Business Succession Planning

Duration: 2hrs

The Business Succession Planning course offers an in-depth guide to preparing for leadership transitions in a business setting. It starts by differentiating between succession and replacement planning, outlining the key components and objectives of each. Participants will learn to set up the planning process, develop mission and vision statements, and understand the importance of mentorship.

The course emphasizes conducting a SWOT analysis to identify organizational strengths, weaknesses, opportunities, and threats, and guides participants through creating a comprehensive succession plan with clear goals and strategies. Execution of the plan involves assigning responsibilities, establishing monitoring systems, and gaining organizational support. Additionally, the course covers managing change during succession, overcoming common obstacles, and effectively handling the transition.

This program is ideal for those looking to ensure a smooth and successful leadership transition in their organizations.