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Business Succession Planning


Cost: Contact us for quote.   Duration: 1 day


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A management succession plan affects an entire organisation. Planning a succession involves preparation, weighing options, initiating and managing change, overcoming obstacles and performing a thorough analysis of your staff and their skills and experience.

The pdtraining Business Succession Planning Training Course gives you an understanding of the methods and techniques of business succession planning and skill building to implement the changes smoothly and successfully with skills like conducting a SWOT analysis, drafting a succession plan and mapping employee experience and skillsets.

This significant and lively training course is available now throughout Australia, including Brisbane, Sydney, Parramatta, Melbourne, Canberra, Adelaide and Perth.

Please click on the Public Class tab below to view our Business Succession Planning Training course schedule by city or click the In-House Training tab to receive a free quote for courses delivered at your preferred location.  

Course Foreword

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 Outcomes

In this course participants will:
 
  • Learn the importance of succession planning
  • Understand the process of succession planning
  • Recognise the importance of mentoring as a component of your plan
  • Learn to set goals using a SWOT analysis
  • Draft a plan, assign responsibilities and establish monitoring systems
  • Understand the importance of change management
  • Learn to anticipate obstacles
  • Know how to re-evaluate goals and focus on progress
  • Recognise when success has been achieved

Course Outline

Business Succession Planning Training Course - Lesson 1
Succession Planning Vs. Replacement Planning
  • What is Business Succession Planning?
  • What is Replacement Planning?
  • Differences between Succession and Replacement
  • Deciding what you need
Business Succession Planning Training Course - Lesson 2
Preparing for the Planning Process
  • Should you establish a committee?
  • How to gather operational data
Business Succession Planning Training Course - Lesson 3
Initiating Process
  • Develop a Mission Statement
  • Develop a Vision Statement
  • Choosing to be a mentor
Business Succession Planning Training Course - Lesson 4
The SWOT Analysis
  • Identifying Strengths
  • Identifying Weaknesses
  • Identifying Opportunities
  • Identifying Threats
Business Succession Planning Training Course - Lesson 5
Developing the Succession Plan
  • Prioritise what the succession plan will address
  • Set goals and objectives
  • Develop a strategy for achieving goals
  • Draft the plan
Business Succession Planning Training Course - Lesson 6
Executing the Plan
  • Assign responsibility and authority
  • Establish a monitoring system
  • Identifying paths
  • Choosing your final approach
Business Succession Planning Training Course - Lesson 7
Gaining Support
  • Gathering data
  • Addressing concerns and issues
  • Evaluating and adapting
Business Succession Planning Training Course - Lesson 8
Managing the Change
  • Developing a change management plan
  • Developing a communication plan
  • Implementing the plans
  • Providing constructive criticism
  • Encouraging growth and development
Business Succession Planning Training Course - Lesson 9
Overcoming Roadblocks
  • Common obstacles
  • Re-Evaluating goals
  • Focusing on progress
Business Succession Planning Training Course - Lesson 10
Reaching the End
  • How to know when you’ve achieved success
  • Transitioning
  • Wrapping it all up