Technology strategies have attracted serious research attention in the recent past. In this paper, an attempt is made to review the status of the literature as it relates to technology strategies. A literature classification scheme is suggested. A total of 66 articles from refereed journals and international conferences are classified into content (technological capabilities, literature survey and performance measurement) as well as issues to do with process application. The methodology used to survey and study the relevant literature focuses on conceptual, descriptive, empirical, exploratory cross-sectional and exploratory longitudinal approaches. Based on this, possible research issues are also identified.