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Business Succession Planning
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. It is essential to the long-term survival of a company. Every company should have a form of succession planning in its portfolio as it is not the expected absences that can cripple a company, but the unexpected ones.
Whether it is preparing someone to take over a position of leadership in a corporation, or the sole proprietor of a small business, Business Succession Planning will teach you the difference between succession planning and mere replacement planning. How you prepare people to take on the responsibilities of leadership so that the company thrives in the transition is just as important as picking the right person for the job.
Who should attend?
Professionals that are looking for a deeper understanding of succession planning and direction and how to apply in their current roles (NASBA Field of Study: Business Management & Organization).
- 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
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GoldSRD is a leading provider of high-quality, interactive professional development. We have over 170 full-day courses on Internal Audit, Accounting, Finance, IT Audit and People-Centric (“soft skills”). Our Founder, Danny M. Goldberg, is a former chief auditor with over 21...
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