The board of directors' primary responsibility is to protect the assets of shareholders, trying to ensure they receive a strong return on their investments. In some cases, directors include venture capitalists or angel investors who have invested in a technology business. In others, directors are selected from outside the IT industry, perhaps because of their connections or success in complementary businesses. A board of directors can be a big asset. After all, the board gives a business the opp
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Sanford Robertson, principal at Francisco Partners, has played a key role in financing many of today's leading technology companies, such as 3Com, AOL, Dell, Siebel, and Sun. Before founding Francisco Partners, Robertson in 1978 created Robertson, Stephens & Co., a technology investment bank that was sold to BankAmerica in 1998.
He also founded Robertson, Coleman, Siebel & Weisel, later renamed Montgomery Securities. Robertson continues to play an active role, sitting on the boards of several technology and non-tech organizations, including Salesforce.com, Dolby Laboratories, Pain Therapeutics, and the Schwab Fund for Charitable Giving, as well as on the President's Board at the University of Michigan.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.
InformationWeek Tech Digest, Nov. 10, 2014Just 30% of respondents to our new survey say their companies are very or extremely effective at identifying critical data and analyzing it to make decisions, down from 42% in 2013. What gives?