The paper reviews and compares models and frameworks discussed in the literature for crafting “technology strategy” at a firm level. Today, technology plays a crucial role in firms’ competitiveness. It needs therefore, like other sources of competition, to be managed based on a strategic point of view. The first and most important step of technology management is to develop a long-term strategic plan whichdetermines firm’s investment priorities and preferences in the field technology development. Different models and frameworks have been developed by practitioners as well as academicians in order to help companies in technology strategy (TS) formulation. But, firms in different sectors with different characteristics may find it difficult to choose the proper model, the most pertinent one to their own situation.
From a process point of view, different models and frameworks discussed in the literature for TS formulation, are evaluated and compared. Based on this evaluation, a classification of models is proposed which helps companies to choose a proper model regarding their specific aim and conditions.
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