PMI Code of Ethics – Theranos case Theranos violated the responsibility in the PMI code of ethics. The PMI code of ethics requires all professionals to take actions based on giving the best interests of our society and public safety. Theranos violated this principle by not taking responsibility for all the patients they had during the testing process. The machine they developed for the blood test is not providing valid information to all the patients, this misleading info could be very crucial to these patients. Because of the information Theranos misguided, it is possible they may indirectly homicide many patients. The company's executives were accused of promoting the technology as highly accurate and reliable, despite knowing that it was …show more content…
PMI ethics codes require all professionals to respect the rights and interests of their customers and stakeholders. Theranos has violated this principle by not respecting the rights and interests of its customers and investors. The promotion of this technology and knowing the accuracy of this is very low, also trying to ask for more funds from different sources like Walgreens and CVS to build the blood testing center programs, and from private equities. But using unfinished products and fake stories to build up their trust. This has put patients at risk of misdiagnosis and inappropriate treatment. There were also people saying that Theranos did not protect the privacy and confidentiality of its patients' medical information. Theranos also ignored the quality control standard, the accuracy and reliability of blood tests depend on very strict quality control standards. But Theranos was failing to adhere to these standards, and their machine has not approved by FDA at that time, which compromised the accuracy of test results and put patients at risk. Theranos was not being transparent with patients and also the people who work in this company. People who worked in the company only been told to do tests and use different mechanics to get the test results, at the end they were always using other mechanics to get the test results to provide to patients and ask the workers not asking …show more content…
In order to lure investors, Theranos made false and deceptive statements regarding the precision and dependability of their blood testing technology. Every investor should have the right to truthful and accurate information while making financial decisions. Theranos also has unequal treatment of their employees. Many claims that Theranos unfairly treated its employees by establishing a climate of intimidation and fear in the workplace. Some former employees have expressed dissatisfaction that they were intimidated by the business and prevented from raising issues with the technology's accuracy or speaking out against it. Another rule of the PMI code of ethics that Theranos broke was honesty. Theranos was accused of not being transparent with stakeholders about the limitations of its blood testing technology. In addition to putting patients at risk of incorrect diagnosis and treatment, this lack of disclosure may have given stakeholders a false feeling of trust in the technology. This would go against the idea of honesty since everyone has a responsibility to speak honestly, act honorably, and deliver correct information on