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Business Succession Planning


Business Succession Planning

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.

Course Overview

Succession Planning Vs. Replacement Planning, Preparing for the Planning Process, Initiating Process, The SWOT Analysis, Developing the Succession Plan, Executing the Plan, Gaining Support, Managing the Change, Overcoming Roadblocks and Reaching the End

Who should attend?

HR Professionals, Managers, Team Leaders, Supervisors, Account Officers.



  • Learning Objectives

  • What is business succession planning?
  • What is replacement planning?
  • Difference between
  • Recovery planning
  • Case Study

  • Binder
  • Should you establish a committee?
  • How to gather operational data
  • Case Study

  • Develop a mission statement
  • Develop a vision statement
  • Choosing to be a mentor
  • Case Study

  • Identifying strengths
  • Be as detailed as possible
  • Identifying opportunities
  • Case Study

  • Prioritizing what the succession plan will address
  • Set goals and objectives
  • Develop a strategy for achieving goals
  • Draft the plan
  • Case Study

  • Assign responsibility and authority
  • Establish a monitoring system
  • Identifying paths
  • Choosing your final approach
  • Case Study

  • Gathering data
  • Addressing concerns and issues
  • Evaluating and adapting
  • Case Study

  • Developing a change management plan
  • Developing a communication pan
  • Implementing the plans
  • Providing constructive criticism
  • Encouraging growth and development
  • Case Study

  • Re-evaluating goals
  • Focusing on progress
  • Case Study

  • How to know when you have achieved success
  • Transitioning
  • Wrapping it all up
  • Case Study

  • Course Curriculum

    Module 00:00:00

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    • 120,000.00 24,999.00
    • 180 Days

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