Key Person approach

The Key Person approach is a method used by businesses or associations to assess their reliance on specific individuals—often leaders or experts—whose skills, knowledge, or relationships are critical to success. It involves identifying these key individuals, understanding the risks if they leave or become unavailable, and planning strategies to mitigate potential disruptions. This approach helps organizations ensure continuity, protect valuable expertise, and develop plans to maintain operations even if key persons depart. Essentially, it’s about recognizing important individuals and preparing accordingly to safeguard the organization’s stability and growth.