How does your company choose between two possible solutions?

Hi everyone 👋

I want to find out more about what strategies do other companies have when dealing with problems that have multiple, seemingly equally good solutions? Maybe when discussing the topic of integrating new technology, or when solving a difficult edge-case?

Is there a process behind it? Are you thinking more short-term or long-term? What happens if you made the wrong choice?

I'd love to hear about any and all of your experiences. Thanks!