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.

Whether it is preparing someone to take over as the sole proprietor of a small business or a position of leadership in a corporation, business succession planning is essential to the long-term survival of a company. This course will teach you the difference between succession planning and mere replacement planning and how to prepare people to take on the responsibilities of leadership so that the company thrives in the transition.

Outline:

Module One: Getting Started

• Icebreaker
• Housekeeping Items
• The Parking Lot
• Workshop Objectives

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

Module Eight: Gaining Support

• Gathering Data
• Addressing Concerns and Issues
• Evaluating and Adapting

Module Nine: Managing the Change

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

Module Ten: Overcoming Roadblocks

• Common Obstacles
• Re-Evaluating Goals
• Focusing on Progress

Module Eleven: Reaching the End

• How to Know When You’ve Achieved Success
• Transitioning
• Wrapping it All Up

Module Twelve: Wrapping Up

• Words from the Wise
• Review of Parking Lot
• Lessons Learned
• Completion of Action Plans and Evaluations

For more information about this course, kindly contact us at:

[email protected]