The paper has been developed in the following way:

• To identify the key themes of managing strategic innovation and change;

• To study the technological factors which are responsible for Innovation and Change;

• To understanding both of the existing technological advances and the probable future advances that can affect the organization’s products and services and general environment;

• To consider strategic options available to the entities threatened by new technology;

• To establish the need and importance of technological leadership;

• To establish an analogy between and technological and organizational progress;

• To analyze the strategic framework for knowledge, learning, and intellectual capital.