What impact did the scandal have on Silicon Valley's perception of Theranos?

Small businesses can ensure accuracy and proficiency in their operations by implementing robust quality control measures, investing in employee training, and maintaining transparency in their operations. Regular audits and reviews can help identify any discrepancies or areas of improvement. It's also crucial to foster a culture of honesty and integrity, where employees feel comfortable reporting issues. Lastly, businesses should avoid making unsubstantiated claims about their products or services, as this can lead to legal issues and damage to their reputation.

The book 'Bad Blood' provides several lessons to prevent similar corporate scandals. Firstly, it emphasizes the importance of transparency in business operations. Companies should not make false claims or hide the truth about their products or services. Secondly, it highlights the need for strong corporate governance and ethical leadership. Leaders should not mislead investors or stakeholders about the company's performance or prospects. Thirdly, it underscores the importance of due diligence. Investors and stakeholders should thoroughly investigate a company before making any investment decisions. Lastly, it shows the role of media and whistleblowers in exposing corporate fraud. Therefore, creating an environment where employees feel safe to report unethical behavior is crucial.