The essence of business growth is technological innovation and successful management lies in skilful allocation of resources to bring about the technological change. Seeing the increasing importance of technological innovation and strategy guiding the acquisition and deployment of technological resources for competitive growth, the article attempts to summarize research in the area of technological innovation and technology strategy. Literature brings out the importance of organizational factors supporting technological innovation and technology strategy. A preliminary model has been proposed, suggesting a possible relationship between the three. The article in addition to providing a narrative of literature, also gives practical implications and directions for future research.
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