Portical Inc.,a leading electrical appliance manufacturing firm based in Canada,faced a severe financial crisis as 15 percent of its vital employees moved to different firms and 21 percent of its employees retired.It faced severe deficit in customer satisfaction,production rate,sales,and customer relationship.The new employees tried their best to overcome the deficit but were successful only to a small extent.Which of the following can be a reason for the issues faced by the firm?

Question

Quizplus · Accepted Answer

The loss of key employees who had expertise in important areas has resulted in a deficit in important aspects of the business, leading to the financial crisis.