Business Succession Planning
- Description
- FAQ
- Notice
- Reviews
Business Succession Planning
The loss of valuable leadership can cripple a company. Business succession planning is essentially preparing successors to take on vital leadership roles when the need arises. Whether it is preparing someone to take over as the sole proprietor of a small business or a position of leadership in a corporation, business succession planning is essential to the long-term survival of a company. This course will teach you the difference between succession planning and mere replacement planning and how to prepare people to take on the responsibilities of leadership so that the company thrives in the transition.
Course Overview
Succession Planning Vs. Replacement Planning, Preparing for the Planning Process, Initiating Process, The SWOT Analysis, Developing the Succession Plan, Executing the Plan, Gaining Support, Managing the Change, Overcoming Roadblocks and Reaching the End
Who should attend?
HR Professionals, Managers, Team Leaders, Supervisors, Account Officers.
CURRICULUM
- Learning Objectives
- What is business succession planning?
- What is replacement planning?
- Difference between
- Recovery planning
- Case Study
BinderShould you establish a committee?How to gather operational dataCase Study
Develop a mission statementDevelop a vision statementChoosing to be a mentorCase Study
Identifying strengthsBe as detailed as possibleIdentifying opportunitiesCase Study
Prioritizing what the succession plan will addressSet goals and objectivesDevelop a strategy for achieving goalsDraft the planCase Study
Assign responsibility and authorityEstablish a monitoring systemIdentifying pathsChoosing your final approachCase Study
Gathering dataAddressing concerns and issuesEvaluating and adaptingCase Study
Developing a change management planDeveloping a communication panImplementing the plansProviding constructive criticismEncouraging growth and developmentCase Study
Re-evaluating goalsFocusing on progressCase Study
How to know when you have achieved successTransitioningWrapping it all upCase Study
This a special notice to all students that this is a test course. Thank you.
