I will answer this question with another one: What really happens when we make a bad decision?
We make another decision, and then another one, and then another and then another. A negotiation is a series of decisions. When - not if, but when- you make a bad decision, you simply follow it with a better one. Understanding this simple lesson will liberate you as a negotiator and decision maker.
As a flight instructor once told me during my training "you sure make some bad decision in the airplane, but don't worry, as you as you at least do make decisions, we can fix the bad ones."
Take responsibility for bad decisions, learn from it and then move on. Embrace the failure, and soldier on without fear because you are only one decision away from getting back in track.
This attitude and this approach take a lot of discipline and a lot of self-confidence.
Being right is very important to most of us. It is a powerful need, and like all needs, it must be overcome.
Real leadership involves having the courage to face bad decision and getting back in track, overcoming the need of being right, and learn from bad decision making.
Leadership is not-perservering in bad decisions (or non decisions).
Giving up the illusion that we can control the future is a very liberating moment, all we can do is give ourselves the capacity to the uncertainty, the creation of that capacity is called strategy