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==Business R&D==
[[File:Mercedes Benz Research Development North America (13896037060).jpg|thumb|Mercedes Benz Research Development North America (13896037060)]]
Research and development are very difficult to manage, since the defining feature of research is that the researchers do not know in advance exactly how to accomplish the desired result. As a result, "higher R&D spending does not guarantee more creativity, higher profit or a greater market share".<ref>{{cite web|title=Aerospace and Defense: Inventing and Selling the Next Generation|url=http://csis.org/files/publication/090520_diig_aerospace.pdf|website=Center for Strategic and International Studies|publisher=Center for Strategic and International Studies, International Security Program|access-date=6 August 2017|pages=1|language=en|date=December 5, 2009|archive-date=28 July 2011|archive-url=https://web.archive.org/web/20110728100600/http://csis.org/files/publication/090520_diig_aerospace.pdf|url-status=dead}}</ref> Research is the most risky financing area because both the development of an invention and its successful realization carries uncertainty including the profitability of the invention. One way entrepreneurs can reduce these uncertainties is to buy the licence for a franchise, so that the [[know-how]] is already incorporated in the licence.<ref name="auto">{{Cite web|url=https://investor-partner.co.uk/|archive-url=https://web.archive.
===Benefit by sector===
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