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negotiation mistakes

What are Negotiation Mistakes?

Every negotiator makes mistakes, but some of the most common negotiation mistakes are easy to avoid.

One of the biggest negotiation mistakes any business negotiator can make is failing to thoroughly prepare. Wise negotiators understand the importance of taking ample time to analyze several aspects of negotiation carefully, including their best alternative to a negotiated agreement, or BATNA, and their reservation value, or walkaway point.

Furthermore, in some corporate negotiations, negotiators often care most about getting the best price possible, assessing the other party’s ability to follow through, and closing the deal, that they overlook potential ethical concerns. Add to the emotional aspect of a negotiation, and it’s easy to see how you can fail to notice many negotiation mistakes.

Another common problem centers on communication. Poor communication explains many of our negotiation mistakes, write Roger Fisher, William Ury, and Bruce Patton in their landmark book Getting to Yes: Negotiating Agreement Without Giving In (Penguin, 3rd edition, 2011). Especially during intense negotiations, it’s easy to lose connection with our counterparts. When negotiations get heated, try taking a break to let everyone cool down. When you regroup, talk about what happened, giving everyone time to air their concerns.

While these mistakes can lead to bad deals, soured relationships, and less than desirable outcomes, they’re also largely within our control to manage. Sometimes just taking a few deep breaths might be all the reset we need to avoid making negotiation mistakes.

Be sure to download our special free report, The New Conflict Management: Effective Conflict Resolution Strategies to Avoid Litigationwhere renowned negotiation experts uncover unconventional approaches to conflict management that can turn adversaries into partners. Featuring three case studies, this valuable report provides proven strategies for leveraging opportunity out of conflict, and tips for creating value and improving relationships, even with difficult people.

The following items are tagged negotiation mistakes:

Negotiation Mistakes: Apple TV’s Botched Expansion Deals

Posted by & filed under Business Negotiations.

Apple has often found success by charging headfirst into unfamiliar industries, from book publishing to music to mobile phones, and disrupting its long-standing business models. In the early 2000s, for example, the company’s cofounder, Steve Jobs, pressured music labels to switch from selling $15 CDs to selling songs online for 99 cents each. No surprise, then, … Read More 

When Negotiation Mistakes Compound over Time

Posted by & filed under Business Negotiations.

When we think of our worst negotiation mistakes, they tend to be recent blunders. But what about negotiation mistakes whose repercussions accumulate over years, even decades? A failed negotiation case study from 1976 shows how carelessly negotiated deals can lead to long-term headaches and losses. A Short Season In 1974, brothers Ozzie and Daniel Silna, Latvian immigrant … Read More 

Cognitive Biases in Negotiation and Conflict Resolution – Common Negotiation Mistakes

Posted by & filed under Conflict Resolution.

Negotiators planning to engage in conflict resolution in a personal or business disputes should be aware of cognitive biases in negotiation, particularly when your dispute is being decided by a judge. Before doing so, you should consider carefully what psychologists, political scientists, and legal scholars have learned about judges from negotiation research and social science: … Read More 

5 Common Negotiation Mistakes and How You Can Avoid Them

Posted by & filed under Negotiation Skills.

Sometimes our negotiation mistakes are glaring: We accidentally reveal our bottom line, criticize the other party when patience was warranted, or get our numbers mixed up. More often, though, our negotiation mistakes are invisible: We get a perfectly good deal, but are unaware that we could have gotten a better one if we hadn’t succumbed … Read More 

Dear Negotiation Coach: What Are Business Negotiation Skills for Entrepreneurs?

Posted by & filed under Teaching Negotiation.

To get an idea or innovation off the ground takes strong business negotiation skills as an entrepreneur. Yet, in their book Entrepreneurial Negotiation: Understanding and Managing the Relationships that Determine Your Entrepreneurial Success (Palgrave/Macmillan, 2018), Program on Negotiation instructor Samuel Dinnar and MIT professor Lawrence Susskind write that many entrepreneurs are falling short. Here, Susskind explains … Read More 

Overcoming Cross-Cultural Barriers to a Negotiated Agreement: Negotiation Ethics and International Negotiations

Posted by & filed under International Negotiation.

Cross cultural negotiation examples provide insights into how negotiation techniques change depending on the context in which negotiators find themselves. As Professor Cheryl Rivers of Queensland University of Technology in Brisbane, Australia, points out in a recent negotiation research literature review, seasoned negotiators often hear stories about the unethical behaviors of people of other nationalities. … Read More 

Corporate Negotiation Pitfalls: The Case of Facebook

Posted by & filed under Business Negotiations.

In corporate negotiation, negotiators often care most about getting the best price possible, assessing the other party’s ability to follow through, and closing the deal. Unfortunately, such business preoccupations can lead dealmakers to overlook potential ethical concerns, as current negotiations in the news often attest. Examining some of Facebook’s recent corporate negotiation mistakes, we describe … Read More 

Entrepreneurial Negotiation – New Book on Negotiation Challenges for Entrepreneurs

Posted by & filed under Teaching Negotiation.

Entrepreneurial Negotiation: Understanding and Managing the Relationships that Determine Your Entrepreneurial Success The great majority of startups fail, and most entrepreneurs who have succeeded have had to bounce back from serious mistakes. Entrepreneurs fumble key interactions because they don’t know how to handle the negotiation challenges that almost always arise. They mistakenly believe that deals … Read More 

Try to Avoid the Winners Curse When Negotiating

Posted by & filed under Dealmaking.

In a winner’s curse negotiation scenario, the winner may often find herself on the losing end of the deal. Ever win something you wanted, then realize too late you got a raw deal? Here’s how to recognize when backing away is your best bet in a negotiation. … Read More 

How to Manage Conflict at Work

Posted by & filed under Conflict Resolution.

A 62-year-old salesman believes he has convincing evidence that his boss passed him over for a promotion because of his age. What options does he have? He could let the matter drop and perhaps look for another job. He could file an employment-discrimination lawsuit. Or, if his company offers mediation services, he could have the … Read More