Organizational Development: Business Succession Planning

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Organizational Development: Business Succession Planning

Business Succession Planning is a complex organizational process which outlines several business processes, and spans across multiple business industries. The objective of business succession planning is to ensure a proper transition between the leaders and managers that assume the responsibility of carrying out the tasks and responsibilities. In this course you will learn about the fundamental theoretical and practical implications related to business succession planning, and how to develop business succession planning practices and policies that can help you ensure operational success.    

Learning Objectives

  • Understand the fundamental concepts that are associated with business succession planning.
  • Understand the business importance of developing and implementing a business succession plan.
  • Incorporate the industrial knowledge and concepts of successfully managing the transition between managerial competences.
  • Develop strategies for implementing business succession planning for your organization and identify potential opportunities and obstacles that may correlate within the process.

About this course  

Succession planning for an organization helps them to better prepare for the event of changing the designation of responsibilities from one individual to another. The event of an resignation or retirement from an organization personnel needs to be associated with a succession planning for ensuring that responsibilities will be delegated to a suitable candidate that has been groomed by the organization as a potential manager for those processes.

This course is developed to provide a theoretical and practical understanding of the concepts and aspects which are related to business succession planning. Furthermore, this course aims to support you in the process of gaining the necessary knowledge so that you can utilize the best practices for developing a business succession plan, how to evaluate the internal and external competences of the organization, and to develop a plan that will ensure the continuance of the business processes without having to rely on one particular individual to carry out the work.