External social capital is increasingly critical to firm success as few if any companies have all the resources to successfully compete against their rivals.

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External social capital, which refers to the resources and relationships a company has with external stakeholders, such as customers, suppliers, and partners, can provide valuable opportunities for knowledge sharing, collaboration, and innovation. In today's fast-paced and interconnected business landscape, firms that leverage their external social capital are better positioned to achieve success and competitive advantage. Therefore, it is true that external social capital is increasingly critical to firm success as few companies have all the resources to successfully compete against their rivals.

External Social Capital Is Increasingly Critical to Firm Success as Few