Little things usually blow over, but when you mess up “big time,” you can lose credibility with your stakeholders, lenders, vendors, and even customers/clients. Whenever this happens at work, it can be difficult to regain the credibility you’ve lost.
You may have taken a “short-cut” to get something done quickly, and now you’re in trouble. Maybe you didn’t handle a customer’s problem adequately, and now the account is in jeopardy. Perhaps you took a significant risk, it proved disastrous, and now your employer is considering your possible termination.