Theranos
Theranos was founded in this state
What is California?
The system used to directly control a company
What is Corporate Governance?
In 2018, this happened to the Theranos corporation after years of legal battles and a lack of functional technology
What is bankruptcy?
Theranos was founded in this year
What is 2003?
The process of monitoring and evaluating a company's strategy to ensure it's achieving its long-term goals
What is Strategic Control?
Elizabeth Holmes was sentenced to this many years in federal prison for her role in the fraud
What is 11 years?
Theranos' peak valuation in 2014
What is 9 million?
The purpose of corporate governance
What is ensuring a company is run responsibly and in the stakeholders' interest
Holmes final conviction
Theranos' main partnership
What is Walgreens?
One of the reasons Theranos struggled with strategic control
What is they lacked performance measurement, no comparison with results, or failed to take action?
This federal agency, which focuses on protecting investors, officially charged Holmes in 2018, stripping her of her control over the company
What is the SEC (securities and exchange commission)?
The device used for running multiple lab tests simultaneously
What is the Edison device?
When a company uses KPIs and leadership oversight together to guide decisions, it is combining these two concepts.
What is strategic control and corporate governance?
To stand out from traditional labs, Theranos used this "Generic Strategy" by offering a unique product focused on low cost and convenience
What is differentiation?