Brinkmanship (noun)

The practice of pushing a dangerous situation to the brink of disaster in order to achieve the most advantageous outcome.

Origin:

The word brinkmanship was first used by john foster dulles, the u.s. secretary of state under president dwight d. eisenhower in the 1950s, to describe the policy of pushing a dangerous situation to the brink of disaster in order to achieve the most advantageous outcome.

Examples:

1. The government's brinkmanship in the negotiations with the labor unions led to a strike.
2. The company's brinkmanship strategy almost led to bankruptcy.
3. The country's brinkmanship on the brink of war led to diplomatic solution.
4. The President's brinkmanship approach to the crisis was highly criticized.
5. The brinkmanship played out in the stock market led to a sharp decline.