Course Schedule

Succession Planning

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.

  • Learn the importance of succession planning
  • Understand the process of succession planning
  • Recognize the importance of mentoring as a component of your plan
  • Learn to set goals using a SWOT analysis
  • Draft a plan, assign responsibilities and establish monitoring systems
  • Understand the importance of change management
  • Learn to anticipate obstacles
  • Know how to re-evaluate goals and focus on progress
  • Recognize when success has been achieved

Business Succession Planning Training Course - Lesson 1

  • Succession Planning Vs. Replacement Planning
  • What is Business Succession Planning?
  • What is Replacement Planning?
  • Differences between Succession and Replacement
  • Deciding what you need

Business Succession Planning Training Course - Lesson 2

  • Preparing for the Planning Process
  • Should you establish a committee?
  • How to gather operational data

Business Succession Planning Training Course - Lesson 3

  • Initiating Process
  • Develop a Mission Statement
  • Develop a Vision Statement
  • Choosing to be a mentor

Business Succession Planning Training Course - Lesson 4

  • The SWOT Analysis
  • Identifying Strengths
  • Identifying Weaknesses
  • Identifying Opportunities
  • Identifying Threats

Business Succession Planning Training Course - Lesson 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

Business Succession Planning Training Course - Lesson 6

  • Executing the Plan
  • Assign responsibility and authority
  • Establish a monitoring system
  • Identifying paths Choosing your final approach

Business Succession Planning Training Course - Lesson 7

  • Gaining Support
  • Gathering data
  • Addressing concerns and issues
  • Evaluating and adapting

Business Succession Planning Training Course - Lesson 8

  • Managing the Change
  • Developing a change management plan
  • Developing a communication plan
  • Implementing the plans
  • Providing constructive criticism
  • Encouraging growth and development

Business Succession Planning Training Course - Lesson 9

  • Overcoming Roadblocks
  • Common obstacles Re-Evaluating goals
  • Focusing on progress

Business Succession Planning Training Course - Lesson 10

  1. Reaching the End
  2. How to know when you’ve achieved success
  3. Transitioning