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Construction firms face unique financial challenges, from variable project timelines and fluctuating material costs to managing subcontractors and labor expenses. For example, a delay in securing critical materials like steel or lumber can cause significant budget...
Every successful business starts with a plan. It’s no secret that companies with clear, written strategies are far more likely to achieve their goals. But where do you begin? For many businesses, the most challenging step in planning is getting started. As 2025...
A Costly Lesson in Data Management and Oversight In 2005, Kodak, the once-mighty giant in the photography industry, was already facing significant challenges as it tried to adapt to the rise of digital photography. However, the company found itself embroiled in a...
In 1994, one of the world’s most significant mutual funds, Fidelity’s Magellan Fund, announced a whopping $4.32 billion distribution to shareholders. It was news that sent investors into celebration—until it was revealed that the payout was based on a simple...
In 2010, MI5, the United Kingdom's domestic counterintelligence agency, made a grave mistake due to a simple spreadsheet formatting error. This blunder resulted in the wrongful surveillance of 134 individuals unrelated to ongoing investigations. On top of this, MI5...
A Preventable Disaster In 2003, TransAlta Corporation, a major Canadian power generator, made a simple yet costly mistake. The spreadsheet error occurred during a routine task—a team member used a copy-paste function within an Excel spreadsheet. But this minor error...
