Business Succession Planning

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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 Content

Introduction
Course Objectives
Module 1
Succession Planning Vs. Replacement Planning
What is Business Succession Planning?
What Is Replacement Planning?
Differences Between
Deciding What You Need
Module 1: Knowledge Check 1 Quiz
MODULE 2
Preparing for the Planning Process
How to Set Parameters for the Planning Process
Should You Establish a Committee?
How to Gather Operational Data
Module 2: Knowledge Check 1 Quiz
MODULE 3
Initiating Process
Develop a Mission Statement
Develop a Vision Statement
Choosing to Be a Mentor
Module 3: Knowledge Check 1 Quiz
MODULE 4
The SWOT Analysis
Identifying Strengths
Identifying Weaknesses
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