Management Challenges

Management Challenges - located in various regions of the...

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Conde Nast Publications Inc. has gone through a serious of changes throughout the ages. Condé Nast Publications, Inc. (CNP) was founded with a particular vision to serve various niche markets, and has done so with magazines devoted to many age groups, lifestyles, and appetites. While some have called this strategy pure genius, others have termed it pretentious. Nevertheless, the Condé Nast name stands for high-caliber periodicals devoted to their audiences, be they the cosmopolitan sophisticates who read Vanity Fair, House & Garden, Condé Nast's Traveler, or the New Yorker; the fashionistas who adore Vogue and Glamour; the young women devoted to Teen Vogue, Mademoiselle, Bride's, and Modern Bride; the gentlemen who buy GQ or Wired; or the epicureans who enjoy Bon Appétit and Gourmet. Beautiful, relevant, and sometimes irreverent, Condé Nast Publications has long set the standard for quality and attitude. Even though Conde Nast Publications is now a world wide fashion magazine and are
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Unformatted text preview: located in various regions of the world, their main office in the United States is located in 4 Time Square, New York. When upper management decided to relocate the HR department along with accounting, billing and several others to Wilmington DE, it saves the company a lot of money as far as Delaware being a tax free state and cost of living was much cheaper than New York. The decision was made to outsource their mailroom and also hire temps for various departments. This decision was good for Conde Nast because they didnt have to worry about the health benefits, pension plans or 401k that they offer their employees to temps or the company they outsource to. One of the toughest challenges that management is facing, is how to get the same amount of quality work done from the employees thats currently working, while downsizing is going on due to the hard economic times that were facing....
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