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The Theranos Scandal Quiz

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Questions and Answers

What is the overall problem with Theranos according to the text?

Theranos' overall problem is that Holmes, the CEO, has a charismatic leadership style.

Why did Theranos fail to assess Holmes' leadership style?

Theranos failed to assess Holmes' leadership style because it captivated a large audience blindly investing in her ideas.

What are the factors that contribute to Theranos' problem?

The factors that contribute to Theranos' problem are systematic gatekeeping, the use of large-scale media, and translucent communication with stakeholders.

What are some of the factors that contributed to Theranos' problem?

Some of the factors that contributed to Theranos' problem include Holmes' charismatic leadership style, systematic gatekeeping, use of large-scale media, and translucent communication with stakeholders. Signup and view all the answers

How did fear-based communication contribute to Theranos' failed leadership style?

Fear-based communication contributed to Theranos' failed leadership style by creating a culture where employees were afraid to speak up or challenge their narcissistic leader's decisions. Signup and view all the answers

What was the direct effect of Holmes firing Mosley after he expressed concerns about fooling investors?

The direct effect of Holmes firing Mosley was that employees were handcuffed from changing anything about the product if the order did not come from Holmes. Signup and view all the answers

What perpetuated the issue of Holmes' leadership style in Theranos?

The issue of Holmes' leadership style was perpetuated by the consequential effect and genuine fear it created among employees. Signup and view all the answers

What was one of the problems Theranos faced due to their failed leadership style?

One of the problems Theranos faced due to their failed leadership style was the inability to efficiently identify and solve problems with their blood test. Signup and view all the answers

Study Notes

Theranos' Failure

The overall problem with Theranos was its failed leadership style, particularly under Elizabeth Holmes, which led to its downfall.
The company failed to assess Holmes' leadership style, which was problematic and contributed to its demise.

Factors Contributing to Theranos' Problem

A major factor was the lack of transparency and accountability, which allowed Holmes' flaws in leadership to go unchecked.
The company's culture of fear, secrecy, and obedience also contributed to its problems.
Fear-based communication was a significant factor, as it silenced employees and prevented them from speaking out about concerns or errors.

Direct Effects of Holmes' Actions

Firing Mosley after he expressed concerns about fooling investors had a direct effect on silencing others who might have spoken up about similar concerns.

Perpetuation of Leadership Issues

Holmes' leadership style was perpetuated by her ability to charm and persuade investors, which masked the company's underlying problems.

Consequences of Failed Leadership

One of the significant problems Theranos faced due to its failed leadership style was the inability to detect and correct mistakes, leading to further complications and ultimately, its downfall.

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Description

Test your knowledge on Theranos and its downfall by taking this quiz. Learn about the role of charismatic leadership, gatekeeping, media influence, and communication in the company's overall problem.