Are you prepared for sudden changes in Leadership?

Steve Jobs, Apple chief executive, has announced he will take a medical leave of absence. The New York Times reported Jobs has been increasingly absent in the office and has not had a public appearance sine October. Chief operating officer Timothy Cook will maintain the daily company operations.

How will Apple manage without Jobs? This is the question in the minds of many investors and consumers. Apple’s revenue was up 78% last quarter and is making a huge step in offering iPhones through Verizon in the next month. But how will day to day operations manage without the mastermind behind the business?

Cook is well prepared to take over for Jobs in the coming months. Although, Jobs has not release how long he will be gone, Cook performed the same duties in 2009 when Jobs took his last medical leave of absence.

Jobs leave of absence has opened the eyes of many companies. Medical issues, in many cases, are unavoidable. So how would your company manage without the CEO? Are back-up plans in place? Do other leaders know where projects are?  What about the location of important information hidden behind password protected systems?

Have you thought about this in your business?