Open innovation as an essential part of a company's innovation strategy

The aim of this thesis is to create an innovation strategy for R&D Department of a company that is operating in IT industry with a special focus on Open innovation. It consists of theoretical and practical part. Theoretical part presents modern literature research on innovation and outlines main concepts. Definition of innovation, its types and different approaches are described. Moreover, main principles of audit of Open innovation readiness and its measurement is presented. The last part is devoted to the description of IT industry and future trends. Practical part is devoted to company's analysis, audit of readiness to implement Open innovation approach and creation of innovation strategy for R&D Department