Here’s What You Should Know About Ethan Stiles

Published on: 01 March 2019 Last Updated on: 11 January 2020
Ethan Stiles

For some of those who do not know, Ethan Stiles is the vice president of product for Food at the Starbucks Coffee Company. In a span of 15 years, Ethan has worked in business strategy and product roles globally at different sets of companies like that of Samsung Electronics, McKinsey & Company, Group Health Cooperative, and AT&T Wireless.

When Ethan was at Starbucks, he has delivered compounded growth to the company year on year. He was the one responsible for the launching of the Pink Drink and Ombre Pink Drink which got the millennial generation goes gaga. Furthermore, Ethan was able to determine the root causes for underperformance and implemented a new strategy that achieved a 20%+ volume growth in a declining category, this turned around the Starbucks VIA product line.

For a brief background, Ethan Stiles earned an A.B. Economics from Harvard University and a Masters in Business Administration degree from Harvard Business School. Ethan is also available for speaking and writing engagements and is interested in board opportunities.

Ethan Stiles specializes in four major areas; these are product management, profit and loss leadership, organizational development and business strategy. Below are some ideas on what these areas are and this affects your organization:

On product management:

In general, product management is the practice of tactically driving the development, the market launch, and the continuous improvement and support of a company’s product.  A product management job entails the duty to strategize and arrive at tactics so as to increase the market share of an existing product, or to put into market a newly developed product. This is, however, a big task that not one person can accommodate, however, the product manager is the one who will determine what is best in terms of product management.

Of course, this decision is not just based on gut feel; this requires a lot of research. Through these researches, the product management professionals will be able to determine the market of the company, the user personas, and its current and prospective competitions. After determining the sufficient basic industry information required, and then the product management professional cans start to shape his knowledge into a strategic plan either for an existing product or for a newly developed product. This strategy includes the goals and objectives, broad-strokes bird’s eye view of the product itself, and may even come up with a rough timeline.

After such a strategy is approved, then these plans will now be coordinated with the relevant teams to put the plan into fruition, like the product marketing team, development, etc. After product building, testing and market introduction, the job of the product professional will now determine what works, what doesn’t, and what to improve based on the collected data and direct feedback from users. After that, the core team will again be called upon to work within the incorporation of the feedback into the future duplications of the product.

On profit and loss of leadership:

The profit and loss responsibility is one of the most crucial executive positions.  This type of responsibility comes with the monitoring of the net income after expenses per department or business unit level, and the organization as a whole, with a direct influence on how the company resources are to be allocated.

Persons who are responsible for the P&L often have the final approval on what projects to approve or reject based on its return on investment and are also required to continuously find ways to drive down costs without having to compromise product quality.

The profit and loss are highly regarded when it comes to executive recruitment which holds true in multi-million or multi-billion dollar organizations. Managing a company’s net income is no easy task. It takes a person with broad experience to be able to make sound decisions and maintain a company’s profitability and sustain its place in the market.

On organizational development:

As a consequence of a rapidly changing environment, one of the important advantages for an organization is the ability to manage these changes and to make sure that your manpower remains to be healthy and trustworthy.

By definition, organizational development is the endeavor to encourage the members of an organization to expand their sincerity with each other about their views of the organization and their experience in it and to take greater accountability for their own actions as organization members.

In organizational development, the practitioners are sometimes considered to be organizational physicians who intend to improve the effectiveness of an organization.

On business strategy:

A Business strategy is an organization’s high-level plan in reaching specific targets and objectives. These plans are successful it contributes to the growth of the business, establishing a strong competitive position, and strong financial performance. Should this high-level strategy flunks, this will depend on its impact to the business, if it can still be remedied, the organization can adapt to a new approach, but if the outcome is severe, this can lead to the organization going out of business.

There should be clear cut targets and plans and back up plans should in the process of execution, some parts of the plan will not succeed. A business strategist holds a very crucial role in the advancement of an organization because it will be his skills that will contribute to how the business plans are going to turn out.

A company thrives not only because of its name or legacy but on the people behind it. Should your business needs a push upward, Ethan Stiles is one of the people equipped to help you develop goals, sustain your growth, and get your manpower in check to make sure they are also aligned with the organization’s values and visions.

It is very important for an organization to be able to determine the weak and strong points of your organization so that there will be reconciliation towards compromise or a change in directives. The track record that Ethan Stiles possesses makes him a suitable person to provide you with sound decisions that should contribute to the progress of your organization.

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I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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Drop Shipping

Why Do Entrepreneurs Put Up Their Drop Shipping Websites For Sale?

You must have found that there are several drop shipping websites for sale and wondered why do entrepreneurs want to sell their dropship websites anyway? If the stores are doing so well then why sell them instead of expanding them? Well, there is more to the selling than meets the eye when it comes to drop shipping websites! While drop shipping websites carry many advantages, it is sometimes better for the entrepreneurs to sell their websites instead of holding on to them. There are four main reasons why entrepreneurs prefer to put their drop shipping stores on sale. Different Ways Drop shipping Can Make Things Easier For You    There are multiple ways Drop shipping can make things easier for you are as follows:- Time: Let us assume that a successful entrepreneur is operating 10 drop shipping stores at once(believe it!). While the stores start to do well, it becomes difficult over time to manage all the 10 stores at once. Instead of spending time perfecting all the 10 stores, the entrepreneur can sell one of the stores or more at a profit. This store is ideally the one which is generating the most profit out of the 10 stores. The reason is that this store will be established and the buyer will be more willing to invest in this store instead of starting from scratch. The entrepreneur can save time in this manner and concentrate on establishing the other stores. He can spend time making those other drop shipping stores great so that they generate impressive profits too. Time can be saved in this way by the entrepreneur as he has lesser dropship stores to think about and manage. Dropshipping websites for sale help with managing time better. Growth: When an entrepreneur has been running the same business for a while, it can become a little tedious. Regardless of how passionate he was at the beginning, he can get bored of his venture that started out on a positive note. When he thinks he cannot contribute to the dropship store any longer, he can turn to selling instead. Many entrepreneurs do this to find something else that they are passionate about. This gives them more opportunities to explore other businesses and start fresh with another brimming idea. By selling, the entrepreneur gets the financial support he needs. Selling the drop ship store enables him to positively start to look for other opportunities that are waiting to be explored. This growth benefit helps the entrepreneur to broaden his horizons and helps him to design something new which can be totally different altogether. Entrepreneurs can discover new opportunities that help them to grow in terms of their career. Profit: When entrepreneurs put dropshipping websites for sale, it can be for the purpose of gaining profit instantly. When they have a website that has been doing good business, they do get profits but slowly and steadily. As customers’ orders are processed, there is a flow of profits but it is slower than getting the profit all at once. Not every entrepreneur has that kind of patience. That is, they don’t get all the profit at once but they do get some of the profit this month, then next month and so on. When drop shipping websites are sold, the profit margin can be quite high as the owners get the entire profit amount of their website at once. Remember that this is the case when the dropship website has shown that it is worth the investment by the buyer and can grow into a lucrative drop shipping business in the future as well. The Google rankings should be high, the orders by customers should be stable and there should be a continuous stream of visitors that access the store. This is the way in which profits are determined. Cost: When entrepreneurs have more drop shipping stores than they need, then it can be a waste of money and energy. This is particularly true when the entrepreneur is unable to dedicate enough time to the store to make it work to its full potential. The operational costs can be cut down in this way and this can be another reason for putting dropshipping websites on sale. The selling can help the entrepreneur to invest in other ventures that do excite him later. In the meanwhile, he can sell the drop ship websites that he is not paying any attention to at a profit. One of the most popular drop shipping platforms is Exchange marketplace by Shopify which makes it easy to sell and buy a dropship business. If you are an entrepreneur who is considering selling or buying a drop ship website than exchange marketplace is for you. It provides you with an easy interface to work with so you can find drop shipping websites for sale easily. Read Also: Get Ready For The Festive Season With Souq’s Super Saver Offers On Household Essentials 5 Tips For Choosing Promotional Merchandise Consumers Actually Want

Waste Management Tips

10 Waste Management Tips For Every Business

A lot of businesses are aware that they need to take care of their waste, but it can be difficult to get started. Here are 10 tips for managing your business' waste. 1. Start With A Strategy A strategy is a plan for the future. It's the process of defining what you want to achieve and how you'll go about it. For example, if your business is a retail store, you might want to increase sales by 10% over the next year. Then, you'd create an action plan that includes how many new products or services you'll offer and what marketing techniques will be used to attract more customers. You can't just decide on a goal without having some idea of how you're going to get there (and whether or not it's even feasible). When developing your waste management strategy, it's important to consider: Your budget and resources The current state of waste management at your company Potential opportunities and challenges 2. Educate Your Employees About Waste Management Make sure you dispose of your waste correctly. If you are unsure of how to do this, or if you want to find out which method is best for your business, speak with an expert on waste management services on how to; Educate your employees. Teach them how to recycle and dispose of waste properly. Make them aware of what not to put in the garbage, such as old batteries and electronics. 3. Reduce Paper Waste You already know how wasteful paper can be. Use it for something important and the rest of your documents can go the way of digital storage. If you have documents that need to be printed, switch to recycled paper to reduce costs and waste. Then, think about using email instead of printing out emails with attachments or sending faxes to clients. There are also more efficient ways to store your documents than storing them on paper—scanning important files into a cloud-based system is an excellent alternative that will cut down on clutter and save you money! 4. Do A Waste Audit A waste audit can be a great way to get your business on the right track when it comes to reducing and recycling. It's a simple process, but it must be done regularly. You will need to identify what types of waste are being generated by your business, how much of each type is being produced, and where they are going after they have been discarded. The goal should be to understand what types of materials are being thrown away so that you can work with employees or partners to find ways around them (or eliminate them). Outsourcing waste management services is also a great way to save time and money. You can outsource the waste management of your business to a professional company that has experience in this area, or you can hire a colleague who has experience with waste management and ask them if they are willing to help you out. 5. Compromise On Cleaning Products For Waste Management You will find that it is not necessary to use toxic chemicals and harsh cleaning products. Instead, you can opt for environmentally-friendly alternatives that are just as effective in maintaining the cleanliness of your business. For example, if you need a surface cleaner or disinfectant that will keep your office equipment free of germs and bacteria, look for an option that does not contain chlorine bleach (which has been linked to cancer and other health problems). Instead, choose something like "green" cleaners that have been specifically designed to be more environmentally friendly without sacrificing effectiveness. 6. Get Creative With Containers As you are trying to figure out how to dispose of your business’s waste, it is important to keep in mind that the most important thing is not what kind of container you use, but rather how easy it will be for your employees to carry around your business’s waste. If you have a lot of waste and it is going to be hard for employees to carry around containers full of garbage, then there are many more eco-friendly options available for businesses like yours than if there was just one kind of container at hand. Another thing worth considering when choosing which type of receptacle or bin will work best for storing all that trash is whether or not reusable materials would work better than disposable ones. For example: If possible (and legal), consider using traditional wooden crates instead of plastic ones because they are reusable and biodegradable! This can also help save money since these types 7. Rethink Your Water System In addition to recycling and reusing, you can also start thinking about your water system. The average American household uses 300 gallons of water per day. That’s a lot! Fortunately, there are several ways you can reduce your water use and help the environment in the process: More efficient use of fixtures. These include solid-surface counters, low-flow showerheads, and faucet aerators. Install rainwater harvesting systems on roofs of commercial buildings or at home (if possible). Rainwater is collected for future use as drinking water, lawn irrigation, or toilet flushing. Use greywater systems in homes where it is allowed by law; these systems recycle wastewater from sinks and showers for irrigation purposes. Get a meter installed on your building's existing plumbing system so you know how much water you're using on an ongoing basis. 8. Recycle Your Electronics Recycle your electronics. Electronic waste is a growing problem, and not only because it contains toxic materials that can harm our environment. The oil and other materials used to make electronic devices are becoming increasingly scarce, which means that recycling electronics is good for the planet. You should always recycle old cell phones or computers at an e-waste recycling center—if you throw them away, they could end up in landfills where they will take years to decompose and release harmful chemicals into the earth's soil and water supply. 9. Consider Food Waste Food waste is a major problem for all businesses, particularly the hospitality and food service industry. Estimates show that the average hotel loses 18% of its room nights due to guests not showing up; this means they're paying for rooms they aren't using—and that's on top of the cost of cleaning and preparing those rooms (which can range from $10–$100 per night). According to an expert in waste oil disposal in Liverpool, buffet restaurants often lose between 30% and 50% of their prepared food due to spoilage or over-ordering. Your company may also be losing money by taking care of its garbage cans improperly: if staff members don't line them with bags or otherwise protect them from water damage, you could end up having to buy new ones every few weeks at a cost that would add up quickly over time! 10. Beware Of Hazardous Waste Hazardous waste is a particular kind of waste that has special disposal requirements. It’s important to know what hazardous waste is and how to identify it because if you don’t dispose of your hazardous waste properly with toxic waste collection services, it can be costly and even dangerous for the environment. Hazardous wastes are those that meet any of these descriptions: Corrosives: substances that burn or destroy living tissue on contact with skin or eyes, like sulfuric acid (pH 1) and sodium hydroxide (pH 14) Ignitable: easily ignited by heat, flame, sparks, or another source at room temperature; includes liquids with flashpoints below 60° F/16° C and solids such as coal dust in air-contaminated dust with ignition temperatures below 130° F/54° C Conclusion - Waste Management Tips So, there you have it! A few simple steps can make a big difference to your business. We know that waste management is not always at the top of everyone’s priority list when they run their business, but it should be. The good news is that our tips will not only help with your waste but also save you money in other areas too! Read Also: Basic Small Business Tips for Noobs Who Want to Start a Venture How A Business Loan Helps Business People In 2023 How To Market A Small Business In A Big City


The Business Networking Benefits of Co-working Spaces

The benefits of co-working are numerous. On top of getting to work in some of the most pristine business districts, such as Pudong in Shanghai, the price tag for co-working spaces is much cheaper than conventional leasing. For the price of leasing a co-working space, you get the advantage of world-class internet services, professional-grade office equipment, and administrative staffing. However, co-working spaces not only promote networking among professionals but in many cases, it is the foundation from which many business connections are made. Because of the organizational format of these offices, professionals find themselves seated among some of the most talented people in a diverse array of industries. Check out Servcorp New Zealand’s co-working spaces at coworking to see one example of the way co-working spaces are laid out. Keep reading to learn more about co-working’s networking advantages and how you can utilize these spaces to develop business relationships. The Business Networking Benefits of Co-working Spaces: Referrals:  Depending on the size of the co-working space, you can find so many different industries under one roof. For professionals looking for resources, their co-workers become a vast source of referrals. In the end, these resources can save you time and sometimes money. More importantly, referrals can also be a way for you to get your name out there, build up your business’s reputation, and make money for your venture. Mentors: Networking provides you with another opportunity, one to meet mentors. Again, because the co-working space is one that is comprised of professionals from a diverse array of industries you can instantly meet with experienced professionals who can show you the ropes in your own industries. These professionals can also build the foundation of other business connections within your community. Collaboration Opportunities:  Of the many networking benefits of co-working, you have the chance to participate in collaborations. In fact, collaborations spring from daily conversations between professionals, whether they are chatting up their ideas at the hot desk or at any of the numerous events held to promote business. These collaborations can help you grow your business and teach you new ways to manage it. Funding: Every business needs a certain amount of funding. When working alone, finding sources of funding is a little more difficult, especially if you are a new business owner. Another extremely important benefit of networking as a part of a co-working environment is that it can help you meet people who can show you how to fund your project. In fact, your co-workers can probably introduce you to alternative methods of finding funding, negating the need for borrowing to fund the business. Source Of Information: More than just referrals, networking in the co-working space provides you with access to a vast amount of information. Not only are your co-workers a great place to find referrals, but they are also a good source of information regarding an amalgam of topics. In fact, in a typical co-working space, you might find a room full of people with a plethora of educational degrees and work experiences. Networking provides you with the opportunity to meet these talented individuals who can also serve as sources of information. Moral Support:  From these co-working opportunities, you get the chance to make friends who can also lend an ear when you need to decompress. Whether it is regarding building a business or you having problems with clients, there is nothing like being able to gripe to someone who truly understands the entire problem. In exchange, your networking buddies can offer you good counselor reassurance that everything is going to be fine, even when the situation looks bleak. Networking In The Co-Working Reality:  Networking has always been a part of the business landscape. However, co-working is one of those opportunities that encourages those working in close proximity to get to know their neighbors in both an informal and formal setting. More importantly, this office style that promotes social interaction can be the source of more business for you. Read Also : Wise Words From A Good Businessman To Help You Be One Make Your Business Popular Online “Which Backend Keys Makes Social Networking Sites & Apps Works Smoothly?