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 ?
To show sentiment, except under cover, he regarded as a weakness, and it is said that when he was unable to control it he would retire from observation.
The DaVinci has also enabled continuous process improvements through its analysis tools and controls.
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.
THE ASSESSMENT OF COMPANY-LEVEL CONTROLS is a critical part of complying with section 404 of Sarbanes-Oxley.
However, there is a downside to publicly issuing certifications by management on the design and effectiveness of controls if a sound process has not been followed by management in its assessment of the adequacy of the control structure for financial reporting and compliance.
They knew how to control the aircraft, but the controls were insufficient.
After all, the essence of the Act is all about ensuring that internal controls are in place to create and document information for financial disclosures.
A depository institution and a subsidiary of a depository institution may not routinely manage or operate a portfolio company in which an affiliated company owns or controls an interest under this subpart.
This report analyzes the worldwide markets for Lighting Controls in US$ Million by the following Product Segments: Ballasts (Magnetic Lighting Ballasts, & Electronic Lighting Ballasts), and Controls (Relays, & Breakers).
If the mixer is equipped with a variable speed drive, there will also be rotor speed controls and indication.
Standard features: Three shot capacities per model, Xtreem controls Direct-acting pancake cylinder on clamp reduces platen deflection 50%.
Some jurisdictions investigate outbreaks by using CATI interviews of controls sampled from a bank of potential study participants (3).