Business Succession Planning – Developing and Maintaining a Succession Plan

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  • Fees : 2600 $
  • Date 04 Nov 2018
  • Location Abu Dhabi, English

Business Succession Planning – Developing and Maintaining a Succession Plan

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.

Day one

Succession Planning Vs. Replacement Planning

  • What is Business Succession Planning?
  • What is Replacement Planning?
  • Differences Between business succession planning and replacement planning .
  • Relation between strategic planning and business succession planning .
  • Elements of  business succession planning .
  • Deciding What You Need to have a reliable business planning .

 

Day two

Preparing for the Planning Process

  • How to Set Parameters for the Planning Process?
  • How to Set Parameters for the Planning Process
  • Should You Establish a Committee ,or a team .
  • How to Gather Operational Data

Initiating Process

  • Develop a Mission Statement
  • Develop a Vision Statement
  • Develop a process value and ethics.
  • Choosing to Be a Mentor

 

 

 

Day three

The SWOT Analysis

  • Identifying Strengths
  • Identifying Weaknesses
  • Identifying Opportunities
  • Identifying Threats

Developing Succession Plan

  • Prioritize What the Succession Plan Will Address
  • Seat Goals and Objectives , select KPI’S .
  • Develop a Strategy for Achieving Goals
  • Develop quality succession plan.
  • Draft the Plan , review and prove the plan.

 

Day four

Executing Plan

  • Assign Responsibility and Authority ( team member job description , communication , authority level ).
  • Establish a Monitoring System
  • Identifying Paths
  • Choosing Your Final Approach

Gaining Support

  • Gathering Data
  • Addressing Concerns and Issues
  • Evaluating and Adaptin

 

Managing the Change

  • Developing a Change Management Plan
  • Developing a Communication Plan
  • Implementing the Plans
  • Providing Constructive Criticism
  • Encouraging Growth and Development

 

 

Day five

Overcoming Roadblocks

  • Common Obstacles
  • RE-Evaluating Goals
  • Focusing fn Progress

Reaching the End

  • How to Know When You’ve Achieved Success
  • Transitioning
  • Wrapping it All Up.

Case study.

Course outcomes revision and briefing .

COURSE METHODOLGY:

 

The course includes interactive discussions, exercises and case studies to involve the delegates to encourage maximum activity and learning potential, also includes personal actions plans to enhance success.

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