Business succession planning

The key to business succession planning is readiness. Even the most resilient businesses can suffer greatly from the loss of important leadership. Any firm that wants to survive and develop must have a succession plan. Your participants will identify common hurdles and how to overcome them, whether the task is preparing an individual for retirement or developing staff members into leaders.

You will learn the distinctions between succession planning and simple replacement planning in our class on business succession planning. Selecting the best candidate for a position is only as crucial as preparing others to assume leadership roles. Any business should have a succession planning strategy in place.

INR 199 / USD 10

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