
5 myths of entrepreneurship
Drawing on his recent IMD podcast with Amar Bhidé, IMD Professor of Management Stefan Michel debunks longstanding misconceptions about entrepreneurship....

by Öykü Işık Published January 30, 2025 in Brain Circuits • 3 min read
The British Library is the national library of the United Kingdom and one of the world’s largest libraries. In October 2023 it was the victim of a major ransomware attack that severely disrupted its operations and compromised sensitive data. Its historically complex and diverse technology infrastructure likely contributed to the attack’s impact. The organization adopted a strategy of full transparency and produced a detailed report into the causes and nature of the attack and initial recovery. Its experience offers key lessons for all organizations about cybersecurity vulnerabilities and crisis management.
To ensure full coverage across legacy and modern infrastructure.
To enable rapid incident response.
This should include all external access points.
An effective cybersecurity strategy requires continued vigilance and adaptability.
To limit potential damage from breaches.
To prepare for total system outages.
At senior management and supervisory board levels (also vital from a compliance and governance perspective).
To recognize that it’s not always possible to understand or “fix” the root cause of a breach.
Any attack will likely have a damaging impact, but the extent will depend on your level of preparedness.
To identify your ability to fulfill the main business functions across multiple areas.
The British Library’s ransomware attack and its crisis response highlight the importance of continual investment to keep infrastructure and applications current.

Professor of Digital Strategy and Cybersecurity at IMD
Öykü Işık is Professor of Digital Strategy and Cybersecurity at IMD, where she leads the Cybersecurity Risk and Strategy program and co-directs the Generative AI for Business Sprint. She is an expert on digital resilience and the ways in which disruptive technologies challenge our society and organizations. Named on the Thinkers50 Radar 2022 list of up-and-coming global thought leaders, she helps businesses to tackle cybersecurity, data privacy, and digital ethics challenges, and enables CEOs and other executives to understand these issues.

21 hours ago • by Stefan Michel in Brain Circuits
Drawing on his recent IMD podcast with Amar Bhidé, IMD Professor of Management Stefan Michel debunks longstanding misconceptions about entrepreneurship....

February 10, 2026 • by Susanne May in Brain Circuits
Forget everything you’ve heard about genius CEOs, intuition, and heroic decision-making, says Susanne May – use Jensen Huang’s radical leadership of Nvidia as a blueprint to succeed in the AI era....

February 5, 2026 • by Michael D. Watkins in Brain Circuits
AI can do plenty in terms of learning and skills development – but educators and talent leaders also need to understand what AI tools should not be used for. ...

February 4, 2026 • by Philip Thomas in Brain Circuits
Global brands expert Philip Thomas suggests simple ways for businesses to walk the tightrope between buzz and backlash in today’s divisive cultural and political landscape. ...
Explore first person business intelligence from top minds curated for a global executive audience