Succession Planning

Succession Planning: The Unsung Hero of Business Continuity

Succession planning is essential for business continuity, focusing on preparing for the departure of key team members and ensuring smooth transitions to maintain operational stability.

Understanding the Bus Factor: When Team Resilience Hits a Bump in the Road

The bus factor is a measure of how a team's resilience is affected by the loss of key members, asking how many could be unexpectedly lost before the team struggles. It emphasizes the importance of knowledge sharing, cross-training, and succession planning to mitigate this risk and maintain business continuity.