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Course 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.
What will i learn?
- 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
Curriculum for this course
57 Lessons
00:00:00 Hours
Module 1
6 Lessons
00:00:00 Hours
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Succession Planning Vs. Replacement Planning
.
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What is Business Succession Planning?
.
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What Is Replacement Planning?
.
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Differences Between
.
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Deciding What You Need
.
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Formative Assesment
0:00:00
Module 2
5 Lessons
00:00:00 Hours
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Preparing for the Planning Process
.
-
How to Set Parameters for the Planning Process
.
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Should You Establish a Committee?
.
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How to Gather Operational Data
.
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Formative Assesment
0:00:00
Module 3
5 Lessons
00:00:00 Hours
-
Initiating Process
.
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Develop a Mission Statement
.
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Develop a Vision Statement
.
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Choosing to Be a Mentor
.
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Formative Assesment
0:00:00
Module 4
6 Lessons
00:00:00 Hours
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The SWOT Analysis
.
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Identifying Strengths
.
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Identifying Weaknesses
.
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Identifying Opportunities
.
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Identifying Threats
.
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Formative Assesment
0:00:00
Module 5
6 Lessons
00:00:00 Hours
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Developing the Succession Plan
.
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Prioritize What the Succession Plan Will Address
.
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Set Goals and Objectives
.
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Develop a Strategy for Achieving Goals
.
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Draft the Plan
.
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Formative Assesment
0:00:00
Module 6
6 Lessons
00:00:00 Hours
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Executing the Plan
.
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Assign Responsibility and Authority
.
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Establish a Monitoring System
.
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Identifying Paths
.
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Choosing Your Final Approach
.
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Formative Assessment
0:00:00
Module7
5 Lessons
00:00:00 Hours
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Gaining Support
.
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Gathering Data
.
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Addressing Concerns and Issues
.
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Evaluating and Adapting
.
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Formative Assesmet
0:00:00
Module 8
7 Lessons
00:00:00 Hours
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Managing the Change
.
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Developing a Change Management Plan
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Developing a Communication Plan
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Implementing the Plans
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Providing Constructive Criticism
.
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Encouraging Growth and Development
.
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Formative Assessment
0:00:00
Module 9
5 Lessons
00:00:00 Hours
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Overcoming Roadblocks
.
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Common Obstacles
.
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Re-Evaluating Goals
.
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Focusing on Progress
.
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Formative Assessment
0:00:00
Module 10
5 Lessons
00:00:00 Hours
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Reaching the End
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How to Know When You’ve Achieved Success
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Transitioning
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Wrapping it All Up
.
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Formative Assessment
0:00:00
Assessment
1 Lessons
00:00:00 Hours
-
Test
0:00:00
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