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The biggest issue tends to be when people double down on continuing down the wrong path when a better alternative is obvious. The thing you bought or built is o
by master_crab 4y ago
The biggest issue tends to be when people double down on continuing down the wrong path when a better alternative is obvious. The thing you bought or built is often the wrong decision three-to-five years down the road.
When you do hit the fork in the road on build/buy I don't have a hard and fast rule but generally I take the view that if it isn't directly related to revenue generation for the company than it shouldn't be built.
- janalsncm 4y agoAh yes, the sunk cost fallacy! Just because you’ve spent $20 dollars in the past doesn’t mean you should spend $20 more to realize $15 in gains. A lot of times dollars are man-hours which are harder to estimate though.