Business Succession Planning

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, participants will identify common obstacles and how to overcome them.

Our two hour Business Succession Planning course 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 business plan.

Completing this course will confer 2 CPD Credits towards internationally recognised Continuous Professional Development Requirements within organisations operating this kind of staff development methodology.

Course Outline

Module One: Getting Started

Module Two: Succession Planning Vs. Replacement Planning

• What is Business Succession Planning?
• What Is Replacement Planning?
• Differences Between
• Deciding What You Need

Module Three: Preparing for the Planning Process

• How to Set Parameters for the Planning Process
• Should You Establish a Committee?
• How to Gather Operational Data

Module Four: Initiating Process

• Develop a Mission Statement
• Develop a Vision Statement
• Choosing to Be a Mentor

Module Five: The SWOT Analysis

• Identifying Strengths
• Identifying Weaknesses
• Identifying Opportunities
• Identifying Threats

Module Six: 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 Seven: Executing the Plan

• Assign Responsibility and Authority
• Establish a Monitoring System
• Identifying Paths
• Choosing Your Final Approach
• Case Study
• Review Questions

Module Eight: Gaining Support

• Gathering Data
• Addressing Concerns and Issues
• Evaluating and Adapting
• Case Study
• Review Questions

Module Nine: Managing the Change

• Developing a Change Management Plan
• Developing a Communication Plan
• Implementing the Plans
• Providing Constructive Criticism
• Encouraging Growth and Development
• Case Study
• Review Questions

Module Five: Overcoming Roadblocks

• Common Obstacles
• Re-Evaluating Goals
• Focusing on Progress
• Case Study
• Review Questions

Module Eleven: Reaching the End

• How to Know When You’ve Achieved Success
• Transitioning
• Wrapping it All Up
• Case Study
• Review Questions