Well-managed technology is an instrument of survival against increasing global competition. It is central to the development of corporate business plans and as global competition is increasingly technological, a corporate technology strategy becomes more cruicial. This book explains the purpose of a technology strategy and the need for its interpretation with other business policies. It demonstrates the role of benchmarking, technological forecasting and gap analysis in the formation of strategy. The formulation of management of the technology strategy is taken from the level of the firm to that of the national economy, and the book discusses some of the challenges and opportunities which face policy makers at that level. This book should be of interest to technical directors and managers, R&D managers, production managers in manufacturing industries, and development\industrial\automation\manufacturing engineers.