Innovation can help a forward-looking company to rise up very quickly, furthermore, innovative products and services bring a company to a stage where it can win new segments of customers and be ahead of the competition. For their innovation process, the companies can distinguish between open and closed innovation. In this case, we will focus on open innovation and how companies share their innovation processes for the benefit of the company. They use information and innovation systems to define their innovation process, as well as, track innovative ideas and the phase of their development. There are always pros and cons when it comes to open innovation processes in an organization. We will try to look at certain examples in the business world to illustrate how good or bad an open innovation process can be for a company. In this Bachelor thesis, we will try to point out the essential criteria for an open innovation process and illustrate companies which have used open innovation processes. In some cases it went successfully and for some companies it went unsuccessfully.

The impact of innovation in order to secure a company- existence is increasing. Especially in the field of information and communication systems, modified conditions, reduced product life cycles (in some markets e.g. in the software market down to a few months), and increased competition force many companies to adapt their innovation speed. Long-term profit will just be obtained by those companies that will manage to consolidate or further to enlarge their competitive position with technological innovation. The increasing relevance of new developments requires a separate treatment of technological innovations and demands for a technology and innovation management. Not every innovation is thereby a result of a single, spontaneous idea. Many innovations evolve from the integration or combination of already existing technologies. Especially in markets with insignificant growing rates, this kind of innovation is quite important. The purpose of this thesis is the identification of existing deficiencies within established recommendations for a strategic technology and innovation management concerning technological integration. Based on the technological innovation, a possibility for the exposure to the developed innovations will be formulated. Finally, this thesis provides an own approach about this kind of innovation that will be examined.