Change is an elemental factor in today’s business world, and in terms of people, employees may move into new roles or even leave the company. Both can have far-reaching implications, which is why successful organisations are increasingly realising the importance of succession planning in terms of their HR needs.
Business Succession Planning is an online program that will help you make the most of staffing challenges by analysing risk, forecasting needs, implementing succession plans, and reviewing and evaluating your plans according to an organisation’s long-term goals.
In this Business and Management course, you will discover the key elements of an organisational chart, learn how to define roles and identify critical staff and positions, and use mentoring and appreciative inquiry (AI) effectively.
You will also study how to craft your own personal action plan, undertake a phased implementation, identify challenges and undertake risk management.
On completion of this course, you will have gained expertise in the key elements of a succession plan, be able to define it in terms of roles, responsibilities, function, scope and success, and ultimately understand its value for the future of successful businesses.
Unit 1 - Business succession planning
Succession planning (SP)
Replacing versus succeeding
Replacement hiring (RH)
Supporting succession planning
Designing an effective succession plan
Succession planning and leaders
Components of the plan
The success cycle and results
Setting the scope
Identifying critical people
Sample organisational chart
Loyalty and gratitude
Resources and lifestyle
Developing external successors
Sample risk analysis form
Responsibilities and functions
Individual engagement plans
Individual profile forms
Finding and gathering information
Key ingredients a successful plan
Coaching and mentoring
Using appreciative inquiry (AI)
Choosing a leader
Putting the plan into action
The effect of value
Savvy and commitment
Evaluating and reviewing the plan
Personal action plan
Short term goals and rewards
Long term goals
When you study with Australian Online Courses, you will be assessed using a competency-based training method.
Competency-based training focuses on the achievement of skills and knowledge against set criteria to meet industry-standard and is not benchmarked against other students’ work.
In this course, the assessment will be comprised of written assignments and exercises, which may include short answer questions, reports, essays, research projects and reflective tasks.
If you do not achieve a competency result on your first attempt, you have two more attempts to pass your assessment. So, you have three attempts in total to obtain a competency result.
In this way, you can complete your course in your own time and at your own pace with the assistance of unlimited tutor support.
Why Choose Australian Online Courses?
Professional development that is widely recognised and respected;
Improve your employment opportunities;
Study online, anywhere via our elearning system;
High-quality professional development programs written by industry experts;
No entry requirements;
All course materials provided online – no textbooks to buy;
Unlimited tutor support;
Easy to understand course content;
Twelve (12) months’ access, with extensions available upon application (fees apply);
Certificate of Attainment/Completion issued for your CV (hard copy provided); and
Course may be tax deductible; see your tax advisor.
How long will it take to complete this course?
The approximate study hours for this course is 15 hours. Twelve (12) months’ access, with extensions available upon application (fees apply).
Can I purchase optional printed materials?
Yes! Total cost for optional printed materials is: $100.00 for this course. Printed materials are optional and not required to complete the course. Everything you need to complete the course is provided online via our e-learning system.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
Will I receive a certificate upon completion of this course?
Yes! You will receive a Certificate of Attainment upon successful completion of your assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our e-learning system and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.