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.

INTRODUCTION
Course Objectives

MODULE 1
Succession Planning Vs. Replacement Planning
What is Business Succession Planning?
What Is Replacement Planning?
Differences Between
Deciding What You Need
Knowledge Check

MODULE 2
Preparing for the Planning Process
How to Set Parameters for the Planning Process
Should You Establish a Committee?
How to Gather Operational Data
Knowledge Check

MODULE 3
Initiating Process
Develop a Mission Statement
Develop a Vision Statement
Choosing to Be a Mentor
Knowledge Check

MODULE 4
The SWOT Analysis
Identifying Strengths
Identifying Weaknesses
Identifying Opportunities
Identifying Threats
Knowledge Check

MODULE 5
Developing the Succession Plan
Prioritize What the Succession Plan Will Address
Set Goals and Objectives
Develop a Strategy for Achieving Goals
Draft the Plan
Knowledge Check

MODULE 6
Executing the Plan
Assign Responsibility and Authority
Establish a Monitoring System
Identifying Paths
Choosing Your Final Approach
Knowledge Check

MODULE 7
Gaining Support
Gathering Data
Addressing Concerns and Issues
Evaluating and Adapting
Knowledge Check

MODULE 8
Managing the Change
Developing a Change Management Plan
Developing a Communication Plan
Implementing the Plans
Providing Constructive Criticism
Encouraging Growth and Development
Knowledge Check

MODULE 9
Overcoming Roadblocks
Common Obstacles
Re-Evaluating Goals
Focusing on Progress
Knowledge Check

MODULE 10
Reaching the End
How to Know When You’ve Achieved Success
Transitioning
Wrapping it All Up
Knowledge Check

ASSESSMENT
Post-Test

WRAPPING UP
Course Summary