What is an On Demand or Fractional Executive?
A seasoned leader who helps drive and accelerate achievement of desired outcomes for a specific project or time period. These proven and seasoned leaders seek fulfillment through enabling others to achieve their goals, coaching and mentoring, and passing on the lessons learned, and wisdom gained in their career.
Why have an On Demand or Fractional Executive instead of a full-time executive?
Organizations believe it is necessary to hire a full-time executive, and within 3-6 months it becomes clear the expertise is only need it at key crossroads and they can hire at a manager to execute projects and develop plans at a lower expense. Essentially, hiring a Fractional or On-Demand executive is the best value when viewed thru the lens of expense control and resource optimization. The approach, when executed properly, eliminates waste.
Most startup and small to mid-market size firms, businesses and organizations do not have the budget or steady demand for all the desired full-time, experienced executives. In other cases, a fractional or on-demand executive can add value when needed to support and lead more junior staff (i.e., non-executive staff) thus reducing overall costs for delivering the desired outcome.
How Can an On Demand or Fractional Executive Benefit You and Your Business?
A fractional or on-demand executive does all the same things a full-time executive. The advantage differentiator is your company gets the senior leadership that it needs, exactly when it is needed without the traditional associated costs of a full-time executive.
Are On Demand or Fractional Executives a new idea?
The concept of a Fractional or On-Demand Executive or any non-executive is not new. Companies have been doing it in various forms for decades since the introduction of “supertemps” in 2012 (Harvard Business Review). What has changed, however, is the normalization of digital communications since the start of the COVID pandemic, the continuing rise of the gig economy and an ever-expanding labor pool of seasoned executives seeking these roles.
The resulting availability of experienced talent at a fraction of the traditional cost, is a game changer for startups and small to mid-size companies. Quite simply. It is a revolution that works for companies and individuals alike supported by structural changes in the ability to communicate and collaborate at anytime and anywhere in the world whenever the need arises.
How do you find the best On Demand or Fractional Executive for your needs?
These are initiative-taking and inspired leaders with a rich tapestry of diverse experiences attained through decades of experience with a diverse set of companies. Fractional executives are not limited to CEOs, CFOs, CMOs, etc. We at Longview Leader Corporation offer fractional executives in the governance risk and compliance space. These executives bring credibility, integrity, trust and a seasoned independent fresh perspective to help you navigate through the intersection of strategy and risk management.
As companies scale, maintaining alignment with growth and operations is critical to avoid losses and negative customer experiences. Our fractional executives can partner with you on positioning data protection and privacy as market differentiator, having effective operational practices that reduce your errors and omissions insurance premiums to setting up compliance routines that compliment your service delivery than slow execution.
We believe the most successful Fractional Governance Risk and Compliance Executives are in their ‘third careers.’ That is to say, they have done the groundwork, they have been in the seat of full-time leaders, surrounded by other senior executives, and they are no longer striving to build that kind of competitive momentum in their own careers. They are motivated by interesting projects, fulfillment and freedom, and when they come to your business they are not coming with ego and agenda to compete with other egos in your business. They are not involved in office politics; they have no agenda other than collaborating with you. They are there to support business leaders and their teams. At Longview Leader we take the fractional and on-demand concept to the next level with our Longview Principles.
Contact Longview Leader Corporation today and get access to top talent on demand for risk management, internal audit and compliance, manufacturing, R&D/Innovation project management (PMO), leadership and organizational development. Our team is ready to help you accelerate growth now.
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