not be able to afford the use of a full-time executive or do not wish to make a long-term commitment at this point.
The use of a Fractional Executive represents an interesting opportunity to benefit immediately and in the long term from business know-how and to implement one's own idea with expert knowledge. Sven Martens is Fractional Executive from Düsseldorf.