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World’s Best Tool Coating Company is a high-tech firm specializing in the coating of cutting tools (e.g., drill bits, cutting blades). These coatings lengthen the time before a tool needs to be resharpened. The company is concerned that its competition continues to develop new coating methods as well as new applications for the coating. It has asked you to help them develop a remuneration plan to create a work environment where its employees come up with more innovations and suggestions on where its coatings might be applied.

The report should cover, but not be limited to, the following elements :

– Suggest options for addressing these issues :

+ Competition from outside sources

+ Compensation for executives

+ Equity within the company

+ Expectation chasms among employees

Then identifying each option’s strengths and weaknesses. (300 words). also if you can, please provide your academic references you use to answer the question.