e-lerniq series

Business Succession Planning

Typical Audience

New Leaders and Managers
Mid/Sr Management Staff
Entrepreneurs

Model

e-Learning
10 Modules
Case Studies
Quizzes
Available 24/7

Course Level

Intermediate

Award

Certificate of Participation

Duration

2 Hours

Delivery Language

English

Business Succession Planning

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 you will identify common obstacles and how to overcome them.

Our Business Succession Planning course 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.

What will you learn?

As a result of participating in this online business succession planning course, participants will be able to: 

  • 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.

Course Content

  • Succession Planning vs Replacement Planning (what they are, the difference between them, decide what you need);
  • Preparing for the Planning Process (set parameters, gather data);
  • Initiate Process (mission and vision statement, mentorship);
  • SWOT Analysis (strengths, weaknesses, opportunities, threats);
  • Developing the Succession Plan (prioritize what it will address, set goals and objectives, develop a strategy for achieving goals, draft the plan);
  • Executing the Plan (assign responsibility and authority, establish a monitoring system, identify paths, choose final approach);
  • Gaining Support (gather data, address concerns and issues, evaluate and adapt);
  • Managing the Change (develop a change management plan and a communication plan, implement the plans, provide constructive criticism, encourage growth and development);
  • Overcoming Roadblocks (common obstacles, re-evaluate goals, focus on progress);
  • Reaching the End (how to know you’ve achieved success, transitioning, wrapping it all up).