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 account book been monetaryly affected by the economic downturn of the really terra firma market and the growing competition by online assort advertising, McClatchy declare set in place some goals to adduce a reasoned business future by implementing the foursome functions of sentry go such as excogitatening, organizing, leading, and controlling. The first function of management is the cookery stage. The goal of every business is to make a addition from the product and service they provide. However, as companies face financial challenges care McClatchy, top-level managers evaluate their current financial status to ready what scheme of action is needed to maintain a healthy tail assembly line. According to Bateman & Snell (2007), ?Planning is specifying the goals to be achieved and decision qualification in advance the appropriate actions needed to achieve those goals.? Because the uncouth in classified sales is down and the goal of McClatchy is to subdue financial liabilities, management determined that cutbacks are necessary to numeration the future health of the confederation.

As stated in Stecklow?s, (2008) article, Gary Pruitt, the party boss operating officer of McClatchy said, ?he?s focused on turning the company around by reducing debt, expenses, and all-inclusive- time employees?? As McClatchy followed the p! lan for reducing their debt, such as outsourcing artwork mathematical product 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 hundred 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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