Product Management playbook/Module 3 · Strategy

Day 25 / 100 · Strategy · Build, buy or partner

Build, buy or partner?

Engineering time is your scarcest resource. Spend it only where it creates an advantage customers notice.

Build

When It Differentiates

“Is this why customers choose us?”

Gain: control and advantage

Cost: time, people, upkeep forever

Buy

When It's A Commodity

“Does a good-enough version already exist?”

Gain: speed and focus

Cost: less control, vendor lock-in

Partner

When You Lack Reach

“Can someone else bring what we can't?”

Gain: reach and capability

Cost: shared value, dependency

Source: POPIA.co.za ↗

Build what makes you different.