Smart leaders know that the basis of success in business (and life) is having a solid plan and then implementing it effectively. But there are still some organizations that haven't got a definite, or even informal, succession plan for dealing with the loss of key senior executives.
Rather than ask the question "What are the odds of something happening?", the better question is "What would be the result if it DID happen?" It's the rationale behind life insurance, and it makes sense.
So a realistic leader is prepared for the abrupt loss of a key team member, and ready to move a successor into their place, quickly, and without interruption or loss of business… Are you?