week 13 bus

Q1: Small companies are perhaps more vulnerable to the loss of key employees and the resulting loss of organizational knowledge.

What steps can a small company take to mitigate this potential loss?

Answers might include requiring well-kept documentation of job duties, extensive cross-training, key employee insurance, etc.

Q2: In addition to key executives, there are other positions in a company that may be considered critical, or whose loss will be difficult for the company.

What will happen if a network administrator leaves? What customers or contacts would the company lose if a sales representative leaves?

What other positions can you name where a loss would have a potentially significant negative effect on the company?