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Job Function: Technology Manager
Job Description: As part of BitLink Solutions, you need to decide how to manage your software team and focus on what your company needs for both long term and short term growth. The age old question of build versus buy and software maintenance are two common decisions a technology manager must make.
Option/Valuation Scenario 1:
Choice 1: Build new software features that provide new revenue stream.
The benefit of writing software in house is the ability to build exactly what customers want and the increased ease to maintain the code in the future. Up front, you will create expense to pay software engineers, quality assurance engineers, and project managers. But once the feature is done, it will continue to create revenue for years. | This decision will increase your company’s overall valuation. |
Choice 2: Purchase third party components to add features to your software.
This decision may seem like a quick win to get to market sooner, but there may be added cost in annual license fees. There is also the potential for increased spend if the third party component has bugs or needs to be modified to fit your needs. You may spend more time supporting the third party component than if you had it written it in house. | This decision will decrease your company’s overall valuation |
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