Using Design Thinking Framework and Tools you should suggest how these failures could have been avoided and given an opportunity how you can revive these companies using Design thinking. Each companys analysis can be for around 700 to 750 words.

Theranos

In September 2018, The Wall Street Journal reported that blood-testing startup Theranos, once valued at more than $9 billion, would shut down for good. The move came after federal prosecutors filed criminal charges against founder Elizabeth Holmes and the company's No. 2 executive, alleging that they defrauded investors out of nearly $1 billion and also defrauded doctors and patients.

Holmes, whom Inc. profiled in 2015, aimed to revolutionize the blood-testing business. The Stanford University dropout claimed that she had invented a device that could run multiple laboratory tests with just a drop or two of blood pricked from a finger. Her startup began to unravel under Journal investigative reporter John Carreyrou's scrutiny of Theranos's practices in October 2015. It turned out that the device was used for only a fraction of the tests and the company was actually performing most of them with commercial analyzers. In March, the U.S. Securities and Exchange Commission sued Holmes and her company for defrauding investors out of $700 million.