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Requirements: This case asks you to consider how Organisational Behaviour theories and concepts can be applied to the THERANOS scandal. Elizabeth Holmes was the world's youngest self-made female billi
Requirements: This case asks you to consider how Organisational Behaviour theories and concepts can be applied to the THERANOS scandal. Elizabeth Holmes was the world's youngest self-made female billionaire. But all has not been well with Holmes’ biotech start-up, THERANOS. Your task is to analyse the scandal at THERANOS, drawing on the topics you’ve been introduced to in this module
Select a small number of concepts from the OB course that you believe are particularly relevant to the scandal.
1. Introduce these theories with reference to published literature (including textbooks and journal articles) and explain clearly and concisely how these help to explain the problems at THERANOS (approximately 1000 words including introduction).
2. Based on the application of theories and concepts in part one of your assignment, suggest changes to management or organisational practice that you believe would help prevent such incidents from happening in the future (approximately 500 words including conclusion).
It is expected that you will engage in reading and research around the THERANOS scandal beyond the articles provided. Useful sources include both business (Financial Times, Fortune, New York Times and other reputable news) and quality mainstream newspapers and periodicals. Journalistic articles are likely to focus on one part of the scandal (such as organisational practices, motivation, leadership, regulations and ethics, stakeholder interests, technology, and financial), and so reading widely around the events at THERANOS will help provide material for your case analysis.Your explanation and recommended changes must be based in organisational behaviour theories and concepts. You should focus your analysis on a small number of concepts or theories (two or three would be sufficient) and fully introduce the theory/concept(s), then explain why it helps illuminate aspects of the reported events inside THERANOS.