- Course Objectives
Business Succession Planning
Program Overview
Program Content
Instructors
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
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
Mena Center
Training Programs: 62
Students: 69
Email: s.maiteh@menatech.edu.jo
