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 yearly newspapers such as The Sacramento Bee, The Fresno Bee, and The Modesto Bee. Because the newspaper industry accommodate been monetaryly affected by the economic downturn of the really land market and the growing competition by online assort advertising, McClatchy mother set in place some goals to adduce a reasoned business future by implementing the foursome functions of perplexity 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 net profit from the product and service they provide. However, as companies face financial challenges corresponding McClatchy, top-level managers evaluate their current financial status to ready what end of action is needed to maintain a healthy tin line. According to Bateman & Snell (2007), ?Planning is specifying the goals to be achieved and decision do in advance the appropriate actions needed to achieve those goals.? Because the vulgar in classified sales is down and the goal of McClatchy is to trim back financial liabilities, management determined that cutbacks are necessary to agree the future health of the connection.

As stated in Stecklow?s, (2008) article, Gary Pruitt, the nous operating officer of McClatchy said, ?he?s focused on turning the company around by reducing debt, expenses, and all-inclusive-time employees?? As McClatchy fol lowed the plan for reducing their debt, such! as outsourcing artwork proceeds 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 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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