BUY COURSE NOW - online self directed

Business succession planning is all about being prepared. Our Business Succession Planning workshop will show you the differences between succession planning and mere r eplacement planning. How you prepare people to take on leadership responsibilities is just as important as hiring the right person for the job. Every company should have a form of succession planning in its portfolio. The loss of valuable leadership can cripple even the strongest of companies. Succession planning is an essential component to the survival and growth of any business. Whether it is grooming employees to become leaders, or preparing for an employee's retirement, participants will identify common obstacles and learn key strategies on how to overcome them.

Course Objectives:

• Define business succession planning and its role in your company
• Lay the groundwork to develop a succession plan
• The importance of mentorship
• Define and use a SWOT analysis to set goals
• Create a plan, assign roles, and execute the plan
• Communicate to develop support and manage change
• Anticipate obstacles, and evaluate and adapt goals and plans
• Characterize success

Course Outline:


Business Succession Planning

Module One: Succession Planning vs. Replacement Planning

• What is Business Succession Planning?

• What Is Replacement Planning?

• Differences Between the 2 types of planning

• Deciding What You Need

Module Two: Preparing for the Planning Process

• How to Set Parameters for the Planning Process

• Should You Establish a Committee?

• How to Gather Operational Data

Module Three: Initiating Process

• Develop a Mission Statement

• Develop a Vision Statement

• Choosing to Be a Mentor

Module Four: The SWOT Analysis

• Identifying Strengths

• Identifying Weaknesses

• Identifying Opportunities

• Identifying Threats

Module Five: Developing the Succession Plan

• Prioritize elements of the Succession Plan

• Set Goals and Objectives

• Develop a Strategy for Achieving Goals

• Draft the Plan

Module Six: Executing the Plan

• Assign Responsibility and Authority

• Establish a Monitoring System

• Identify Paths

• Select Your Final Approach

Module Seven: Gaining Support

• Gathering Data

• Addressing Concerns and Issues

• Evaluating and Adapting

Module Eight: Managing the Change

• Developing a Change Management Plan

• Developing a Communication Plan

• Implementing the Plans

• Providing Constructive Criticism

• Encouraging Growth and Development

Module Nine: Overcoming Roadblocks

• Common Obstacles

• Re-Evaluating Goals

• Focusing on Progress

Module Ten: Reaching the End

• How to Know When You’ve Achieved Success

• Transitioning

• Wrapping it All Up

Module Eleven: Assignment Review / Wrap Up