Can you provide an example of a strategy you developed to address a technology gap at your company, and explain how you decided between build, buy, or partnership?

To address a technology gap, I developed a strategic framework that evaluated several key factors. First, I assessed the maturity of the technology: if it was a well-established solution, buying might be more efficient. Second, I analyzed the competitive landscape, considering the number of competitors and their timelines for adopting new technologies. Third, I examined the market share of competitors to understand potential impact. Fourth, financial considerations were crucial, often involving a Net Present Value (NPV) analysis to compare build vs. buy costs. Fifth, I identified potential collaborators or partners for the technology. Finally, I factored in the broader economic climate, including antitrust regulations and economic stability, to ensure our chosen strategy was both feasible and advantageous.