Question: How should Joseph proceed with developing this proposal? Specify the steps and data needed. What should he include in the proposal? What would be the

How should Joseph proceed with developing this proposal? Specify the steps and data needed. What should he include in the proposal? What would be the difference in the process flow for lock manufacturing compared with the insurance business? (Tip: One is a service operation, the other manufacturing) What criteria should he consider beyond the analytical details? Will these criteria be the same for both businesses? What type of analysis should Joseph conduct in order to evaluate vertical integration opportunities

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