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Business Succession Planning

Whether it is preparing someone to take over as the sole proprietor of a small business or a position of ... Show more
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  • Description
  • Curriculum
  • Reviews

Introduction

  1. Course Objectives

Module 1

  1. Succession Planning Vs. Replacement Planning
  2. What is Business Succession Planning?
  3. What Is Replacement Planning?
  4. Differences Between
  5. Deciding What You Need
  6. Knowledge Check

Module 2

  1. Preparing for the Planning Process
  2. How to Set Parameters for the Planning Process
  3. Should You Establish a Committee?
  4. How to Gather Operational Data
  5. Knowledge Check

Module 3

  1. Initiating Process
  2. Develop a Mission Statement
  3. Develop a Vision Statement
  4. Choosing to Be a Mentor
  5. Knowledge Check

Module 4

  1. The SWOT Analysis
  2. Identifying Strengths
  3. Identifying Weaknesses
  4. Identifying Opportunities
  5. Identifying Threats
  6. Knowledge Check

Module 5

  1. Developing the Succession Plan
  2. Prioritize What the Succession Plan Will Address
  3. Set Goals and Objectives
  4. Develop a Strategy for Achieving Goals
  5. Draft the Plan
  6. Knowledge Check

Module 6

  1. Executing the Plan
  2. Assign Responsibility and Authority
  3. Establish a Monitoring System
  4. Identifying Paths
  5. Choosing Your Final Approach
  6. Knowledge Check

Module 7

  1. Gaining Support
  2. Gathering Data
  3. Addressing Concerns and Issues
  4. Evaluating and Adapting
  5. Knowledge Check

Module 8

  1. Managing the Change
  2. Developing a Change Management Plan
  3. Developing a Communication Plan
  4. Implementing the Plans
  5. Providing Constructive Criticism
  6. Encouraging Growth and Development
  7. Knowledge Check

Module 9

  1. Overcoming Roadblocks
  2. Common Obstacles
  3. Re-Evaluating Goals
  4. Focusing on Progress
  5. Knowledge Check

Module 10

  1. Reaching the End
  2. How to Know When You’ve Achieved Success
  3. Transitioning
  4. Wrapping it All Up
  5. Knowledge Check

Assessment

  1. Post-Test