Business Succession Planning | The Corporate Training School

Description

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. It is essential to the long-term survival of a company. Every company should have a form of succession planning in its portfolio as it is not the expected absences that can cripple a company, but the unexpected ones.

Whether it is preparing someone to take over a position of leadership in a corporation, or the sole proprietor of a small business, Business Succession Planning will teach you the difference between succession planning and mere replacement planning. How you prepare people to take on the responsibilities of leadership so that the company thrives in the transition is just as important as picking the right person for the job.

Course Curriculum

Introduction
- Course Objectives ..
Module 1
- Succession Planning Vs. Replacement Planning ..
- What is Business Succession Planning? ..
- What Is Replacement Planning? ..
- Differences Between ..
- Deciding What You Need ..
- Knowledge Check ..
Module 2
- Preparing for the Planning Process ..
- How to Set Parameters for the Planning Process ..
- Should You Establish a Committee? ..
- How to Gather Operational Data ..
- Knowledge Check ..
Module 3
- Initiating Process ..
- Develop a Mission Statement ..
- Develop a Vision Statement ..
- Choosing to Be a Mentor ..
- Knowledge Check ..
Module 4
- The SWOT Analysis ..
- Identifying Strengths ..
- Identifying Weaknesses ..
- Identifying Opportunities ..
- Identifying Threats ..
- Knowledge Check ..
Module 5
- Developing the Succession Plan ..
- Prioritize What the Succession Plan Will Address ..
- Set Goals and Objectives ..
- Develop a Strategy for Achieving Goals ..
- Draft the Plan ..
- Knowledge Check ..
Module 6
- Executing the Plan ..
- Assign Responsibility and Authority ..
- Establish a Monitoring System ..
- Identifying Paths ..
- Choosing Your Final Approach ..
- Knowledge Check ..
Module 7
- Gaining Support ..
- Gathering Data ..
- Addressing Concerns and Issues ..
- Evaluating and Adapting ..
- Knowledge Check ..
Module 8
- Managing the Change ..
- Developing a Change Management Plan ..
- Developing a Communication Plan ..
- Implementing the Plans ..
- Providing Constructive Criticism ..
- Encouraging Growth and Development ..
- Knowledge Check ..
Module 9
- Overcoming Roadblocks ..
- Common Obstacles ..
- Re-Evaluating Goals ..
- Focusing on Progress ..
- Knowledge Check ..
Module 10
- Reaching the End ..
- How to Know When You’ve Achieved Success ..
- Transitioning ..
- Wrapping it All Up ..
- Knowledge Check ..
Assessment
- Post-Test ..