Details

Organizational survival in a globally competitive business environment depends in part on having identified and developed replacements/successors for business-critical positions. This is the essence of succession planning.

Strategic Succession Planning is a process for identifying and developing internal employees with the potential to assume key business leadership positions in the company.

Succession Planning in a further formal definition is the process of identifying one or more successors for critical positions and preparing them for expanded organizational responsibilities through job assignments and other developmental activities.

Why Strategic Succession Planning? Succession Planning increases the availability of experienced and capable employees that are prepared to assume strategic & leadership roles as they become available.

 
Course Objectives

By the end of the Strategic Succession Planning course, the participants of this course will be able to understand:

·         Basics of Succession Planning

·         Know WHAT succession planning is.

·         Know WHY they and their organization must have a succession plan.

·         Know HOW to design a succession plan

·         Importance of holistic succession planning process

·         Prerequisites of Success Planning

·         Approach to Succession Planning & Management

·         Choosing internal vs external successors

·         Key aspects of an effective Succession Planning & Management System

·         Continuum of Succession Processes

·         Succession Planning in family-owned businesses

·         Obstacles to the effective succession management process

·         Mistakes to avoid in the Succession Planning process

·         Measuring the effectiveness of Success Planning intervention

Course Outline

·         Session One: Course Overview

·         Session Two: A Need for Succession Planning

·         Session Three: Defining a Succession Plan

·         Strong Leaders and a Strong Organization

·         Components of the Plan

·         Setting the Scope

·         Session Four: Identifying Resources and Analyzing Risks

·         Identifying Resources

·         Risk Assessment

·         Session Five: Defining Roles, Responsibilities, and Functions

·         Individualized Engagement Plans

·         Working the Plan

·         Session Six: Forecasting Needs

·         Key Ingredients of a Successful Plan

·         Coaching and Mentoring

·         Session Seven: Putting the Plan Together

                      i.        Putting the Plan into Action

                    ii.        Phased Implementation

                   iii.        Evaluating and Reviewing the Plan

                   iv.        Pre- and Post-Assessment Answer Keys

                    v.        Personal Action Plan