Business Succession Planning Course

Business Succession Planning Course

Course 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.

Learning Outcomes

At the end of this course, you should be able to:
  • Define busi­ness suc­ces­sion plan­ning and its ole in your company.
  • Lay the ground­work to develop a suc­ces­sion plan.
  • The impor­tance of mentorship.
  • Define and use a SWOT analy­sis to set goals.
  • Cre­ate a plan, assign roles, and exe­cute the plan.
  • Com­mu­ni­cate to develop sup­port and man­age change.
  • Antic­i­pate obsta­cles, and eval­u­ate and adapt goals and plans.
  • Char­ac­ter­ize success.

Course Features

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MODULES
Module One: Getting Started
Module Two: Succession Planning Vs. Replacement Planning
Module Three: Preparing for the Planning Process
Module Four: Initiating Process
Module Five: The SWOT Analysis
Module Six: Developing the Succession Plan
Module Seven: Executing the Plan
Module Eight: Gaining Support
Module Nine: Managing the Change
Module Ten: Overcoming Roadblocks
Module Eleven: Reaching the End
Module Twelve: Wrapping Up

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