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 monthly newspapers such as The Sacramento Bee, The Fresno Bee, and The Modesto Bee. Because the newspaper industry check been monetaryly affected by the economic downturn of the really the three estates market and the growing competition by online assort advertising, McClatchy break set in place some goals to adduce a reasoned business future by implementing the foursome functions of safe-conduct such as excogitatening, organizing, leading, and controlling. The first function of management is the supply stage. The goal of every business is to make a meshwork from the product and service they provide. However, as companies face financial challenges comparable McClatchy, top-level managers evaluate their current financial status to ready what end of action is needed to maintain a health y fag end line. According to Bateman & Snell (2007), ?Planning is specifying the goals to be achieved and decision fashioning in advance the appropriate actions needed to achieve those goals.? Because the earn in classified sales is down and the goal of McClatchy is to dilute financial liabilities, management determined that cutbacks are necessary to go the future health of the gild.

As stated in Stecklow?s, (2008) article, Gary Pruitt, the chief(prenominal) 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 plan for reducing the! ir debt, such as outsourcing artwork end product of film newspapers like the Modesto Bee, the change eliminated five artist positions. another(prenominal) reveal of the plan was to offer voluntary buyouts to more than speed of light 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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