Succession Planning

Start Date: 27 Oct 2024
End Date: 31 Oct 2024
Duration: 5
Fees:
Country: Kuala Lumpur / Malaysia
Category: Training & Human Resources
Details:

Course Description

Business succession planning is essentially preparing successors to take on vital leadership roles when the need arises. Whether it is preparing someone to take over as the sole proprietor of a small business or a position of leadership in a corporation, business succession planning is essential to the long-term survival of a company.

This course will teach the difference between succession planning and mere replacement planning and how to prepare people to take on the responsibilities of leadership so that the company thrives in the transition. 

 

Course Objectives

• Define business succession planning & its role in the 

organisation

• Lay the groundwork for developing a succession plan 

• Recognise the importance of mentorships 

• Learn to use a SWOT analysis to set goals 

• Create a plan, assign roles & execute the plan 

• Develop a plan to manage change 

• Learn to anticipate obstacles, re-evaluate goals & focus 

on progress 

• Learn how to know when success has been achieved 

 

 

Who Should Attend?

·         HR Managers

·         Supervisors

·         Executives

·         Anyone involved in HR planning

·         Anyone who is or will be responsible for taking on leadership roles

·         Anyone interested in developing leadership skills.

 

Program Schedule

DAY 1

Getting Started

·         Icebreaker

·         Housekeeping Items

·         The Parking Lot

·         Workshop Objectives

Succession Planning Vs. Replacement Planning

·         What is Business Succession Planning?

·         What Is Replacement Planning?

·         Differences Between

·         Deciding What You Need

DAY 2

  Preparing for the Planning Process

·         How to Set Parameters for the Planning Process

·         Should You Establish a Committee?

·         How to Gather Operational Data

 Initiating Process

·         Develop a Mission Statement

·         Develop a Vision Statement

·         Choosing to Be a Mentor

DAY 3

The SWOT Analysis

·         Identifying Strengths

·         Identifying Weaknesses

·         Identifying Opportunities

·         Identifying Threats

Developing the Succession Plan

·         Prioritize What the Succession Plan Will Address

·         Set Goals and Objectives

·         Develop a Strategy for Achieving Goals

·         Draft the Plan

DAY 4

Executing the Plan

·         Assign Responsibility and Authority

·         Establish a Monitoring System

·         Identifying Paths

·         Choosing Your Final Approach

Gaining Support

·         Gathering Data

·         Addressing Concerns and Issues

·         Evaluating and Adapting

Managing the Change

·         Developing a Change Management Plan

·         Developing a Communication Plan

·         Implementing the Plans

·         Providing Constructive Criticism

·         Encouraging Growth and Development

DAY 5

Overcoming Roadblocks

·         Common Obstacles

·         Re-Evaluating Goals

·         Focusing on Progress

Reaching the End

·         How to Know When You’ve Achieved Success

·         Transitioning

·         Wrapping it All Up

Wrapping Up

·         Words from the Wise

·         Review of Parking Lot

·         Lessons Learned

·         Completion of Action Plans and Evaluations


The Kuwait Institute For Career Development