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Soft Balancing Refers to Counterbalancing a Dominant Power Through Rivalry

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Soft balancing refers to counterbalancing a dominant power through rivalry, diplomatic disagreement, and economic challenges, rather than force.


Definitions:

Mission Statement

A concise statement that defines the goals, ethics, culture, and fundamental purpose of an organization or company.

Diversification Analysis Matrix

A tool used in strategic management and planning to evaluate the degree of diversification within a company's portfolio of businesses or products.

Market-Product Strategies

Approaches that define how a company's products or services will be offered to meet the needs of specific market segments.

Market Share

The share of overall sales within an industry or market that a certain company acquires over a determined period.

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