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
- 2 weeks
- 7–10 hours per week
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