The purpose of this paper is to analyze the elements of an integrated innovation and patent management that support the sensing, seizing of innovation and if necessary the reconfiguring of a business. We found several organizational and managerial processes, procedures, systems, and structures of an integrated innovation and patent management that represent specific microfoundations for managing innovation. The importance of an integrated innovation and patent management has grown in today’s fast changing environment. The findings in this paper emphasize to demonstrate the fact that management should integrate innovation and patent functions one process as well as on strategic level to develop significant technologies in-house and act and react on competitive markets. This paper is valuable since it contributes to recent research calls for more qualitative studies on the integration of innovation and patent management and for the identification of specific microfoundations of dynamic capabilities.