Final answer:
Strategically valuable assets are resources required to successfully compete in an industry. These assets give a company a competitive advantage over its rivals.
Step-by-step explanation:
The resources required to successfully compete in an industry are strategically valuable assets. These assets can include things like patents, trademarks, brand reputation, and valuable relationships with suppliers or distribution channels. They are valuable because they give a company a competitive advantage over its rivals.
An example of a strategically valuable asset is the brand reputation of a company like Coca-Cola. Coca-Cola has built a strong brand over many years, which makes it difficult for competitors to enter the market and steal its customers.
Another example is a company like Apple, which has a valuable relationship with its suppliers. Apple works closely with its suppliers to ensure it has a steady supply of high-quality components for its products, giving it an advantage over competitors who may struggle to secure the same quality and quantity of components.