This pioneering book is the first-ever practical guide to developing and communicating technology and engineering strategies. It presents a unique step-by-step method for creating robust, evidence-based strategy, known as the Five Dimensions Process (or 5DP). The book also introduces a host of original insights, including a new theory of technology, a novel approach to product innovation, and groundbreaking contributions to our understanding of technological risk. It describes many easy-to-use tools, both new and established, for supporting activities such as solution design, system monitoring, risk identification, project management, the development of personnel, and ethical decision making. The book brims with strategic and tactical advice on such topics as university collaboration, technical compatibility, data utilisation, product design, project cancellations, outsourcing, knowledge management, and risk mitigation. It is essential reading for technologists and engineers across all disciplines, technology and engineering leaders, and professional strategy consultants.