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Accounts Receivable. In general it is important to provide credit in today’s economy. The difference of debtors that pay on average after 30 days or 60 days can, however, make the difference between success and failure (this is clearly reflected in cashflow projections). Debtors should be analysed according to its aging and debtors that do not adhere to their credit terms should be diligently followed up and if necessary their credit business allowances should be revoked. After having seen what has happened, I believe that in the future governments, should have policies that would help the people in need more that they do now. So, we may have to have governments that are more socialist and are able to use the people money to help the needy, as they have done during this pandemic. I hope this is not just my wishful thinking, and something can be done in the future.
One of e-sonic’s main weaknesses is the lack of employees with talent in software development, digital media, market analytics, and online management in their main company of Sonic Records. This will cause a need to either train current employees in new skill sets or the hiring of new employees with the required skill sets. In order to motivate current employees to gain new skills and to attract new employees to fill the required roles e-sonic would need to create a new compensation system. Know how to segment international markets. Misery of the working class: Because these people are busy generating wealth for others, the only thing they crave for everyday is REST. They wish to enjoy life to its limits but they can’t. They are constrained by their work.
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