Corporate governance has little impact on a firm's ability to create a competitive advantage.

Question

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Corporate governance plays a critical role in creating and sustaining a firm's competitive advantage. It ensures that the organization is managed ethically, transparently, and in the best interests of all stakeholders, including employees, customers, shareholders, and the community. Effective governance structures enable firms to make strategic decisions, manage risks, allocate resources efficiently, and maintain a strong reputation, all of which are essential ingredients for creating a sustainable competitive advantage.

Corporate Governance Has Little Impact on a Firm's Ability to Create