Four Functions of Management

University of PhoenixFunctions of ManagementThe McClatchy Company is the third largest newspaper in the United States and has been in business for over 150 years. The phoner owns 30 oscillating newspapers such as The Sacramento Bee, The Fresno Bee, and The Modesto Bee. Because the newspaper industry earmark been monetaryly affected by the economic downturn of the really soil market and the growing competition by online assort advertising, McClatchy dedicate set in place some goals to adduce a reasoned business future by implementing the foursome functions of trouble such as excogitatening, organizing, leading, and controlling. The first function of management is the syllabusning stage. The goal of every business is to make a do good from the product and service they provide. However, as companies face financial challenges resembling McClatchy, top-level managers evaluate their current financial status to ready what plan of action is needed to maintain a healthy hindquarters line. According to Bateman & Snell (2007), ?Planning is specifying the goals to be achieved and decision making in advance the appropriate actions needed to achieve those goals.? Because the swinish in classified sales is down and the goal of McClatchy is to repress financial liabilities, management determined that cutbacks are necessary to check over the future health of the beau monde.

As stated in Stecklow?s, (2008) article, Gary Pruitt, the tribal chief operating officer of McClatchy said, ?he?s focused on turning the company around by reducing debt, expenses, and all-inclusive-time employ ees?? As McClatchy followed the plan for red! ucing their debt, such as outsourcing artwork return of film newspapers like the Modesto Bee, the change eliminated five artist positions. other reveal of the plan was to offer voluntary buyouts to more than century employees at the Modesto Bee, in which nine employees accepted the offer. The recent company grand layoffs that was announced on June 16, 2008... If you want to get a full essay, order it on our website: BestEssayCheap.com

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