Duration: 1 Day Program – 6 Hours

Program Overview:

Formulating a strategy is no longer seen as an occasional planning exercise but rather a way of thinking that enables managers to see the bigger picture and choose actions to address the most important issues, aligned with the organization’s strategic goals and, where appropriate, challenge conventional thinking by offering fresh, creative ideas and plans. Equally important, once a strategy has been chosen, is the ability to implement it successfully to deliver results. Professional managers require the skills and competencies to think and act strategically, especially in an M&A context. The loss of valuable leadership can cripple a company. Business succession planning is essentially preparing successors to take on vital leadership roles when the need arises. It is essential to the long-term survival of a company. Every company should have a form of succession planning in its portfolio as it is not the expected absences that can cripple a company, but the unexpected ones. Whether it is preparing someone to take over a position of leadership in a corporation, or the sole proprietor of a small business. Business Succession Planning will teach you the difference between succession planning and mere replacement planning. How you prepare people to take on the responsibilities of leadership so that the company thrives in the transition is just as important as picking the right person for the job.

Program Objectives:

• Develop strategic thinking skills through practicing methods and techniques that enable new perspectives to be taken
• Understand the difference between strategic thinking and planning
• Learn that strategy is about choice: finding out what is key and concentrating on strategy that delivers the big goals
• Practice a systematic approach to quickly, but thoroughly developing, delivering and measuring business plans
• Identify and understand the difference between good and bad strategy
• Define business succession planning and its role in your company
• Lay the groundwork to develop a succession plan
• The importance of mentorship
• Define and use a SWOT analysis to set goals
• Create a plan, assign roles, and execute the plan
• Communicate to develop support and manage change
• Anticipate obstacles, and evaluate and adapt goals and plans.
• Characterize success