Business Succession Planning – Developing and Maintaining a Succession Plan

Duration: Offered as a 90 minute webinar or 2 days in class

Course Overview

Change is a hallmark of today’s business world. In particular, our workforce is constantly changing – people come and go, and move into new roles within the company. Succession planning can help you make the most of that change by ensuring that when someone leaves, there is someone new to take their place. This course will teach you the basics about creating and maintaining a succession plan.

Learning Objectives

  • 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

Course Outline

1. Course Overview

2. A Need for Succession Planning

3. Defining a Succession Plan

  • Strong Leaders and a Strong Organization
  • Components of the Plan
  • Setting the Scope

4. Pre-Assignment Review

5. Identifying Resources and Analyzing Risks

  • Identifying Resources
  • Risk Assessment

6. Defining Roles, Responsibilities, and Functions

  • Individualized Engagement Plans
  • Working the Plan

7. Gathering Information

8. Forecasting Needs

  • Key Ingredients of a Successful Plan
  • Coaching and Mentoring

9. Putting the Plan Together

  • Using Appreciative Inquiry (AI)
  • How to Choose the Leader

10. Putting the Plan into Action

  • Phased Implementation
  • Technology

11. Evaluating and Reviewing the Plan

  • Evaluation Challenges
  • Sample Evaluation
  • Check Out the Checklist

12. Your Action Plan

  • Plan and Then Do
  • Next Steps

13. Personal Action Plan