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 cyclic newspapers such as The Sacramento Bee, The Fresno Bee, and The Modesto Bee. Because the newspaper industry hold been monetaryly affected by the economic downturn of the really estate of the realm market and the growing competition by online assort advertising, McClatchy adjudge set in place some goals to adduce a reasoned business future by implementing the foursome functions of worry such as excogitatening, organizing, leading, and controlling. The first function of management is the preparation stage. The goal of every business is to make a remuneration from the product and service they provide. However, as companies face financial challenges like McClatchy, top-level managers evaluate their current financial status to ready what think of action is needed to maintain a healthy cigaret 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 tax income in classified sales is down and the goal of McClatchy is to change financial liabilities, management determined that cutbacks are necessary to pip the future health of the company.

As stated in Stecklow?s, (2008) article, Gary Pruitt, the chieftain operating officer of McClatchy said, ?he?s focused on turning the company around by reducing debt, expenses, and all-inclusive-time employees?? As McC latchy followed the plan for reducing their ! debt, such as outsourcing artwork achievement of film newspapers like the Modesto Bee, the change eliminated five artist positions. some other reveal of the plan was to offer voluntary buyouts to more than ascorbic acid 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: OrderCustomPaper.com

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