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Elizabeth Holmes was convicted January 2022.Rothaermel states

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 was convicted January 2022.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?

Sample Solution

ans began their offensive, Soviets were able to fortify Kursk after receiving intelligence about German troop concentrations at Orel and Kharkov (map in Appendix A) and details of an intended German offensive in the Kursk sector. They constructed three main defensive belts in fronts around Kursk and placed each subdivided into several zones of fortification. They interconnected each belts barbed-wire fences, minefields, anti-tank ditches, anti-tank obstacles, dug-in armored vehicles, and machine-gun bunkers. They hoped to draw the Germans into a trap and destroy their armored vehicles, creating an optimal condition for counterattack. In addition, special training was provided to the Soviet soldiers to help them overcome the tank phobia. However, the defenses were less effective than the Soviets have hoped. German tank losses were lower than Soviet expectations. The Soviet defenses slowed the German advance, but German advancements still were faster than the Soviets’ expectations. As the battle continued, the Soviets were in danger of getting encircled by the German Panzer units. Despite the strong Soviet defense, the German generals were still considered the German victory likely. The Germans able effectively eliminate Soviet units. During the Battle of Kursk, the Soviet lost roughly three times more men, two times more tanks and four times more self-propelled guns than the Germans. However, Hitler cancelled the Operation Citadel on July 12 to reinforce Italy as the Western Allies had invaded Sicily, in a fear of Allied invasion of Europe. Therefore, it is safe to say that the Soviet defenses, which were well prepared as Professor Geoffrey Wawro described, “Maginot line put on steroids,” weren’t the main reasons that Germans halted the offensive but, instead, the invasion of Sicily. Some historians, like Dennis Showalter, argue that the Battle of Kursk tactical defeat for the Red Army due to the Soviet losses. In conclusion, the outcome of Battle of Kursk was a German failure instead of a Soviet victory. Although the Soviets were heavily prepared for a German offensive, the major reasons for the defeat came from German’s attention was too focused on Kursk and couldn’t win a swift victory due to their ill preparation. German victory seemed likely until the Allied invasion of Sicily, which saved the Soviets, as Hitler had to halt the offensive and pull the forces out of the Battle of Kursk in a fear of Western Allied invasion of mainland Europe.
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