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Olof Söderblom is chairman of Compass Management Consulting, the management consultancy he co-founded in 1980. He also contributes actively at the conceptual level to the development and enhancement of Compass' service lines.
The chairman is the highest officer of an organized group such as a board, a committee, or a deliberative assembly. The person holding the office is typically elected or appointed by the members of the group, and the chairman presides over meetings of the assembled group and conducts its business in an orderly fashion.
Olof has been awarded world-wide patents on inventions in the fields of component testing, medical laboratory equipment, military systems and data communications. His best known invention is the token ring [ citation needed ] which forms the basis for several international standards in data communications. He pioneered and developed "Fact Based Consulting" the quantitative consulting methodology using functional models on which Compass is based. Olof is a regular speaker at conferences and seminars worldwide and is considered an authority on the causes and resolution of the challenges associated with attaining business value from information technology.
A patent is a form of intellectual property. A patent gives its owner the right to exclude others from making, using, selling, and importing an invention for a limited period of time, usually twenty years. The patent rights are granted in exchange for an enabling public disclosure of the invention. In most countries patent rights fall under civil law and the patent holder needs to sue someone infringing the patent in order to enforce his or her rights. In some industries patents are an essential form of competitive advantage; in others they are irrelevant.
Token Ring local area network (LAN) technology is a communications protocol for local area networks. It uses a special three-byte frame called a "token" that travels around a logical "ring" of workstations or servers. This token passing is a channel access method providing fair access for all stations, and eliminating the collisions of contention-based access methods.
Olof has extensive experience in the realisation and application of digital and information technology going back to the late 1950s. He has been involved in the design and implementation of computer hardware, operating systems, data networks, applications software as well as organisational designs based on IT support. Olof has consulted widely, assisting senior management of major corporations to resolve management, cost and quality issues in IT and the fusion of business and IT. Prior to Compass Olof held senior and management positions at IBM and other major corporations.
International Business Machines Corporation (IBM) is an American multinational information technology company headquartered in Armonk, New York, with operations in over 170 countries. The company began in 1911, founded in Endicott, New York, as the Computing-Tabulating-Recording Company (CTR) and was renamed "International Business Machines" in 1924.