Business Succession Planning
Details
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.
Outline
LEARNING OUTCOMES:
- Demonstrate an understanding of the value of succession planning for successful businesses.
- Demonstrate expertise with the key elements of a succession plan.
- Create and discuss aspects of a succession plan.
- Discuss the elements of a succession plan in terms of roles, responsibility, function, scope, and evaluation.
Speaker/s
Special Offer
SMART Management Training and Consultancy is a UK work-based training provider. We specialize in providing high-quality training and development opportunities aimed at individuals and corporates across the Gulf and Africa (UAE, GCC and Africa).
We're a tight knit team of Training Professionals. We always put our customers first and never stop until we are completely satisfied that we have done THE VERY BEST JOB possible. We're dynamic, creative and hardworking. Customer care is extremely important to us.
SMART Management Training and Consultancy delivers public and onsite courses as well as customized courses for any organizations's specific needs. Attendees receive high-quality training designed to implement programmes using proven techniques. Each year our training programmes help thousands of professionals both in the GCC and internationally.
After attending a course, attendees are able to immediately implement practices and put the information learned into action. Our course attendees are able to take the knowledge gained beyond the classroom into everyday work situations.
Who are our trainers?
Because we focus on the critical aspects of thinking skills, we are able to use a range of trainers who are specialists in this area of work. Our criteria for selecting trainers is straightforward. ...
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