Business Succession Planning: Developing and Maintaining a Succession Plan (BSO01EO)
Instructor
Savvy
Reviews
Course Overview
What Will Students Learn?
- Demonstrate an understanding of the value of succession planning for successful businesses.
- Demonstrate expertise with the key elements of a succession plan.
- Create and discuss aspects of a succession plan.
- Discuss the elements of a succession plan in terms of roles, responsibility, function, scope, and evaluation.
What Topics are Covered?
- A need for succession planning
- Defining a succession plan
- Identifying resources and analyzing risks
- Defining roles, responsibilities, and functions
- Gathering information and forecasting needs
- Putting the plan together
- Putting the plan into action
- Evaluating and reviewing the plan
- Your action plan
What’s Included?
- Instruction by an expert facilitator
- Small, interactive classes
- Specialized manual and course materials
- Personalized certificate of completion
Course Content
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Academy Topics
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Pre-Course Assessment
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A Need for Succession Planning
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Defining Succession Planning
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The Definitions
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Defining a Succession Plan
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Strong Leaders and a Strong Organization
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Components of the Plan
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SUCCESS Model
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Setting the Scope
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Pre-Assignment Review
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Identifying Resources and Analyzing Risks
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Identifying Resources
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Risk Assessment
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Defining Roles, Responsibilities, and Functions
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Individualized Engagement Plans
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Working the Plan
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Gathering Information
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Forecasting Needs
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Key Ingredients of a Successful Plan
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Coaching and Mentoring
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Putting the Plan Together
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Using Appreciative Inquiry (AI)
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How to Choose the Leader
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Putting the Plan into Action
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Phased Implementation
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Technology
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Evaluating and Reviewing the Plan
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Evaluation Challenges
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Sample Evaluation
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Check Out the Checklist
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Your Action Plan
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Plan and Then Do
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Next Steps
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Recommended Reading List
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Post-Course Assessment
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