5 Benefits of an Executive Subscription Model
Fractional executives are oriented around the critical needs of the organization they serve.
The fractional executive can adjust with the growth of the company and change focus to lead and manage in critical areas so that founders can remain focused on what is most critical for growth. This is especially beneficial for founders and business owners of startups and high-growth companies who must remain hyper-focused on customers and top line growth.
Founders can often struggle to maintain healthy and efficient internal systems and talent management necessary to sustain growth.
At the same time, traditional full-time executives often are not as flexible and focused as the founder because they have to consider their own career development, job title, projects, budgets, and comparative place in the hierarchy.
Though fractional executives are outside consultants,
The company gains access to C-level talent
the engagements are role-based (COO, CFO, CIO, CMO, SVP, VP, etc) through which ongoing services are provided as opposed to project-based
the engagements are more long-term, relational, and measured along broader organizational goals vs discreet project goals.
Whereas a traditional full-time executive may bring fresh insights gained from board roles,
fractional executives often bring a fresh flow of diverse insights because of the continual exposure to methods, cultures, industries, and insights from their clients.
Similar to traditional full-time executive roles,
the fractional executive develops growth strategies and manages the execution of these efforts through internal teams.
these engagements are typically budgeted as part of the management team with the typical executive expectations: achieve goals for top line and/or bottom line growth.