Course Content
Module 1: Introduction to Business Succession Planning
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5 Topics
1 Quiz
Introduction to Business Succession Planning
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What is Business Succession Planning?
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Importance of Succession Planning
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Succession Planning Statistics
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Course Objectives
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Module 1: Introduction to Business Succession Planning
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Module 2: Creating a Succession Planning Strategy
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5 Topics
1 Quiz
Introduction to Creating a Succession Planning Strategy
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Key Elements of a Strategy
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Identifying Business Needs
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Setting Clear Goals
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Developing a Timeline
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Module 2: Creating a Succession Planning Strategy
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Module 3: Identifying Successor Candidates
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5 Topics
1 Quiz
Introduction to Identifying Successor Candidates
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Internal vs External Candidates
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Leadership Qualities to Look For
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Tools for Identifying Candidates
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Discussing Potential Candidates
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Module 3: Identifying Successor Candidates
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Module 4: Developing Successor Talent
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5 Topics
1 Quiz
Introduction to Developing Successor Talent
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Importance of Development Programs
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Training Plans and Resources
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Mentoring and Coaching
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Continuous Learning & Development
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Module 4: Developing Successor Talent
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Module 5: Legal Considerations in Succession Planning
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5 Topics
1 Quiz
Introduction to Legal Considerations in Succession Planning
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Key Legal Aspects
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Employment Laws
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Contracts and Agreements
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Legal Risks and Mitigation
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Module 5: Legal Considerations in Succession Planning
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Module 6: Financial Planning for Succession
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5 Topics
1 Quiz
Introduction to Financial Planning for Succession
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Assessing Financial Resources
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Funding Succession Decisions
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Valuation of Business
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Tax Implications
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Module 6: Financial Planning for Succession
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Module 7: Communication Strategies
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5 Topics
1 Quiz
Introduction to Communication Strategies
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Importance of Communication
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Stakeholder Engagement
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Preparing Communication Plans
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Managing Expectations
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Module 7: Communication Strategies
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Module 8: Managing Talent Transition
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5 Topics
1 Quiz
Introduction to Managing Talent Transition
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Transition Timelines
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Onboarding Successors
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Knowledge Transfer Methods
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Monitoring Progress
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Module 8: Managing Talent Transition
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Module 9: Crisis Management and Succession Planning
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5 Topics
1 Quiz
Introduction to Crisis Management and Succession Planning
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Importance of Contingency Plans
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Developing a Crisis Management Plan
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Succession Planning in Crisis
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Case Studies
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Module 9: Crisis Management and Succession Planning
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Module 10: Family-Owned Business Considerations
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5 Topics
1 Quiz
Introduction to Family-Owned Business Considerations
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Unique Challenges
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Balancing Family Dynamics
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Preparing the Next Generation
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Governance Structures
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Module 10: Family-Owned Business Considerations
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Module 11: Technology in Succession Planning
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5 Topics
1 Quiz
Introduction to Technology in Succession Planning
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Role of Technology
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Tools and Software
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Data Analytics in Planning
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Future Trends
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Module 11: Technology in Succession Planning
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Module 12: Evaluating and Updating Succession Plans
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5 Topics
1 Quiz
Introduction to Evaluating and Updating Succession Plans
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Importance of Ongoing Reviews
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Methods for Evaluation
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Updating Plans Based on Feedback
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Continuous Improvement
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Module 12: Evaluating and Updating Succession Plans
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