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The lessons from "Bad Blood" can be implemented in real-world scenarios in several ways. Firstly, companies should prioritize transparency and honesty, especially in their dealings with investors and stakeholders. Misrepresentation of capabilities and progress can lead to disastrous consequences. Secondly, good corporate governance is crucial. This includes having a strong, independent board that can provide oversight and hold the management accountable. Thirdly, fostering a healthy work culture is important. Overworking employees, as was the case in Theranos, can lead to burnout and ethical compromises. Lastly, competition within a company should be healthy and not lead to unethical practices.
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As months went by, Elizabeth grew frustrated with the slow pace and wanted to run the engineering teams twenty hours and seven days a week. Ed felt this would overburden his already stressed team and refused to comply. Over the next few months, he saw new engineers being hired who did not report to him. A parallel engineering team was being formed to make both teams compete with each other.
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Learn why and how a $9 billion dollar company vanished in a few weeks. The story of Theranos is the Silicon Valley equivalent of the Enron scandal rep...
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