Provides the reader with an understanding of the dynamic processes that make industrial research a principal driving force in creating technical change, producing economic growth, and strengthening the technical institutions in society. Describes and analyses the factors that shape current industrial research, including the internationalization of R&D, restructuring of industry, declining defense expenditures, and the corporate environment. Presents approaches for improved industry relations with government and academia. Describes experiences of specific corporations with the modern management of technology. Analyses potential new conditions that can shape future industrial research. Combines the data and analyses of research with the perspective and interpretive commentary of the practitioner.