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URL: https://hbr.org/2021/12/when-should-your-company-develop-its-own-software

⇱ When Should Your Company Develop Its Own Software?


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When Should Your Company Develop Its Own Software?

December 7, 2021
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HBR Staff/Mohamad Faizal Bin Ramli/Mensent Photography/Getty Images

Summary.   

Leveraging homegrown software to bring innovation to your market or to create more efficient operations can be a strong growth driver. But the buy-it vs. build-it decision is a critical one. If...

Every company needs and uses software, and some is a significant driver of business success. But as small companies grow to midsize, software performance gaps can emerge. Finding new software solutions can fix problems and inefficiencies and help teams develop innovative products and services. But midsize company CEOs often face a difficult choice: whether to upgrade through a vendor or develop (a.k.a. “roll”) their own code.

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