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Institute for Independent Business
The Institute for Independent Business (IIB) is a not-for-profit research and accreditation body established in 1984 to give independent businesses direct access to some of the country's top business people, and so bringing practical advice & timely ideas to the business. The IIB is now the largest organisation of its type in Europe with over 3,800 fully accredited Executive Associates, in 18 countries worldwide, working with businesses mostly within the 'small to medium sized' (SME) sector. IIB Accredited Executives are able to draw on one of the most comprehensive business support infrastructures in the world, during which time issues arising within any aspect of the business can be addressed. The IIB has five main aims:
The Importance of Small to Medium Sized businesses
According to national statistics, 99.5% of all businesses in the European economy employ fewer than 200 people, 98% employ fewer than 50 people and 96.4% employ fewer than 20 people! Clearly, the European economy is hugely reliant on the small to medium sized business. These figures illustrate the importance of providing high quality business advice to the SME sector rather than aiming initiatives at much larger companies who have the resources to buy in professional directors and expertise as required. However, business leaders in an SME environment do not typically have the luxury of this level of resource and expertise, and are generally expected to know everything, keep up with everything and do everything themselves. Clearly a very unsatisfactory situation. What about practical assistance?
Research, both by the Institute, and by several academic organisations, has indicated that the SME sector requires not only information and advice in order to survive and grow, but also practical assistance, preferably from more mature business executives who had 'been there, seen it and done it'. In order to be effective, a practical implementation phase is required. It is also evident that traditional pure consultancy is not generally appropriate as most larger consultancy practices are unable or unwilling to fulfil this need as their cost structures and style are generally not appropriate to the SME sector. Who are the IIB Executive Associates?
All IIB Executive Associates are themselves senior executives from any and every profession, background and industry imaginable. Generally, all IIB executives are mature business people with over 20 years senior management experience, either as Chief Executive, Managing Director, Finance Director or other Executive Board Directors, and having thus experienced first hand the pressures, stresses and joys of running a business. Many have started up, run and eventually sold their own businesses and others having run some of the best known businesses in the world. In short, IIB Executive Associates have 'been there, seen it, and survived to tell the story'! |
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