Business Succession Planning - Developing and Maintaining a Succession Plan
Details
- Demonstrate an understanding of the value of succession planning for successful businesses.
- Demonstrate expertise with the key elements of a succession plan.
- Create and discuss aspects of a succession plan.
- Discuss the elements of a succession plan in terms of roles, responsibility, function, scope, and evaluation.
Outline
You will spend the first part of the day getting to know participants and discussing what will take place during the workshop. Students will also have an opportunity to identify their personal learning objectives.
To begin, participants will explore the differences between succession planning and replacement hiring, including some of the advantages of succession planning.
This session introduces the SUCCESS acronym, which defines the succession plan process that the remainder of the course will focus on.
Next, participants will use information gathered in their pre-assignment to identify the critical people in their organization.
This session will give participants some tools to identify internal and external successors. We will also look at a sample risk assessment.
During this session, participants will start creating risk assessments, individualized engagement plans, and succession plan profiles.
This session will help participants identify ways to look within their own organizations and determine what the critical positions are.
There are six key ingredients to being able to forecast what people you will need when. Participants will explore each item in small groups. Participants will also learn about the role of coaching and mentoring.
Next, participants will learn about using Appreciative Inquiry and Leadership Quality Assessments to develop a succession plan.
During this session, participants will explore the idea of phased implementation. We will also look at using technology to facilitate putting the plan into action.
This session will look at the importance of evaluation. Participants will also work on modifying an evaluation checklist to suit their organization’s needs.
To wrap up the day, participants will identify their next steps and participate in a review exercise.
At the end of the course, students will have an opportunity to ask questions and fill out an action plan.
Our focus is on the development of real skills and practical solutions that are easy to apply immediately following the training session. Our programs are high impact and interactive sessions that are devoted to getting participants to reach peak performance. Real skills are sustainable, hype is short-lived.
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Why is Training Critical?
People are essential to the growth and success of any business. The greatest asset that any company has is the abilities of its team. Leading organizations understand that effective and consistent training will ensure continuous success and growth.
Effective training is focused on enhancing the inherent skills of an individual. It provides solutions that will increase productivity, performance and even personal growth, such as: behaviours, communication skills, better business practices and increased motivation. ...
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