Apply the build-vs-buy-vs-partner framework: what conditions point to each choice?

How to answer

Build when the capability is your core competitive advantage or unique IP, you have the in-house talent, and time isn't critical. Buy when a credible, scalable target exists and time-to-value beats perfect fit; an acquisition can compress the timeline to ~6-12 months by buying proven product-market fit and a customer base. Partner/JV when information is incomplete, neither side is ready to fully commit, or you need speed without full control or ownership. Frame it: partner for optionality, buy for control of a strategically essential asset.

Key idea: Build = core IP + talent + time; Buy = speed + proven target; Partner = optionality.