Technology management (TM) for companies is about sustaining and improving a company’s competitiveness
in the long-term. The aim of this study is to identify the common perception of TM functions in Finnish high tech compa-
nies, which elements are the most critical for them, and where the biggest development needs are in practice. The study
was realised qualitatively in 15 Finnish high tech companies. Interviews were held with persons responsible for company
management activities in the area of technology. The results show many similar characteristics in the case companies,
such as the nature of the technology strategy, the mode of co-operation in technology development, or the ways of acquir-
ing technologies. However, differences were also identified mainly in the companies’ business models and company size.
None of the functions of TM, were evaluated as the most important by the case companies. However, certain functions of
TM were highly appreciated and are mostly related to the engineering activities, such as product development, technology
development, information and knowledge management, life cycle management, and production process management.