Succession Planning Vs. Replacement Planning

What is Business Succession Planning?

What Is Replacement Planning?

Differences Between

Deciding What You Need

Preparing for the Planning Process

How to Set Parameters for the Planning Process

Should You Establish a Committee?

How to Gather Operational Data

Initiating Process

Develop a Mission Statement

Develop a Vision Statement

Choosing to Be a Mentor

The SWOT Analysis

Identifying Strengths

Identifying Weaknesses

Identifying Opportunities

Identifying Threats

Developing the Succession Plan

Prioritize What the Succession Plan Will Address

Set Goals and Objectives

Develop a Strategy for Achieving Goals

Draft the Plan

Executing the Plan

Assign Responsibility and Authority

Establish a Monitoring System

Identifying Paths

Choosing Your Final Approach

Gaining Support

Gathering Data

Addressing Concerns and Issues

Evaluating and Adapting

Managing the Change

Developing a Change Management Plan

Developing a Communication Plan

Implementing the Plans

Providing Constructive Criticism

Encouraging Growth and Development

Overcoming Roadblocks

Common Obstacles

Re-Evaluating Goals

Focusing on Progress

Reaching the End

How to Know When You’ve Achieved Success

Transitioning

Wrapping it All Up