*Only 750 Words** Fresh Work Only**Write about a time when an organization in which you were...

Question

*Only 750 Words** Fresh Work Only**Write about a time when an organization in which you were involved went through significant change.Tell the story and explain why it was successful or why it failed based on reasons you can support withsources. You may use your book and other periodicals. When citing the internet, be sure it is a reliablesource from an academic journal, not Time Magazine, etc. It needs to be peer reviewed. If it wassuccessful, explain what the leader did to create this outcome. If it was a failure, explain why and whatthe leader should have done differently.Story(detailed) - 15 pointsWhy failed/succeeded(cite sources) - 15 pointsWhat was done right/ should have been done differently - 10 pointsWriting, punctuation, spelling - 10 points

Robert · Accepted Answer

Theranos Story 
Maybe the most dramatic story in recent times is that of Theranos. This story is of the 
times when I was associated with the Company. Theranos was set up by Elizabeth Holmes as 
an organization that had guaranteed to transform the blood-testing processes. Elizabeth was a 
Stanford dropout who was able to raise millions for setting up this Company with her 
incredible marketing skills. Theranos aimed at providing accurate results on the basis of a 
tiny blood sample a stark contrast to the high amount of blood required to traditionally 
perform blood tests. This was based upon specialized machines “Edison” which the company 
claimed to have developed but there was no proof of the accuracy of these machines. These 
claims multiplied the valuation of the organization despite the fact that the organization did 
not discharge logical information to prove their claims. In any case, the organization's claims 
were proven to be wrong uncovering startling realities about Theranos. Five genuine 
insufficiencies were discovered which had put the patients’ life and health in risk. The 
organization could not prove that it was utilizing its own particular machines for directing the 
tests setting genuine questions over the exactness of results (Ioannidis, 2016). The 
administrators and business accomplices started to leave the company.  
Soon, Theranos reported that Holmes had been prohibited from owning or running a 
lab for no less than two years. It also reported that the California lab of the organization 
would have to be closed down.

*Only 750 Words Fresh Work Only Write about a time when an organization in which you were involved went through significant change.Tell the story and explain why it was successful or why it failed...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment

*Only 750 Words** Fresh Work Only** Write about a time when an organization in which you were involved went through significant change.Tell the story and explain why it was successful or why it failed...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment

*Only 750 Words Fresh Work Only Write about a time when an organization in which you were involved went through significant change.Tell the story and explain why it was successful or why it failed...