COURSE OVERVIEW & CONTENT:
Business succession planning is the process of identifying and preparing the next generation of leaders for a business. It involves identifying key roles within the company and developing a plan to fill those roles with qualified individuals. There are several benefits to having a solid business succession plan in place.
First, it ensures that the business can continue to operate smoothly even if key employees leave or retire. This is important for maintaining stability and minimizing disruptions. Second, it can help to identify and groom potential leaders within the company, helping to develop the skills and experience necessary for these individuals to be successful in their roles.
Additionally, a well-planned succession can help to maintain the value of the business, as it demonstrates to investors and stakeholders that there is a plan in place for the future. Finally, succession planning can help to ensure that the company's culture and values are preserved over time. Overall, business succession planning is an important tool for any business looking to ensure its long-term success.
A Need for Succession Planning
Defining a Succession Plan
Critical People in Organization
Identifying Resources and Analyzing Risks
Defining Roles, Responsibilities, and Functions
Putting the Plan Together
Putting the Plan into Action
Evaluating and Reviewing the Plan
Your Action Plan
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