What steps can small company take to mitigate potential loss


Discussion

1. 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.

2. 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?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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