This book will present a background overview of research and development in business. It will propose a framework for research and development in business based on the overview. The framework will be based on a basic concept and model. Best practices in research and development in business will also be overviewed, including funding programs worldwide, enablers, and drivers. The book will conclude with a future outlook of research and development in business including policies, budget, and enabling infrastructure. The book is addressed to policymakers, academia, and practitioners. Policymakers will learn how to set future policies and support infrastructures for research and development in business. Academic members will learn from the proposed framework and best practices. Practitioners in various fields will learn how to develop products and services to support research and development in business. Technology firms will learn how to develop tools and applications for research and development in business that help in conducting the research and building the basic infrastructure.