Key Person Risk: Could the loss of one person sink your business?

Posted on 27 Apr 2020 by The Manufacturer

In the sixth of our ‘Lean manufacturing in the digital age’ series, we explore how being too reliant on a handful of key individuals can leave a gaping hole in your organisation should they decide to move on.

Key Person Risk. You might not have heard the term, but the ramifications of it have almost certainly crossed your mind. Key-person risk arises when your business relies too heavily on one or a small handful of individuals who generate enormous value to your operation. Common examples of key people in manufacturing include design visionaries,…

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