Post by arfanho7 on Feb 24, 2024 4:04:28 GMT
Holmes’ rapid rise to fame put her on a fast track to success with high expectations and intense pressures. Yet she hadn’t had adequate leadership experience leading people through difficult and complex business problems. Holmes created a billion valuation on paper by selling venture capitalists on her idea and raising million.
She assembled a celebrity board convinced Safeway to spend million to build clinics in its supermarkets and signed partnerships with Cleveland Clinic and Walgreens. She attracted celebrity media attention with headlines like “Queen Elizabeth Mystique of Theranos Founder Grows.” She received prestigious accolades being named Presidential Ambassador for Global Entrepreneurship youngest winner of the Horatio Alger Award and one Egypt WhatsApp Number List of Time’s Most Influential People . . On October The Wall Street Journal reported that the data Theranos submitted were insufficient to prove the accuracy of many of its tests. In spite of her seeking media visibility Holmes did not offer comments for this article.
Five days later she said the company was in a pause period. Subsequently Walgreens halted expansion of its Theranos blood testing centers and in early November Safeway announced dissolution of its partnership. A famous quote says “You can fool all the people some of the time and some of the people all the time but you cannot fool all the people all the time.” Maybe the “fake it till you make it” leadership approach will work for a while but it will eventually catch up with you.
She assembled a celebrity board convinced Safeway to spend million to build clinics in its supermarkets and signed partnerships with Cleveland Clinic and Walgreens. She attracted celebrity media attention with headlines like “Queen Elizabeth Mystique of Theranos Founder Grows.” She received prestigious accolades being named Presidential Ambassador for Global Entrepreneurship youngest winner of the Horatio Alger Award and one Egypt WhatsApp Number List of Time’s Most Influential People . . On October The Wall Street Journal reported that the data Theranos submitted were insufficient to prove the accuracy of many of its tests. In spite of her seeking media visibility Holmes did not offer comments for this article.
Five days later she said the company was in a pause period. Subsequently Walgreens halted expansion of its Theranos blood testing centers and in early November Safeway announced dissolution of its partnership. A famous quote says “You can fool all the people some of the time and some of the people all the time but you cannot fool all the people all the time.” Maybe the “fake it till you make it” leadership approach will work for a while but it will eventually catch up with you.