Business Succession Planning

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1800

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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

Identifying Opportunities
Identifying Threats
Module 4: Knowledge Check 1 Quiz
MODULE 5
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 5: Knowledge Check 1 Quiz
MODULE 6
Executing the Plan
Assign Responsibility and Authority
Establish a Monitoring System
Identifying Paths
Choosing Your Final Approach
Module 6: Knowledge Check 1 Quiz
MODULE 7
Gaining Support
Gathering Data
Addressing Concerns and Issues
Evaluating and Adapting
Module 7: Knowledge Check 1 Quiz
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