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 fortnightly newspapers such as The Sacramento Bee, The Fresno Bee, and The Modesto Bee. Because the newspaper industry sacred scripture been monetaryly affected by the economic downturn of the really acres market and the growing competition by online assort advertising, McClatchy extradite set in place some goals to adduce a reasoned business future by implementing the foursome functions of tutelage such as excogitatening, organizing, leading, and controlling. The first function of management is the readiness stage. The goal of every business is to make a put on from the product and service they provide. However, as companies face financial challenges alike(p) McClatchy, top-level managers evaluate their current financial status to ready what think of action is needed to maintain a hea lthy tail 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 pure(a) in classified sales is down and the goal of McClatchy is to tighten financial liabilities, management determined that cutbacks are necessary to stand for the future health of the phoner.

As stated in Stecklow?s, (2008) article, Gary Pruitt, the principal(prenominal) operating officer of McClatchy said, ?he?s focused on turning the company around by reducing debt, expenses, and all-inclusive-t ime employees?? As McClatchy followed the pl! an for reducing their debt, such as outsourcing artwork performance 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 snow 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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