Business Succession Plan

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.

Who Should Attend?

Ideal for candidates (managers, unit heads, HR professionals) who want to gain a better understanding of business continuity, improved business performance, motivation and employee loyalty. The candidate must know the basic of English language and should have completed high school / undergraduation.

Topics covered:

  • Succession Planning Vs Replacement Planning
  • Preparing for the planning process
  • Initiating process
  • SWOT Analysis
  • Developing the Succession Plan
  • Executing the Plan
  • Gaining Support
  • Managing the Change
  • Overcoming Roadblocks
  • Reaching the End

Learning Outcomes:

At the end of this program, participants will be able to:
  • Define business succession planning and its role in your company.
  • Lay the groundwork to develop a succession plan.
  • The importance of mentorship.
  • Define and use a SWOT analysis to set goals.
  • Create a plan, assign roles, and execute the plan.
  • Communicate to develop support and manage change.
  • Anticipate obstacles, and evaluate and adapt goals and plans.
  • Characterize success.

Trainer Video

No video available
  • Learning Hours 10 Hours

Help Desk Detail

For Corporate Tailored Course, please contact our Help Desk at +971 2 6794948

Accreditations

Autodesk Logo Autodesk, Inc. is an American multinational software corporation that makes software for the architecture, engineering, construction, manufacturing, media, and entertainment industries.

Read More

ilm REI is an approved Institute of Leadership & Management (ILM) Training Centre providing Accredited Programs in the areas of Leadership & Management.

Read More

british_council REI is an authorized IELTS Registration Centre for British Council. IELTS is the world’s most popular English language proficiency test with two million tests taken in the last year.

Read More

cie

REI is an exclusive partner institution with CIE Oxford – UK to provide English Language Courses. CIE Oxford – UK was founded in 1974 and has been in the Education Business for 40 years promoting English Language Courses in an academic context.

Read More

pearson REI is an approved PEARSON VUE Computer Testing Centre for IT Network and Management Programs.

Read More