You are the CEO of Company A, a profitable market share leader employing a best-cost provider strategy.
However, you are now facing significant competition from Company Y (broad differentiation), and Company Z (low-cost provider).
Over the next 12 months, you cannot change your generic strategy.At the same time, you cannot wait a year to deal with the growing threats from Company Y and Company Z.
At least 1 must deal with Company Y, and at least 1 must deal with Company Z.
You must explain how each option is consistent with your best-cost provider strategy and how each option will enable you to maintain or increase profitability and/or market share.