Technology is increasingly considered to be a differentiating element leading to competitiveness becoming improved, thereby making it a basic component where efficient management is a key issue in both organisational planning and defining development policy. The managing and taking of decisions regarding technology requires a technology strategy to be generated through a systematic and structured process contributing towards its successful implementation. This article proposes a set of considerations for formulating and applying such strategy; it begins by posing a reference concept and then identifying some academic contributions which have been made in Colombia. Some Colombian cases are then presented referring to the topic at three levels: macro (country), meso (sector) and micro (company). A conceptual proposal called technological strategic octogram is the proposed as a result of this, covering topics such as the contextualising conceptual referents, methodological thoroughness and follow-up mechanisms for this type of processes.