Ethan Karp Named Vice President of MAGNET Client Services and Marketing and Director of MAGNET PRISM Program

KarpThe Manufacturing Advocacy & Growth Network (MAGNET) today announced that Ethan Karp has been named Vice President of Client Services and Marketing of MAGNET and Director of MAGNET’s Partnership for Regional Innovation Services to Manufacturers (PRISM) program.

“We’re delighted to have Ethan Karp join us” said Daniel Berry, president and chief executive officer at MAGNET.  “His background and experience will add immediate capacity that will enable us to expand and accelerate our efforts to help small-to-mid- sized manufacturers identify and capitalize on their growth potentials.”

“PRISM is an ambitious and exciting opportunity to do something new and powerful for our region’s manufacturing sector” says Karp. “I hope to add fuel to this groundbreaking program that will lead to new jobs in all of our backyards.  Northeast Ohio manufacturers are poised to be models for manufacturing growth in the U.S., PRISM aims to bring them the resources they need to achieve their growth goals.”

MAGNET’s Partnership for Regional Innovation Services for Manufacturers (PRISM) program seeks to achieve manufacturing growth through innovation. PRISM focuses on serving a large number of small and medium-size manufacturers who have aggressive growth opportunities capable of generating significant economic impact in Northeast Ohio via new jobs, revenue and investment. The program assists these manufacturers through  MAGNET’s services and by providing a guided, deliberate portal to the many manufacturing innovation resources in the region.

Karp most recently served as an Engagement Manager for McKinsey & Company Cleveland office where he served world-leading, Fortune 500 companies on topics ranging from growth strategy to operations improvement.  Among his prior projects Karp also developed strategies for public and private school systems, state budget proposals, and economic development for Northeast Ohio.

Prior to his work with McKinsey, Karp worked in the field of bioinformatics at Harvard University and Harvard Medical School.  He worked with leading nuclear magnetic resonance equipment suppliers and other universities on expanding their products to new technological applications, while designing original drugs via statistical models that could be used to explore the underpinnings of brain disease and cognition.

A trained scientist in physics, chemistry and biology, Karp was also a teacher in Harvard’s General Education program for three years and a professional editor for American Journal Experts.

Karp has a PhD and Masters in Chemistry from Harvard and Bachelor of Science degrees in Biochemistry and Physics from Miami University of Ohio. He is the founder of the Harvard Graduate Volunteer Consulting Group and currently serves as a board member for the Men’s 2100 Lakeside Homeless Shelter in Cleveland.

See Crain’s Cleveland Business article about it here.

Posted by MAGNET Ohio in General

Most Recent

Boosting Business through Responsible Growth

May 02, 2018 by MAGNET Ohio

Article submitted by Bank of America For mid-market companies, business success and responsible growth aren’t mutually exclusive. In fact, prioritizing responsible growth is becoming increasingly important, and successful companies are making sustainability central to their growth strategies. Beyond good corporate citizenship, they are recognizing the intrinsic link between the strength of their business and that of the communities and economies in which they operate. Leading your growth with those goals in mind builds resilience and better solutions for the future. Consider the following: Responsible growth companies perform better. Companies that consider the impact of risks and opportunities on the environment, local communities and society may produce better financial results than those that don’t. Additionally, 90% of companies believe a sustainability plan is important for remaining competitive. Responsible growth companies attract investment. A 2016 study by MIT Sloan Management Review and Boston Consulting Group surveyed 3,000 executives and managers from more than 100 countries. Findings revealed that 75% of senior executives in investment firms agree that a company’s sustainability performance is materially important to their investment decisions, and nearly half would not invest in a company with a poor sustainability record. Ninety percent of executives see sustainability as important, but only


February 22, 2018 by Sam Wasylyshyn

HEADLINE The survey definitively shows that product innovation leads to more growth, while “grow your own workforce” strategies will be needed to fill the major labor shortages hampering small manufacturer growth. Emerging technologies like the Internet of Things (IoT), 3D printing, and digital manufacturing are beginning to enhance innovation and productivity, but still have significant room for adoption amongst Ohio’s small manufacturing businesses. ABOUT THE SURVEY Under the direction of the Ohio Manufacturing Extension Partnership (Ohio MEP), MAGNET: The Manufacturing Advocacy and Growth Network conducted a thorough survey of Ohio’s manufacturing base. Contributing approximately 20% of Ohio’s jobs (and driving in some regions up to 50% of Ohio’s economy), and generating a disproportionate amount of export revenues and Gross Regional Product, manufacturing is critical to Ohio. Greater than 95% of Ohio’s manufacturers are small (under 500 employees), and these manufacturers need to remain competitive both nationally and internationally to ensure our economy’s health. Ohio’s Development Services Agency and the National Institute of Standards and Technology, which runs the MEP, recognizes the importance of this sector and fuels MAGNET and the Ohio MEP program to directly serve and support innovation, efficiency, and growth in small and medium manufacturers. What manufacturers need

Manufacturing is Facing a New Reality

February 06, 2018 by Sam Wasylyshyn

How Virtual Reality and Augmented Reality Can Help Keep Our Engineers Safe and Our Manufacturing Strong Recall how difficult it was to put together complex LEGO creations when you were a child or helping a child. Now, picture assembling a fighter plane from a room full of parts. Even highly trained engineers can benefit from technology to help improve consistency and quality. Virtual reality (VR) and augmented reality (AR) are making near-perfect assembly a possibility in the manufacturing space. By wearing AR glasses that use cameras, depth sensors and motion sensors to overlay images onto the real working environment, engineers and factory workers can visualize the exact bolts, parts, part numbers and instructions on how to assemble a particular component correctly. Lockheed Martin began using AR goggles and improved F-35 assembly time by 30 percent, in addition to increasing accuracy to 96 percent[1]. In order to remain competitive, businesses should consider the ways VR and AR can improve efficiency and supply chain productivity. According to a recent BofA Merrill Lynch Global Research report[2], AR platforms can provide companies up to 25 percent in cost savings on installation of equipment. Here are four ways VR/AR is disrupting the mid-market manufacturing space: