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 half-yearly newspapers such as The Sacramento Bee, The Fresno Bee, and The Modesto Bee. Because the newspaper industry retain been monetaryly affected by the economic downturn of the really earth market and the growing competition by online assort advertising, McClatchy meet set in place some goals to adduce a reasoned business future by implementing the foursome functions of sentry duty such as excogitatening, organizing, leading, and controlling. The first function of management is the proviso stage. The goal of every business is to make a amplification from the product and service they provide. However, as companies face financial challenges wish McClatchy, top-level managers evaluate their current financial status to ready what intent of action is needed to maintain a healthy bas is line. According to Bateman & Snell (2007), ?Planning is specifying the goals to be achieved and decision reservation in advance the appropriate actions needed to achieve those goals.? Because the raw in classified sales is down and the goal of McClatchy is to shrink financial liabilities, management determined that cutbacks are necessary to cope with the future health of the participation. As stated in Stecklow?s, (2008) article, Gary Pruitt, the old-timer 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 their debt, such as outsourcing artwork employment 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 degree centigrade employees at the Modesto Bee, in which nine employees accepted the offer. The recent company gra nd layoffs that was announced on June 16, 20! 08... If you want to get a full essay, order it on our website: BestEssayCheap.com

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