Develop new coating methods and new applications of coating

Reference no: EM135731

Q. You own Falzer's Tool Coating Company, a high-tech firm specializing in the coating of cutting tools (such as drill bits, cutting blades) to provide longer life before re-sharpening is needed. You are worried that the competition continues to develop new coating methods and new applications of coating in different industries. You want to generate a work environment where employees offer more new product ideas, and suggest new industries where these ideas might be applied. What type of compensation plan will you recommend? What are some of the problems you want to be aware of?

Reference no: EM135731

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