Business succession Plannning

Course details

Program Overview
A management succession plan affects an entire organization. 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.
This 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.
 
Benefits & Added Value
 
By attending this program, participants will:

1. Identify the importance of succession planning
2. Describe the process of succession planning
3. Recognize the importance of mentoring as a component of your plan
4. Practice to set goals using a SWOT analysis
5. Draft a plan, assign responsibilities and establish monitoring systems
6. Recall the importance of change management
7. Recall the concepts of Performance Management System (PMS)
8. Distinguish obstacles they may encounter
9. Identify how to re-evaluate goals and focus on progress
10. Recognize when success has been achieved, and evaluation activities

 
Ask yourself the following:

1. What is your return on investment for implementing these programs?
2. Do you know who your high potential employees are?
3. Have you got an effective Succession & Talent Program in place?
4. Who are the successors to critical business roles in your organization?
5. Are your talent metrics at best practice levels?
6. What are the best organizations doing in Talent & Succession?
7. Do you have 'buy in' from key managers to implement this program
8. How effective is your development planning for key employees?
9. Do you know how to identify your high potentials?
10. What is your competitive advantage from implementing a succession program?

Program Content:

1. Succession Planning Vs. Replacement

Planning What is Business Succession Planning? What is Replacement Planning? Differences between     Succession and Replacement Deciding what you need

1. Preparing for the Planning Process

 Should you establish a committee? How to gather operational data

1. Initiating Process

 Develop a Vision Statement, develop a Mission Statement, choosing to be a mentor

1. The SWOT Analysis

 Identifying Strengths, Identifying Weaknesses, Identifying Opportunities, Identifying Threats

1. Developing the Succession Plan

Prioritize what the succession plan will address, set goals and objectives, develop a strategy for achieving goals, Draft the plan

1. PMS

Difference between PMS and PA, PMS Model, Values iceberg, Motivation

1. Executing the Plan

Assign responsibility and authority, establish a monitoring system, identifying paths, Choosing your final approach

1. Managing the Change

Developing a change management plan, developing a communication plan, Implementing the plans, Providing constructive criticism, Encouraging growth and development

1. Overcoming Roadblocks

 Common obstacles, Re-Evaluating goals

1. Reaching the End

How to know when you’ve achieved success
 
 
 
 
 
  Updated on 08 August, 2019