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A key person takes a break. And the business collapses. How can that be avoided?

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I have seen in so many business organizations that a key person takes a break for a week and the business processes is brought to a complete standstill.

How can that be avoided in business? How can a business run such that one person's absense doesn't ground the business?
 
When a business relies on only one person, that person can just decide to hold the company to ransom.
It is dangerous for a business just to rely on one person alone. There should be a system and a team in place in case in case the key person is taking a break.
 
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