SUCCESSION PLANNING

The loss of valuable leadership can have a crippling effect on a company. Business succession planning involves preparing successors to assume crucial leadership roles when the need arises. It is an essential component for the long-term survival of any organization. Every company should incorporate succession planning into its portfolio, as it is not only the expected absences but also the unexpected ones that can severely impact a company.

Whether you are preparing someone to step into a leadership position within a corporation or planning for the future of a small business as a sole proprietor, Business Succession Planning will provide you with the knowledge to differentiate between succession planning and mere replacement planning. It emphasizes the importance of effectively preparing individuals to assume leadership responsibilities to ensure a smooth transition and the continued success of the company.

 

The workshop aims to achieve the following objectives:

• Define business succession planning and its role within your company.

• Establish a foundation for developing a comprehensive succession plan.

• Understand the significance of mentorship in the succession planning process.

• Define and utilize SWOT analysis to set meaningful goals.

• Create a detailed plan, assign relevant roles, and execute the succession plan effectively.

• Communicate effectively to gain support and manage change during the transition.

• Anticipate obstacles, evaluate progress, and adapt goals and plans accordingly.

• Define the characteristics of success in the context of business succession planning.