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

Related

---