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.
Objectives:
- Define business succession planning & its role in the organisation
- Lay the groundwork for developing a succession planning
- Recognise the importance of mentorships
- Learn to use a SWOT analysis to set goals
- Create a plan, assign roles & execute the plan
- Develop a plan to manage change
- Learn to anticipate obstacles, re-evaluate goals and focus on progress
- Learn how to know when success has been achieved
Who should attend?
Leaders who wish to excellence there in Business succession planning skills and Knowledge
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