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OpenLearning

Business Succession Planning

via OpenLearning

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Overview

Learn to develop and implement comprehensive business succession planning strategies through this 10-hour course. Define business succession planning and understand its critical role in organizational continuity, then lay the essential groundwork for creating an effective succession plan. Explore the importance of mentorship in leadership development and master SWOT analysis techniques to establish clear succession goals. Develop skills in plan creation, role assignment, and execution while learning effective communication strategies to build organizational support and manage change during transitions. Anticipate potential obstacles that may arise during succession processes and gain expertise in evaluating and adapting goals and plans as circumstances evolve. Conclude by learning how to measure and characterize success in business succession planning initiatives.

Syllabus

  • 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

Taught by

ECA Online

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