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 ?
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?
Returning to the question of being feared or loved, I come to the conclusion that, men loving according to their own will and fearing according to that of the prince, a wise prince should establish himself on that which is in his own control and not in that of others; he must endeavour only to avoid hatred, as is noted.
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.
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).
3 billion, as reported by Financial Executives International (FEI) in August, testing and attesting to thousands of internal controls and often enduring strained relationships with auditors, companies anticipate year-two compliance to improve.
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.