When companies issue a proposal plan, it often contains a House of Quality matri

Question

When companies issue a proposal plan, it often contains a House of Quality matrix. Your company, Crazy Hair Paint, received notice from a major beauty product manufacturer, The Marty Combover Hair Spray and Tint Company – stating they want to enter into a joint venture. The engineering team, finance, test and other departments all participated in developing a solid plan/proposal. The trouble is…when all was said and done…the House of Quality plan shows requirements that you cannot achieve without major monetary investment. As the operations manager, what must you immediately do?

Explanation / Answer

if the limitation is only about monetary support or investment, and all the remaining factors are fair and beneficial to the firm, then we need to proceed alternatives to raise funds from various sources. There are few sources to raise funds immediatley like borrowings from bankers, from financial institutions and other alternatives. Being a manager of operations, I prefer to fulfill the obligation of the firm without fail. I will talk with the management, with their approval, I go with raising of funds from various sources.

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