Worldwide technological advancement in tools, techniques and procedures has enabled us to perform operations that were once impossible. In a competitive world economy, the organizations that have instituted an effective system for encouraging and managing technological innovation are able to produce better goods and services to compete effectively in the world market. The author of this book believes that practical and integrative approaches are required for managing innovation and technology at the enterprise level. His text provides essential tools, techniques and methodologies that are required to manage the interactive, integrated process of innovation and technology issues. New but tested ideas for handling technology management requirements and problems are presented and useful approaches for managing innovation and technology recommended by other experts and practising managers in the field are discussed. The text will benefit graduate and undergraduate students studying at engineering and business schools, and managers and professionals in manufacturing and development.