This course comprises the topics of technology assessment, valuation, transfer, and strategic alliances. Despite the prodigious output of American invention, much early stage technology remains poorly selected, protected, managed, and financed. Firms waste billions of dollars on the wrong technological bets. Students will learn methods for sourcing, screening, and selecting promising technologies for commercial exploitation. The second half of this course studies ways firms can leverage external R&D through license agreements, strategic alliances, and acquisitions. Outsourcing technology makes a firm more nimble and gives it more options to act. Regardless of the student’s current job function, technology mangers need to understand their options to assess, license, and acquire technology.