What do you do if your negotiation ends in failure and you receive criticism and feedback?

Are we defining failure as “didn’t get the sale”? Or maybe “didn’t get the price I wanted”? Maybe failure is success when you walk away from a negotiation that was leading to a bad business deal. In all cases the reflection should focus on whether your goals in the negotiation were realistic and achievable in the first place. Go back and identify whether you effectively communicated/proved the value of your position to the right people in the decision-making process. Did you have a well-defined starting position, or just a dart-throw to initiate a response?

1. Accept Feedback: Acknowledge the feedback you receive, even if it's difficult to hear. 2. Analyze Critically: Assess the feedback objectively to identify areas for improvement. 3. Learn from Mistakes: Use the feedback as an opportunity to learn and grow from the experience. 4. Adjust Strategies: Modify your negotiation approach based on the feedback received to avoid similar pitfalls in the future. 5. Seek Support: Reach out to mentors, colleagues, or coaches for additional perspectives and guidance on how to improve.

In my experience, effectively processing feedback is essential. In a negotiation with an international client, I was criticized for being too direct, negatively impacting our interaction. Instead of defending myself, I chose to adjust my communication style to better meet the client's cultural expectations. This adaptation transformed our relationship, resulting in a mutually beneficial agreement and underscoring the importance of constructive feedback in negotiations.

You have to look at where the feedback is coming from. Is it a boss who just doesn't like the outcome? Or is the opposing side? I have lost deals and after I reach out and tell the people that I am just trying to grow and get better and ask for their feedback on where they think I did a good job and where I missed the mark. This feedback from the other side is hugely valuable! One time I discovered I lost the deal because a sales rep parked in a disabled parking spot when he was late for a meeting. He was not disabled. They said they would never work with us because our values where not aligned. So you never know the reason until you ASK!

Start by analyzing the feedback received and identify the areas of weakness or misunderstanding. After that establish clear objectives aimed at addressing these shortcomings. This process will involve enhancing the communication skills, carrying out more research, or fine tuning negotiation strategies

Start by reflecting on what went wrong - identify areas for improvement and develop strategies to improve the negotiation skills. Make sure to take the feedback constructively and use it as a roadmap to refine your approach and mindset for future negotiations. Always remember setbacks are often stepping stones to success.

It is very important to analyze what went wrong and we need to identify areas for improvement and adapt strategies. Focus on learning from the experience and moving forward with renewed energy and determination. Each negotiation failure is an opportunity to refine your skills.

Not only in Negotiation but this goes in hand on hands in each and every process an individual works and falls in cracking that particulars : 1)Stay Calm 2)Seek Understanding 3)Acknowledge Mistakes 4)Learn from Experiences 5)Adapt and Adjust 6)Seek Support 7)Stay Resilient 8)Follow up Thank you