Business Succession Planning Workshop in Los Angeles on Jun 24th, 2024 (2024)

Certificate: Course Completion Certificate

Language: English

Duration: 1 Day

Credits: 8

Refreshments: Snacks, Beverages and Lunch included in a classroom session

Course Delivery: Classroom

Course Overview:

Business Succession planning is all about being prepared. The loss of valuable leadership can cripple even the strongest of companies. Succession planning is an essential component to the survival and growth of any business. Whether it is grooming employees to become leaders, or preparing for an employee’s retirement, your participants will identify common obstacles and how to overcome them.

Our Business Succession Planning workshop will show you the differences between succession planning and mere replacement planning. How you prepare people to take on leadership responsibilities is just as important as hiring the right person for the job. Every company should have a form of succession planning in its portfolio.

Target Audience:

Anybody who is interested in learning Business Succession Planning

Learning Objectives:

In this course participants will:

  • Learn the importance of succession planning
  • Understand the process of succession planning
  • Recognise the importance of mentoring as a component of your plan
  • Learn to set goals using a SWOT analysis
  • Draft a plan, assign responsibilities and establish monitoring systems
  • Understand the importance of change management
  • Learn to anticipate obstacles
  • Know how to re-evaluate goals and focus on progress
  • Recognise when success has been achieved

Prerequisites:

None

Course Materials:

Students will receive a course manual with presentation slides and reference materials.

Technical Requirements:

For eBooks:

Internet for downloading the eBook

Laptop, tablet, Smartphone, eReader (No Kindle)

Adobe DRM supported software (e.g. Digital Editions, Bluefire Reader)

eBook download and activation instructions

Agile For Product Owner Training: When an organization makes the decision to adopt agile, it takes much more than pulling together a development team and allowing them to work in an iterative manner. Agile is a true shift in how individuals collaborate, communicate and operate. Agile requires an all in mindset from both business and technology where all individuals work together to deliver business value in the form of working software.

The Agile for Product Owners course will provide the knowledge to understand and apply the principles of agile. At the end of the course, participants will be able to effectively plan, prioritize and manage a product roadmap to deliver business value, understand the role of the Product Owner and the development team within an iterative process, and gain the skills necessary to become an agile leader to drive your organization to the next level.

Business Etiquette Workshop: These Business Etiquette training have been developed to help ensure the people in your organisation are aware of the importance of meeting common workplace standards. You may not be aware how certain behaviours affect others within the organisation, and indeed how that affects the business as a whole. Alternatively, it might be that people need to have honest conversations with each other to ensure they work together collaboratively.

The session will help you to build self-awareness and will highlight the important parts of business etiquette and why it’s such an important topic.

Business Writing Workshop: Writing is a key method of communication for most people, and it”s one that many people struggle with. Writing and communication skills have degraded with more and more people communicating through email and text messaging. Developing writing skills is still important is the business world as creating proper documents (such as proposals, reports, and agendas), giving you that extra edge in the workplace.

Elements of Risk Management Workshop: The mission of every organization is affected by today’s global economy and the digital era. Organizations are critically dependent on information technology (IT) to better support their business Goals. Risk Management plays a critical role in protecting an organization’s information assets, and its mission therein, from IT-related Risk. An effective Risk Management Process is an important component of a successful IT security program. The principal goal of an organization’s Risk Management Process should be to protect the organization and its ability to perform their mission, not just its IT assets. Therefore, the Risk Management Process should not be treated primarily as a technical function carried out by the IT experts who operate and manage the IT system, but as an essential Management function of the organization.

Business Analyst Bootcamp: This 4-day Business Analyst Bootcamp will give you hands-on experience with the latest proven techniques for identifying a project’s scope, developing and discovering requirements and uses cases, and documenting them expertly. Lively lectures combined with insightful demonstrations and realistic practice exercises will provide you with the competence and confidence to improve project outcomes through better requirements elicitation and use case development.

Business Ethics Workshop: A company”s ethics will determine its reputation. Good business ethics are essential for the long-term success of an organization. Implementing an ethical program will foster a successful company culture and increase profitability. Developing a Business Ethics program takes time and effort, but doing so will do more than improve business, it will change lives.

A company”s ethics will have an influence on all levels of business. It will influence all who interact with the company including customers, employees, suppliers, competitors, etc. All of these groups will have an effect on the way a company”s ethics are developed. It is a two-way street; the influence goes both ways, which makes understanding ethics a very important part of doing business today. Ethics is very important, as news can now spread faster and farther than ever before.

Business Networking Workshop: These networking skills training will help you to build a professional reputation and develop a network of connections through the two key methods available to you; face-to-face and online.

You will discover how to effectively combine these two approaches and create a strategy for networking success that will generate your own community and actively grow your personal network. This will result in an improved performance in your approach to networking and consequently provide opportunities and prospects that will increase your business success.

The training provides you with the tools and techniques to both plan a successful, strategic approach to networking and develop your personal communication skills, which will ensure you build effective business relationships.

Marketing Essentials Workshop: This Training, ‘Marketing Essentials’ cover the basics of marketing and are intended not only for people who are new to a marketing role, but just about anybody in the organisation. A basic understanding of the subject is particularly valuable to people in management, selling and customer service roles.

Agile Scrum Master Training: The EXIN Agile Scrum Master certification validates participants’ skills and knowledge of the Agile framework and Scrum methodology.

Agile Scrum is about working together to successfully reach a goal. Agile methodologies are popular approaches in software development and are increasingly being used in other areas. Scrum practices include establishing cross-functional and self-managed teams, producing a working deliverable at the end of each iteration or Sprint. This certification focuses on adopting Agile or Scrum in the workplace and taking on the role of Scrum Master.

Internet Marketing Fundamentals Workshop: Marketing has changed dramatically over the last decade. Marketing is all about communicating, and the Internet has completely changed the way people communicate. The Internet is a marketer”s dream come true, especially with Social Media, as you have a low cost marketing tool that can reach a large audience.

Internet Marketing Fundamentals will provide your participants with a great set of skills to market your business online. Content is the king of Internet marketing, and your participants will need to know how to utilize your great content. If you want your business to grow then your participants need to understand Internet Marketing Fundamentals.

Business Succession Planning Workshop in Los Angeles on Jun 24th, 2024 (2024)

FAQs

What is the difference between succession management and succession planning? ›

Succession management vs succession planning

Succession planning is the process of identifying and developing a talent bench for a specific position or positions. Succession management is a more birds-eye view that focuses on building long-term talent benches and leadership maps for the organisation at large.

What is a business succession plan? ›

Succession planning is the process of identifying the critical positions within your organization and developing action plans for individuals to assume those positions.

What is a succession plan example? ›

Family-owned businesses that transfer ownership from one generation to the next are prime examples of succession planning. Simply assuming a child or relative will one day take the reins does not ensure the organization's survival. The transition requires strategic conversations, training and thorough preparation.

Who is responsible for succession planning? ›

The primary responsibility for succession management should rest with the board of directors and the CEO with the assistance of human resources. Effective succession management is much more than simply having a slate of candidates to replace the CEO.

What is another name for succession planning? ›

Succession planning is also commonly known as replacement planning and often involves passing on ownership of a company to someone else.

What is the timeline for succession planning? ›

Is There an Optimal Timeline for Succession Planning? The short answer to this question is, well, not really. Every company's timeline is individual. But it often takes 12 months or more to build out a leadership succession plan and depending on business needs it could take more than two or even three years.

What are the 5 D's of succession planning? ›

Consideration of the 5 Ds alone—death, disability, divorce, disagreement, and distress—should prompt business owners to initiate the exit and succession planning process, as they represent the certainties that business ownership will eventually transition.

When should succession planning begin? ›

Planning for succession should begin well before the owner(s) reach retirement age or experience any health difficulties. Adequate time is required to groom and prepare a successor, transfer knowledge and skills, and handle any legal or financial issues that may develop during the transition.

What is the role of HR in succession planning? ›

The role of HR in succession planning is about much more than filling vacancies – it's centered on ensuring an organization can adapt and continue to thrive today and in the future.

How many business owners do not have a succession plan? ›

No one goes through the work, risk, and sacrifice of starting a business without hoping it will last. Building something that endures is the dream that motivates entrepreneurs.

What companies use succession planning? ›

By identifying and developing future leaders, businesses can ensure a seamless transition when key positions become vacant. Examples from companies like Apple and Microsoft demonstrate the significant impact of effective succession planning on long-term success.

How do you create a basic succession plan? ›

A succession plan should include a clear identification of key positions, assessment criteria for potential successors, development plans tailored to individual needs, strategies for knowledge transfer, communication protocols, and a process for ongoing monitoring and adjustment.

How long is a succession plan? ›

Succession planning is a 12- to 36-month process. Encourage team members and leaders to think long-term and big-picture during the program development.

What succession management means? ›

Succession management is a wider set of resourcing and development processes within which succession planning sits. These include recruitment and selection, workforce planning, skills analysis, talent management and management development (including graduate and high-flyer programmes).

What is succession planning in simple terms? ›

Succession planning in HR is the process of preparing people for future roles to support continuous business functioning. Succession planning is a long-term, strategic investment that buffers both large and medium-sized businesses against inevitable future disruptions or sudden job vacancies.

What are the four stages of succession planning? ›

In this article, we'll explore the four stages of succession planning and provide tips for organizations to implement each stage effectively.
  • Stage 1: Identify Key Positions. ...
  • Stage 2: Assess Current Talent. ...
  • Stage 3: Develop Talent. ...
  • Stage 4: Monitor Progress. ...
  • Tips for Implementing Succession Planning. ...
  • Start Early.

What is the difference between estate planning and succession planning? ›

Estate planning, in general, is the transfer of assets and wealth (think: things) at death. Sometimes estate planning transfers assets before death as part of a long-term plan. Succession planning is transferring decision-making and leadership (think: people, processes).

Top Articles
Latest Posts
Article information

Author: Van Hayes

Last Updated:

Views: 6154

Rating: 4.6 / 5 (46 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Van Hayes

Birthday: 1994-06-07

Address: 2004 Kling Rapid, New Destiny, MT 64658-2367

Phone: +512425013758

Job: National Farming Director

Hobby: Reading, Polo, Genealogy, amateur radio, Scouting, Stand-up comedy, Cryptography

Introduction: My name is Van Hayes, I am a thankful, friendly, smiling, calm, powerful, fine, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.