The danger of relying on a ‘key man’

The danger of relying on a ‘key man’ | Insurance Business America

The danger of relying on a ‘key man’
The UK version of motoring show Top Gear, widely aired around the world, has been suspended from the schedules in its home country after a rumored ‘fracas’ involving a producer and its star presenter Jeremy Clarkson. The crisis now facing the BBC is something that can happen at many businesses. Top Gear reportedly makes the broadcaster more than U$200 million a year in worldwide sales and many pundits and fans alike say that the show wouldn’t work without Clarkson; therein lies the risk. If there is truth in the rumored altercation and the company is forced to axe the presenter it could significantly damage the revenue. In many businesses the removal or unavailability of key players could damage operations, revenue, reputation and more. They may not be famous but is there someone in your business that has a client list, knowledge or other asset that is essential to your success? It’s a risk worth assessing.