WCCF-EL 00028 Business Succession Planning
The following is the course description for the Business Succession Planning Course:
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. It is essential to the long-term survival of a company. Every company should have a form of succession planning in its portfolio as it is not the expected absences that can cripple a company, but the unexpected ones.
Whether it is preparing someone to take over a position of leadership in a corporation, or the sole proprietor of a small business Business Succession Planning will teach you the difference between succession planning and mere replacement planning. How you prepare people to take on the responsibilities of leadership so that the company thrives in the transition is just as important as picking the right person for the job.
Research has consistently demonstrated that when clear goals are associated with learning, it occurs more easily and rapidly. With that in mind, let’s review our goals for today.
At the end of this workshop, participants should be able to:
- Define business succession planning and its role in your company.
- 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 Core Competencies:
Module 1: Succession Planning vs. Replacement Planning
Topic A: What is Business Succession Planning?
Topic B: What is Replacement Planning?
Topic C: Differences Between
Topic D: Deciding What You Need
Module 2: Preparing for the Planning Process
Topic A: How to Set Parameters for the Planning Process
Topic B: Should You Establish a Committee?
Topic C: How to Gather Operational Data
Module 3: Initiating Process
Topic A: Develop a Mission Statement
Topic B: Develop a Vision Statement
Topic C: Choosing to Be a Mentor
Module 4: The SWOT Analysis
Topic A: Identifying Strengths
Topic B: Identifying Weaknesses
Topic C: Identifying Opportunities
Topic D: Identifying Threats
Module 5: Developing the Succession Plan
Topic A: Prioritize What the Succession Plan Will Address
Topic B: Set Goals and Objectives
Topic C: Develop a Strategy for Achieving Goals
Topic D: Draft the Plan
Module 6: Executing the Plan
Topic A: Assign Responsibility and Authority
Topic B: Establish a Monitoring System
Topic C: Identifying Paths
Topic D: Choosing Your Final Approach
Module 7: Gaining Support
Topic A: Gathering Data
Topic B: Addressing Concerns and Issues
Topic C: Evaluating and Adapting
Module 8: Managing the Change
Topic A: Developing a Change Management Plan
Topic B: Developing a Communication Plan
Topic C: Implementing the Plans
Topic D: Encouraging Growth and Development
Module 9: Overcoming Roadblocks
Topic A: Common Obstacles
Topic B: Re-Evaluating Goals
Topic C: Focusing on Progress
Module 10: Reaching the End
Topic A: How to Know When You’ve Achieved Success
Topic B: Transitioning
Topic C: Wrapping it All Up
- Lectures 1
- Quizzes 1
- Duration 50 hours
- Language English
- Students 565
- Certificate Yes
- Assessments Yes
WCCF-EL 00028 Business Succession Planning Curriculum