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 your participants will identify common obstacles and how to overcome them.
Online Course / Classroom Training
Our Business Succession Planning workshop 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 portfolio.
Business Succession Planning > Course Outline:
The Parking Lot
What is Business Succession Planning?
What Is Replacement Planning?
Deciding What You Need
How to Set Parameters for the Planning Process
Should You Establish a Committee?
How to Gather Operational Data
Develop a Mission Statement
Develop a Vision Statement
Choosing to Be a Mentor
Prioritize What the Succession Plan Will Address
Set Goals and Objectives
Develop a Strategy for Achieving Goals
Draft the Plan
Assign Responsibility and Authority
Establish a Monitoring System
Choosing Your Final Approach
Addressing Concerns and Issues
Evaluating and Adapting
Developing a Change Management Plan
Developing a Communication Plan
Implementing the Plans
Providing Constructive Criticism
Encouraging Growth and Development
Focusing on Progress
How to Know When You’ve Achieved Success
Wrapping it All Up
Words from the Wise
Review of Parking Lot
Completion of Action Plans and Evaluations