Specializing in the cutting of coating tools

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Reference no: EM131231696

You own a high-tech tool coating company specializing in the cutting of coating tools (drill bits, cutting blades) to extend the life of the tools. You are concerned that your competitors are developing new coating methods and new applications for different industries. You want to create a work environment where employees suggest ideas for new methods and applications. What type of compensation plan would you recommend and how would it work for this situation? What are some of the problems you need to be aware of?

Reference no: EM131231696

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