Succession Planning Training
Code
5034
Type
Classroom
Duration
5
Modules
5
Skill Level
Expert
Language
EN
Max
10
Certificate
Yes
Assessment
No
Business succession planning is essentially preparing successors to take on vital leadership roles when the need arises. Whether it is preparing an individual to take over as the sole proprietor of a small business or a leadership position in a corporation, business succession planning is essential for the long-term survival of a company.
This course will be teaching the difference between succession planning and mere replacement planning and prepare the people to take on the responsibilities of leadership in order for the company to thrive during the transition.
- Defining business succession planning & its role in the organization
- Laying the groundwork for developing a succession plan
- Recognizing the importance of internships
- Learning to use a SWOT analysis to set goals
- Create a plan, assign roles & execute the plan
- Developing a plan to manage change
- Learning to anticipate obstacles, re-evaluate goals & focus on progress
- Learning how to know when success has been achieved
- Supervisors
- HR Managers
- Senior Leaders
- Executives
- Policy Makers
- Anyone involved in HR planning
There are no specific requirements for this Course.
Course Outline
- How Succession Planning Works
- Benefits of Succession Planning
- Succession Planning Vs. Replacement Planning
- What is Business Succession Planning?
- What Is Replacement Planning?
- Differences Between them
- Deciding What You Need
- Preparing for the Planning Process
- How to Set Parameters for the Planning Process
- Should You Establish a Committee?
- How to Gather Operational Data
- Initiating Process
- Develop a Mission Statement
- Develop a Vision Statement
- Choosing to Be a Mentor
- The SWOT Analysis
- Identifying Strengths
- Identifying Weaknesses
- Identifying Opportunities
- Identifying Threats
- Developing the Succession Plan
- Prioritizing What the Succession Plan Will Address
- Setting Goals and Objectives
- Developing a Strategy for Achieving Goals
- Drafting the Plan
- Executing the Plan
- Assigning Responsibility and Authority
- Establishing a Monitoring System
- Identifying Paths
- Choosing Your Final Approach
- Gaining Support
- Gathering Data
- Addressing Concerns and Issues
- Evaluating and Adapting
- Managing the Change
- Developing a Change Management Plan
- Developing a Communication Plan
- Implementing the Plans
- Providing Constructive Criticism
- Encouraging Growth and Development
- Overcoming Roadblocks
- Common Obstacles
- Re-Evaluating Goals
- Focusing on Progress
- How to Know When You’ve Achieved Success
- Transitioning
- Lessons Learned
- Completion of Action Plans and Evaluations