Question

It has to be from 500 to 800 words

A woman named Elizabeth Holmes, and the company she founded, Theranos have been in the news. No one is arguing about whether or not Elizabeth Holmes is an exceptionally intelligent woman—she has an excellent resume on smarts. Nor is anyone arguing about her idea—everyone agrees the idea is fantastic. If—that is—the idea is real. Apparently it isn't, and it never was.

But her company, once worth billions, is now worthless. Countless investors lost millions of dollars. The company she founded is in receivership, and she is facing federal charges.

Your assignment:

As a preliminary issue, if you don’t know who she is, what company she founded, the product she sold, and what happened to that company (or allegedly happened, if you want to put it that way), then research these issues and familiarize yourself.

In your essay, explain what it was that she allegedly did wrong and why it was wrong. Then—and this is the part that requires some thought on your part—explain how this could happen. How could so many smart people be taken in? How could so many smart people go along with what she was doing, and having them do? How could so many smart people decide that what they did was the right thing to do? Lastly, create a plan by which you can make sure this does not happen in your company. You should take the issue from both sides, both from the position of the entrepreneur (who wishes to bring investors in and sell new and innovative products) and also from the position of an investor (who wants to make money by investing in new and innovative products).

In addition to the parameters for grading set out above, I will be giving credit to those students who are able recognize the real-life, real-business pressures that cause events like this to happen, and who make honest attempts at real-world solutions.   

The underlying issues in this assignment are twofold: first, that you begin to recognize the factors underlying professional, ethical decision-making in the business environment, including the many pressures and stakeholders in the decisions you will make; second, that you continue to develop your ability to articulate those factors in an intelligent, coherent, and persuasive manner.

Answer 1

Exaggeration, a term we are all familiar with, but little do we know as to how far some of the matter or a news is exaggerated to make it famous worldwide. We all at times would have fallen to such traps online and offline too. The story of Miss Elizabeth Holmes are her company Theranos could serve as an example of the outcome of exaggeration. Theranos was boasted by Elizabeth to have developed a potential medical system through which it could perform blood tests of individuals with a very meagre amount of blood and with high accuracy. This news or the so called propaganda spread like fire in the investment market, and Theranos started receiving huge investment from the share market and direct investors. Soon, Theranos became a $10 billion company and started receiving high praises globally. However, in a period of 1 year, when the truth about the misleading information from the company and a potential fraud was discovered by various quarters, all the fame of Theranos and Elizabeth started to perish. Moreover, she was also adjudged guilty in one of the connected cases.

                                           From the above story , we can learn that, misconception on our part is the greatest enemy to our economic and social development. Exaggeration is considered normal in todays high end and fast-moving society, however, some of the exaggeration can cause us huge dame. Like it did for the investors in Theranos. Therefore, it is of outmost importance that we must investigate every corner of a company profile and its details before we invest on any profile. Moreover, from an entrepreneur point of view, we must always ensure that we do no build our business on the ground of lies or misleading others. Hard work and the success from it, has no shortcuts and it pays to earn respect.