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Course Description


A management succession plan affects an entire organization. Planning a succession involves preparing, weighing options, initiating and managing change, overcoming obstacles, and performing a thorough analysis of your staff and their skills and experience. This Business Succession Planning Training Course gives you an understanding of business succession planning and skill-building methods and techniques to implement the changes smoothly and successfully with skills like conducting a SWOT analysis, drafting a succession plan, and mapping employee experience and skillsets.

Every business needs a succession plan to ensure that operations continue and clients don’t experience a service disruption. If you don’t already have a succession plan in place for your small business, this is something you should put together as soon as possible. While you may not plan to leave your business, unplanned exits happen. The closer a business owner gets to retirement age, the more urgent the need for a plan. Business owners should write a succession plan when a transfer of ownership is in sight, including when they intend to list their business for sale, retire, or transfer ownership of the business. This succession plan will ensure the business operates smoothly throughout the transition.

Furthermore, it will help participants create a plan for someone to own or run their business after they retire, become disabled, or die. In simple terms, succession planning is passing control of the company to others.


Course Objectives


  1. Learn the importance of succession planning
  2. Understand the process of succession planning
  3. Recognize the importance of mentoring as a component of your plan. Learn to set goals using a SWOT analysis
  4. Draft a plan, assign responsibilities and establish monitoring systems. Understand the importance of change management
  5. Learn to anticipate obstacles
  6. Know how to re-evaluate goals and focus on progress
  7. Recognize when success has been achieved

Course Modules


Lesson 1 - Getting Started
  1. Workshop Objectives
  2. Action Plans and Evaluation Forms
Lesson 2 - Succession Planning Vs. Replacement Planning
  1. What is Business Succession Planning?
  2. What is Replacement Planning?
  3. Differences between Succession and Replacement
  4. Deciding what you need
Lesson 3 - Preparing for the Planning Process
  1. Should you establish a committee?
  2. How to gather operational data
Lesson 4 - Initiating Process
  1. Develop a Mission Statement
  2. Develop a Vision Statement
  3. Choosing to be a mentor
Lesson 5  - The SWOT Analysis
  1. Identifying Strengths
  2. Identifying Weaknesses
  3. Identifying Opportunities
  4. Identifying Threats
Lesson 6 - Developing the Succession Plan
  1. Priorities what the succession plan will address
  2. Set goals and objectives
  3. Develop a strategy for achieving goals Draft the plan
Lesson 7 - Executing the Plan
  1. Assign responsibility and authority
  2. Establish a monitoring system
  3. Identifying paths
  4. Choosing your final approach
Lesson 8 - Gaining Support
  1. Gathering data
  2. Addressing concerns and issues
  3. Evaluating and adapting
Lesson 9 - Managing the Change
  1. Developing a change management plan
  2. Developing a communication plan
  3. Implementing the plans
  4. Providing constructive criticism
  5. Encouraging growth and development
Lesson 10 - Overcoming Roadblocks
  1. Common obstacles
  2. Re-Evaluating goals
  3. Focusing on progress
Lesson 11 - Reaching the End
  1. How to know when you’ve achieved success Transitioning
  2. Wrapping it all up
Lesson 12  - Wrapping Up
  1. Words from the Wise
  2. Action Plans and Evaluations

- Flexible length - sessions as short as 1-hour
- Cost effective - great group pricing
- Greatest impact in the shortest time
- Excellent Team Building Opportunity
- Certificate of Completion

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