Since the future is volatile, uncertain, complex and ambiguous (VUCA), as is the arrival of assorted black swan events, smart organisations build business resilience in the meantime.

Building a significant level of financial reserves increases your ability to buy time or play for time, accelerate innovations or isolate threats. Automating key processes and investing in significant cyber security (to protect databases and process automation) are additional mitigations.

Some board members will complain that building resilience is the enemy of profitability and efficiency. But without resilience, there may not be a future entity to generate profits from.