Business Succession Planning
| Objective |
: |
To introduce to the senior management and board members the issue of executive succession planning in maintaining competitive advantage and sustaining corporate performance and growth. It also provides the board of directors with a framework of a basic succession plan. |
| Audience |
: |
All senior managers and top management team. Board members are recommended to participate. |
| Methodology |
: |
Topical discussions, self reflection, scenario analysis and Q&A sessions. |
| Duration |
: |
2 days |
Course Outline
| I. |
Overview of succession planning
a. The case for succession planning
b. Key positions in succession planning
c. Responsibility for succession planning |
| II. |
Scope of succession planning
a. Position analysis
b. Forecasting future needs
c. Developing succession strategies
d. Monitoring programme effectiveness |
| III. |
Developing the succession plan
a. Setting organizational climate
b. The dream team
c. Identifying the key positions
d. Searching future replacement leaders
e. Leadership development programme |
| IV. |
Implementing the succession plan
a. Corporate policy
b. Communication strategies
c. Continuous plan evaluation |
| V. |
Conclusion and review
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