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If you fail to make a successful negotiation; how will you evaluate that?

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Question added by Shadat Bin Hossain , Assistant Manager (Product Development) , Noman Group
Date Posted: 2017/04/29
Arif Mahmood
by Arif Mahmood , Procurement Manager / Supply Chain Manager , Safety Assets Establishment for Trading & Contracting, www.safetyassets.net

 

Appreciate invitation.

1. You will not necessarily succeed% in all negotiations. You may interpret this result in another way, to avoid losing confidence, that if suppose you could have got agreed with the terms of the other party and had matured the deal, that might be a bigger loss to you. By not accepting the terms of other party you saved yourself from a big loss. However, if there is room to negotiate further then you can take support of any third party suits to the situation to turn into success, if available.

2. You gain more experience when fail, search more, find alternatives, learn more, improve more, re-set your goals for future successes. With these additional efforts you will also feel comfort and will make youself more determined ahead.

3. Smart negotiators keep an alternative in advance while negotiating with one.

SUHA ABUGHOSH
by SUHA ABUGHOSH , CFRP® CCRP® CIM®, CRBP® | AML| Compliance | Risk Management |Retail And Investment Management , Non-Governmental Organizations (NGOs), AMMAN – JORDAN

Not every negotiation you engage in, even if you are highly skilled, will be a success.  Although the collaborative process of negotiation  teaches is designed to maximize your possibilities for achieving negotiation success, the process also anticipates the reality that no method or process of negotiation can guarantee success every time.  

You must plan for what to do in case negotiations to fail. If you allocate time and resources to planning alternative solutions, you can avoid unnecessary stress and poor business outcomes. Having an alternative plan will help you to:

 

  • reduce your own internal pressures
  • minimise your chances of accepting an offer that is not in your best business interests
  • set realistic goals and expectations.                                                              Don’t worry too much about your negotiating prowess just because you lost this round,Take a deep breath and think about how to contain your losses. “Don’t assume that this is the end of the world.
  • Don’t sequester yourself out of frustration. Doing so is unhelpful and prevents you from controlling the narrative with your employees and managers. “Consider whether there are people internally you need to talk to, to get out ahead of this,Ask yourself whether there is anything you need to convey to your colleagues about why this happened and what it means, adding that being open about missteps is particularly important for executives, who often serve as role models. “Both learning from your mistakes and admitting to those mistakes are important for being a better leader, If you’re transparent, then your employees are more likely to do the same when a negotiation doesn’t go their way.

Mohammed Awad
by Mohammed Awad , Regional Supply Chain & Operations Director , Tamakkon Co.

Lack of knowledge in how to deal with things and how to act in a faster way.

Muwaffaq NoufaL
by Muwaffaq NoufaL , Business Executive Manager , CBU Indu. &trade Co

Thanks for invitation.

Not every fail in negotiation is a fail.

some times it is a start for better steps or a key to open new opportunities, guaranteeing that failure was not due to poor negotiation or lack of data or information. 

Impress them with your work so that they can realise we were correct at the time of negotiations

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