Control


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Control

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Control

Half plus one of ownership of a company. Control gives the person or group having it the ability to make all decisions on how the company operates. In a publicly-traded company, control comes from buying more than half of the common stock.

control

the process of ensuring that activities are carried out as intended. Control involves monitoring aspects of performance and taking corrective action where necessary. For instance, control of expenditure involves regular monitoring of expenditure figures, comparison of these with budget targets, and decisions to cut or increase expenditure where any discrepancy is believed to be harmful. Without control an ORGANIZATION cannot function: employees would go their own way (possibly with the best of intentions) and the organization would fragment, making COORDINATION impossible. Control can, therefore, be viewed as a central component of MANAGEMENT.

Some writers in the SOCIOLOGY OF WORK have argued that, since (in their view) employers' and employees' interests are opposed, control of labour is the main task of management. Without it, workers would behave in a way which is detrimental to managerial goals. Research has shown, however, that many managers attach more importance to other managerial functions (such as budgeting), whilst it is questionable whether employees would necessarily act in the way suggested. See ORGANIZATIONAL ANALYSIS.

References in classic literature ?
Hill with his control of the Northwest; (2) the Pennsylvania railway group, Schiff financial manager, with big banking firms of Philadelphia and New York; (3) Harriman, with Frick for counsel and Odell as political lieutenant, controlling the central continental, Southwestern and Southern Pacific Coast lines of transportation;
A decade before this speech of Everhard's, the New York Board of Trade issued a report from which the following is quoted: "The railroads control absolutely the legislatures of a majority of the states of the Union; they make and unmake United States Senators, congressmen, and governors, and are practically dictators of the governmental policy of the United States.
What do they own or, through dominant ownership, control to-day?
Tarzan realized that only through a miracle of chance could they reach Usanga and effect the change in pilots and yet he knew that that chance must be taken, for in the brief moments since he had first seen the plane, he had realized that the black was almost without experience as a pilot and that death surely awaited them in any event should the black sergeant remain at the control.
The first intimation Usanga had that all was not well with him was when the girl slipped suddenly to his side and grasped the control and at the same instant steel-like fingers seized his throat.
The motor started at a touch and purred sweetly, the buoyancy tanks were well stocked, and the ship answered perfectly to the controls which regulated her altitude.
Many of the latest control systems prompt operators through the process, thus negating the need for wordy work instructions and process sheets.
Standard features: Swiveling barrel; Selogica 32-bit multiprocessor control with graphic sequence programming, integrated robot and peripheral programmability.
During an Australian CATI survey about gastroenteritis, 5,123 (84%)of 6,087 households agreed to be in a control bank (5).
Process control networks are being exposed to previously unheard of problems, such as malicious users, outside espionage, untrained technicians, "Trojan horses," viruses, inadvertent disruptions, companywide policies, simple computer "glitches," and continuous code changes.
The most commonly used framework for evaluating financial reporting internal controls is COSO's Internal Control-Integrated Framework, which established a broad definition of internal control extending to all objectives of an organization.