Enjoying the preview?
This is the free first lesson. Get full access — request a demo or sign in.
Succession Management
Learn how to manage succession plansPreview the first lesson free — get full access to all 5 lessons.
Advanced Provider : Stephanie Douglas 5 Lessons · 13m in Arabic, English, Spanish
Course Description
This course, Succession Management, examines the processes of developing and presenting a compelling written plan to company leadership, as well as how to evaluate the succession plan after it’s been implemented. You’ll also learn common evaluation metrics and how to gather feedback from key stakeholders. Documentation and effective communication are critical in succession planning. By preparing comprehensive documentation and skillfully briefing leadership teams, you can ensure that all parties understand the plan.
Your succession plan is highly dependent on how you document, present, and manage it. Documenting every phase of succession planning helps you review the plan, make needed changes, and ensure that you’re following every step that’s needed. Clear documentation is important not only for presenting the case to company leadership, but it can also guide future succession plans and outline key takeaways from the experience. Documenting what metrics you use to evaluate the success of the plan and how you’re gathering feedback ensures that every step of the process is retained for future use. Monitoring the plan and creating feedback mechanisms will help you know if the plan has actually been successful. Refining and updating succession plans is the best way to keep them relevant and useful to the company.
What You'll Learn
- Develop and present a written succession plan to company leadership
- Prepare comprehensive documentation for every phase of succession planning
- Apply common metrics to evaluate the success of a succession plan
- Choose evaluation metrics based on your company's unique needs
- Monitor succession plans and create feedback mechanisms to gather stakeholder input
- Examine the role of predictive analytics and intuition in succession plan management
Key Takeaways
- Documentation and effective communication are critical to successful succession planning.
- Documenting every phase of succession planning helps you review the plan, make needed changes, and follow every required step.
- Clear documentation supports presenting the case to leadership and guides future succession plans.
- Monitoring the plan and creating feedback mechanisms helps determine whether the plan has been successful.
- Refining and updating succession plans is the best way to keep them relevant and useful to the company.
Frequently Asked Questions
What does this course cover?
It examines developing and presenting a written succession plan to company leadership, evaluating the plan after implementation, common evaluation metrics, and gathering feedback from key stakeholders.
What skills will I gain from this course?
You will build skills in communication strategies, good documentation practices, and performance measurement.
What topics are included in the lessons?
The lessons cover an Introduction, Documentation, Evaluating Succession Plans, Monitoring and Follow-Up, and a Test Your Knowledge section.
How does this course approach evaluating succession plans?
It teaches common metrics for evaluating succession plans, how to choose metrics based on your company's unique needs, and best practices for ongoing measurement and evaluation.
Does the course address predictive analytics?
Yes, it examines the role of predictive analytics and intuition in succession plan management.
