The ever-increasing pace of change in the corporate environment leads to a drastic shortening of market cycles; however, development cycles are becoming longer, and development costs are rising. Therefore, strategic technology management is becoming increasingly important for the success of companies. The decision-making processes involved are extremely complex, as scientific-technical, market and competition-related, economic, and legal factors must be taken into account. Christoph Feldmann develops a model that systematically represents all decision levels and options of a company within the framework of technology-strategic decision-making processes and allows for a clearly structured corporate decision-making process. Its practical applicability is examined through 250 questionnaire-based expert interviews in 80 pharmaceutical and biotechnology companies.