Business English Vocabulary · Lesson 10
From taking ownership of a mistake to giving feedback that people can accept: the phrases senior professionals use when things go wrong – clear, precise and easy for everyone to understand.
Homework Do all the exercises, then send your answers to your teacher at the bottom of the page.
Read the meeting. The phrases in bold are for exercise B. The underlined phrases are useful meeting phrases for exercise C.
Reviewing the new pricing model
Six months ago, a software company raised its prices. It went badly. The leadership team is reviewing what went wrong.
KarinCEOLet’s be honest about what happened. Our forecasts said we would keep 95% of our customers after the price change. We kept 70%. Our forecasts were wide of the mark – nowhere near the real result.
LeoProduct DirectorThat’s on me. I approved those forecasts. It was a misjudgement on my part: I misjudged how sensitive our smaller customers were to price, and I overlooked the fact that two competitors had just cut their prices.
AmiraMarketing DirectorWe all made mistakes. We’d been the market leader for five years, and I think we’d become complacent. We thought customers would never leave, so we stopped working as hard to keep them.
KarinAgreed. We took our eye off the ball. While we were focused on the new pricing, a competitor launched a cheaper product, and we didn’t notice until it was too late.
FelixSales DirectorAnd when we did notice, we were completely caught off guard. Nobody in sales was prepared for it.
KarinThe price increase was supposed to raise our revenue, but it backfired: we actually earned less than before.
FelixMy bad, too – I told the board the sales team could handle the change, and they couldn’t.
LeoA few years ago, we might have got away with a price rise like that. Customers had nowhere else to go. Not any more.
KarinNo. And we’ve paid the price: two hundred lost clients and a very difficult quarter.
LeoI want to take accountability for the pricing decision. I’ll take the fall for that with the board.
KarinI appreciate that, Leo, but this was a team decision, and we all need to take ownership of it. What matters now is how we make up for it – how we win those customers back.
AmiraIf we could just flag up one thing: our messages to customers were poor. Maybe we could rethink how we communicate price changes in future.
KarinGood point. And Felix, your forecast for the third quarter was a little wide of the mark too, so let’s review it together tomorrow.
Bold = key words (exercise B)Underlined = meeting phrases (exercise C)
Based on the meeting, choose the phrase that matches each definition. Then complete the example sentence. You may need to change the form of the phrase.
Read each situation from a meeting. Which phrase would you use?
Each sentence below is correct, but it sounds simple. Rewrite it using a phrase from this lesson, then compare your version with the model answer.
“Our numbers were completely wrong.”
Use: wide of the mark
“Our figures were way wide of the mark.”
“We were too confident, so we stopped trying.”
Use: complacent
“I think we became complacent.”
“We stopped paying attention to our competitors.”
Use: ball
“We took our eye off the ball, and our competitors caught up.”
“The plan had the opposite result to what we wanted.”
Use: backfire
“Unfortunately, the plan backfired.”
“It was my mistake.”
Use: on me or ownership
“That’s on me.” or, more formally, “I take full ownership of the mistake.”
“We’ll give them a free month to say sorry for the problem.”
Use: make up for
“We’ll offer them a free month to make up for the problem.”
A CEO is writing to all staff after a serious system failure. Complete the email with the phrases from the box. You may need to change the form of some of the words.
Three things professionals often get wrong when they talk about mistakes.
It was a misjudgement on my part – formal; good for clients and senior people.
That’s on me – neutral and direct.
My bad – very informal; only with colleagues you know well.
I’ll take the fall – you accept the blame, even if others were involved.
They are opposites:
We got away with it for years – no consequences. This year we paid the price – serious consequences.You can also pay a high price or pay a heavy price for something.
Small words make criticism easier to hear:
Your estimate was a little wide of the mark. If we could just flag up one thing… Maybe we could rethink…Without them, the same feedback can sound like an attack.
All the phrases from this lesson.
When things go wrong
Admitting mistakes
Giving negative feedback
When you have finished all the exercises, copy your answers and send them to your teacher.
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