Business Succession Planning

Business Succession Planning  

Business Succession Planning

  Duration:1 day course
  Effort:3 -5 hours
  Category:Human Resources
  Level:Mid-Career
  Language:English
  Institution:iEdge Consulting Ltd
  Price:US$150 Special Offer US$79

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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.

Designed for

  • Managers, Supervisors and leads.
  • Teams.

Learning Objectives

By the end of this workshop, you should be able to:

  Define business succession planning and its role 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.

Getting Started

Just to make sure the experience is as smooth as possible we’d like to suggest a couple of things you may or will need to get on with the course:

  • While we are happy for anyone to enrol in the course, we suggest that you should be at least managing/leading a team (big or small) or preparing for a role that requires your leadership skills
  • Internet connection is a big must
  • Readiness to learn, remember this is about you and so you need to be ready to take time to yourself and motivate yourself
  • Maybe something to write some notes down or ideas, but don’t worry the course documents can be downloaded at the end of the course for you to review and use at any time
      Have fun!

The Journey

What’s in it for me: What is business succession planning? What is replacement planning? The differences between them and deciding what you need.

  Case Study: 1              Review Questions:1           


What’s in it for me: How to set parameters for the planning process? Should you establish a committee? How to gather operational data?

  Case Study: 1              Review Questions:1           


What’s in it for me: Develop a mission statement, develop a vision statement, and choosing to be a mentor.

  Case Study: 1              Review Questions:1           


What’s in it for me: Identifying strengths, weaknesses, opportunities and threats (SWOT).

  Case Study: 1              Review Questions:1           


What’s in it for me: Prioritize what the succession plan will address, set goals and objectives, develop a strategy for achieving goals, and draft the plan.

  Case Study: 1              Review Questions:1           


What’s in it for me: Assign responsibility and authority, establish a monitoring system, identifying paths, and choosing your final approach.

  Case Study: 1              Review Questions:1           


What’s in it for me:  Gathering data, addressing concerns and issues, evaluating and adapting.

  Case Study: 1              Review Questions:1           


What’s in it for me: Developing a change management plan, developing a communication plan, implementing the plans, providing constructive criticism, encouraging growth and development.

  Case Study: 1              Review Questions:1           


What’s in it for me:  Common obstacles, re-evaluating goals, and focusing on progress.

  Case Study: 1              Review Questions:1           


What’s in it for me:  How to know when you’ve achieved success, transitioning, and wrapping it all up.

  Case Study: 1              Review Questions:1           


What’s in it for me: You’ve done it, well done! But don’t stop here. Let’s summarise all you have learnt and remember knowledge is no good kept in a cupboard. Implement what you have learnt, try the tools and see the outcome until you find a combination that works for you! Congratulations we know you got what it takes to make a great leader!

  Case Study: 1              Review Questions:1           


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Last modified: Wednesday, 14 March 2018, 6:37 AM