Explain the difference between hard power and soft power negotiating strategies in the context of international business negotiations.

Explain the difference between hard power and soft power negotiating strategies in the context of international business negotiations. Share an example from recent news (within the last one or two years) that demonstrates either a hard power or soft power negotiating approach, and describe the negotiation outcome. Was it a success or failure?

Provide a thorough response in one or two paragraphs, using appropriate terminology from the chapter.

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