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Business Succession Planning

  • Overview

    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.
  • Duration

    Course duration :12 hrs
  • Location

    Available at Maadi Branch
  • Course Outlines

    Module One: Getting Started
    • Workshop Objectives
    Module Two: Succession Planning Vs. Replacement Planning
    • What is Business Succession Planning?
    • What Is Replacement Planning?
    • Differences Between
    • Deciding What You Need
    Module Three: Preparing for the Planning Process
    • How to Set Parameters for the Planning Process
    • Should You Establish a Committee?
    • How to Gather Operational Data
    Module Four: Initiating Process
    • Develop a Mission Statement
    • Develop a Vision Statement
    • Choosing to Be a Mentor
    Module Five: The SWOT Analysis
    • Identifying Strengths
    • Identifying Weaknesses
    • Identifying Opportunities
    • Identifying Threats
    Module Six: Developing the Succession Plan
    • Prioritize What the Succession Plan Will Address
    • Set Goals and Objectives
    • Develop a Strategy for Achieving Goals
    • Draft the Plan
    Module Seven: Executing the Plan
    • Assign Responsibility and Authority
    • Establish a Monitoring System
    • Identifying Paths
    • Choosing Your Final Approach
    Module Eight: Gaining Support
    • Gathering Data
    • Addressing Concerns and Issues
    • Evaluating and Adapting
    Module Nine: Managing the Change
    • Developing a Change Management Plan
    • Developing a Communication Plan
    • Implementing the Plans
    • Providing Constructive Criticism
    • Encouraging Growth and Development
    • Module Ten: Overcoming Roadblocks
    • Common Obstacles
    • Re-Evaluating Goals
    • Focusing on Progress
    Module Eleven: Reaching the End
    • How to Know When You’ve Achieved Success
    • Transitioning
    • Wrapping it All Up
    Module Twelve: Wrapping Up
    • Words from the Wise
  • Objectives

    • 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.

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