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Business Succession Planning Coursework


    Business Succession Planning Coursework

    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.

    Succession Planning Vs. Replacement Planning

    Succession planning and replacement planning are two different things. Replacement planning is focused on identifying immediate understudies, while succession planning is focused on developing talent to move forward.

    What is Business Succession Planning?

    Successful succession planning is related to leadership development. It develops a pool of talent so that there are numerous qualified candidates throughout the organization to fill vacancies in leadership. Succession planning used to concentrate on developing leadership at the top level, but now it is building a strong talent base, which helps to increase employee loyalty and ensure the longevity of the company. This strategy requires recruiting qualified talent, creating a talent pool, and instilling loyalty.


    Coursework Objectives:

    • 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.
    • $ 490.00 $ 199.00
    • 28 Days
    • Course Certificate
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