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, and 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.
Learning Objectives:
- Define business succession planning and its role in your company
- Develop a succession plan
- Describe the importance of mentorship
- Define and use a SWOT analysis to set goals
- Create a plan, assign roles, and execute the plan
- Demonstrate how to communicate to develop support and manage change
- Examine how to anticipate obstacles, and evaluate and adapt goals and plans
- Characterize success
How You Will Benefit:
- Plan for the organization’s future
- Set career growth opportunities for staff
- Avoid risk
Who Should Attend:
- Managers or leaders responsible for workforce planning or staffing decisions
Course Format: Live instructor led (synchronous)
Course Duration: 8 hours
This course does not have any sections.