Business Succession Planning 1 Day Virtual Live Training in Seoul
Course Description: Business succession planning is all about being prepared. 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 your participants will identify common obstacles and how to overcome them. Our Business Succession Planning workshop will show you the differences between succession planning and mere replacement 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. Target Audience: Anybody who is interested in learning Business Succession Planning Learning Objectives: In this course participants will: Learn the importance of succession planning Understand the process of succession planning Recognise the importance of mentoring as a component of your plan Learn to set goals using a SWOT analysis Draft a plan, assign responsibilities and establish monitoring systems Understand the importance of change management Learn to anticipate obstacles Know how to re-evaluate goals and focus on progress Recognise when success has been achieved Prerequisites: None Course Materials: Students will receive a course manual with presentation slides and reference materials. Technical Requirements: For eBooks: Internet for downloading the eBook Laptop, tablet, Smartphone, eReader (No Kindle) Adobe DRM supported software (e.g. Digital Editions, Bluefire Reader) eBook download and activation instructions Agenda: Module One: Succession Planning Vs. Replacement Planning What is Business Succession Planning? What Is Replacement Planning? Differences Between Deciding What You Need ModuleTwo: 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 What the Succession Plan Will Address 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 Identifying Paths Choosing Your Final Approach Module Seven: Gaining Support athering 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: Wrapping Up Words from the Wise Review of Parking Lot Lessons Learned Completion of Action Plans and Evaluations Certification: Once after the training you receive course completion certificate from Mangates
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