Business Succession Planning

The Contents of this course consists of 12 Modules:- Module One: Getting Started. 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.