November 12, 2024
Picture you’re leading a little company, however you’re having a hard time to hire and pay for the senior skill you require to grow. You might employ a part-time executive. So-called “fractional management” prevails in start-ups and is infecting other companies and nonprofits. While a fast-growing number of senior leaders seek this work plan, numerous business are uncertain of how to go about it. Tomoko Yokoi and Amy Bonsall are professionals on the practice. Yokoi is a scientist at the TONOMUS Global Center for Digital and AI Transformation at IMD Business School. Bonsall is a previous executive at IDEO and Old Navy who works as a part-time chief item officer with a number of companies. They describe when and how fractional management works best– for the specific as well as the company– and how to do it. Yokoi and Bonsall composed the HBR short article “How Part-Time Senior Leaders Can Help Your Business.”