Description
In my opinion, Chapter 12 is the most important chapter in the entire textbook. The chapter begins with a company called Theranos and the founder, Elizabeth Holmes. There are many videos on YouTube about Elizabeth Holmes and her company, Theranos. One of note is "Theranos, Elizabeth Holmes, and the Cult of Silicon Valley". Another worth watching is a 60 Minutes report, "The Theranos Whistleblower". ABC News has also completed a four part series called, "The Dropout" that you can find on YouTube or on the ABC site 20/20. https://abc.com/shows/2020/episode-guide/2019-03/15-the-dropout
Elizabeth Holmes is expected to stand trial in March 2021.
Rothaermel states, "an important implication for the strategic leader is the recognition that effective corporate governance and solid business ethics are critical ... governance and ethics are closely intertwined" (p. 451).
Given the Theranos case (this company is by far not the only one) what lessons can be learned? Obviously, not falsifying records is a good start but what else?

Explanation & Answer

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OUTLINE
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Course outline for Theranos Case
1st paragraph gives a brief review of the case study concerning Theranos Case
2nd to 4th paragraphs discuss what is to be learned from the case
MANAGEMENT
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Startegic Discussion: Theranos Case
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MANAGEMENT
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Theranos Case
The spectacular collapse of the Theranos, which was once revered, has become a
cautionary story of the false culture of Silicon Valley. At the age of 19, she formed Holmes
biomedical firm Theranos to reverse blood tests. Theranos had been a dropout from Stanford.
The Wall Street Journal researchers concluded that Theranos did not operate as advertised after
the $9 billion evaluation (Sandler, 2021). Shortly after Holmes and Ba in September 2018, the
firm was finally sh...
