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Practical Business Succession Planning

4.8 rating
4.8 (4)
Total Registration Fee:

$32.00

30-Day Money-Back Guarantee

Learning Method

Self-paced

Course Length

1.5 hours

Number of Modules

10

Language

English

Narrated

Yes

Certificate Awarded

Yes

Course introduction:

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.

Research has consistently demonstrated that when clear goals are associated with learning, it occurs more easily and rapidly. At the end of this course, you should 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.
30-Day Money-Back Guarantee

Course content:

  • What is Business Succession Planning?
  • What Is Replacement Planning?
  • Differences Between
  • Deciding What You Need
  • Case Study
  • Assessment
  • How to Set Parameters for the Planning Process
  • Should You Establish a Committee?
  • How to Gather Operational Data
  • Case Study
  • Assessment
  • Develop a Mission Statement
  • Develop a Vision Statement
  • Choosing to Be a Mentor
  • Case Study
  • Assessment
  • Identifying Strengths
  • Identifying Weaknesses
  • Identifying Opportunities
  • Identifying Threats
  • Case Study
  • Assessment
  • Prioritize What the Succession Plan Will Address
  • Set Goals and Objectives
  • Develop a Strategy for Achieving Goals
  • Draft the Plan
  • Case Study
  • Assessment
  • Assign Responsibility and Authority
  • Establish a Monitoring System
  • Identifying Paths
  • Choosing Your Final Approach
  • Case Study
  • Assessment
  • Gathering Data
  • Addressing Concerns and Issues
  • Evaluating and Adapting
  • Case Study
  • Assessment
  • Developing a Change Management Plan
  • Developing a Communication Plan
  • Implementing the Plans
  • Providing Constructive Criticism
  • Encouraging Growth and Development
  • Case Study
  • Assessment
  • Common Obstacles
  • Re-Evaluating Goals
  • Focusing on Progress
  • Case Study
  • Assessment
  • How to Know When You’ve Achieved Success
  • Transitioning
  • Wrapping it All Up
  • Case Study
  • Assessment

The 30-Day Money-Back Guarantee is our way of ensuring your complete satisfaction with our courses. If you are not satisfied with our courses, let us know within 30 calendar days of purchase, and we will give you a full refund. No questions asked!

Course Rating

4.8 rating
4.8 (4)
Excellent75%
Very good25%
Average0%
Poor0%
Terrible0%

Student Feedback

No Title

5.0 rating
4 months ago

Good information. Well-structured and presented. The case scenarios are helpful and the questions are not too difficult.

JudyYoung_Star

No Title

5.0 rating
4 months ago

The objectives of the course were clear and precise, the delivery was also straight to the point. I am now looking forward to a deep dive.

Samy

No Title

5.0 rating
6 months ago

I found this course really excellent and useful. I would recommend it to anyone interested in learning the basics of effective succession planning and proper use of it.

miguelramez1

No Title

4.0 rating
7 months ago

Good course. Beneficial and full of information. Good price compared to what you get. I wish this platform has more courses.

Brdswee_22

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