INTRODUCTION
Business succession planning is essentially preparing successors to take on vital leadership roles when the need arises. Whether it is preparing an individual to take over as the sole proprietor of a small business or a leadership position in a corporation, business succession planning is essential for the long-term survival of a company. This course will be teaching the difference between succession planning and mere replacement planning and preparing the people to take on the responsibilities of leadership in order for the company to thrive during transition.
PROGRAMME OBJECTIVES
- Defining business succession planning & its role in the organisation
- Laying the groundwork for developing a succession plan
- Recognizing the importance of internships
- Learning to use a SWOT analysis to set goals
- Creating a plan, assign roles & execute the plan
- Developing a plan to manage change
- Learning to anticipate obstacles, re-evaluate goals & focus on progress
- Learning how to know when success has been achieved
WHO SHOULD ATTEND?
- Executives
- HR Managers
- Supervisors
- Anyone involved in HR planning
- Anyone who is or will be responsible for taking on leadership roles
- Anyone interested in developing leadership skills.
PROGRAM OUTLINE
- Getting Started
- Icebreaker
- Housekeeping Items
- The Parking Lot
- Workshop Objectives
Succession Planning Vs. Replacement Planning- What is Business Succession Planning?
- What Is Replacement Planning?
- Differences Between
- Deciding What You Need
Preparing for the Planning Process- How to Set Parameters for the Planning Process
- Should You Establish a Committee?
- How to Gather Operational Data
Initiating Process- Develop a Mission Statement
- Develop a Vision Statement
- Choosing to Be a Mentor
The SWOT Analysis- Identifying Strengths
- Identifying Weaknesses
- Identifying Opportunities
- Identifying Threats
Developing the Succession Plan- Prioritizing What the Succession Plan Will Address
- Setting Goals and Objectives
- Developing a Strategy for Achieving Goals
- Drafting the Plan
Executing the Plan- Assigning Responsibility and Authority
- Establishing a Monitoring System
- Identifying Paths
- Choosing Your Final Approach
Gaining Support- Gathering Data
- Addressing Concerns and Issues
- Evaluating and Adapting
Managing the Change- Developing a Change Management Plan
- Developing a Communication Plan
- Implementing the Plans
- Providing Constructive Criticism
- Encouraging Growth and Development
Overcoming Roadblocks- Common Obstacles
- Re-Evaluating Goals
- Focusing on Progress
Reaching the End- How to Know When You’ve Achieved Success
- Transitioning
- Wrapping it All Up
Wrapping Up - Words from the Wise
- Review of Parking Lot
- Lessons Learned
- Completion of Action Plans and Evaluations
