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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
* Basic manual systems comprise a control enclosure having switches and/or buttons to manipulate the various features of the mixer, along with feedback gauges dispaying time, temperature (with chart recording in some cases), and in some instances, amps, speed and energy.
One additional advantage it obtains with Foundation Fieldbus is that networked control loops can continue to run the extruder independently if the central PC fails.
* Some companies will not be able to accomplish the necessary reconciliations in time to use them as a preventative control. They should risk-rate all accounts and reconcile high- and medium-risk accounts in time to incorporate general ledger adjustments into the company's earnings release.
The lay beliefs, attitudes toward, and practices of birth control remain elusive throughout all but the last handful of years of Tentler's study.
Public health response to dengue began in 1966, when the Vector Control Unit was set up within the Quarantine and Epidemiology Branch, initially in the Ministry of Health but transferred to the Ministry of the Environment in 1972, when DHF was made a notifiable disease (7); DF was made notifiable in 1977.
It is likely that this quality control standard will be considered during the enforcement of those sections.
* Fraud Detection: The control environment is designed to detect unscrupulous activity.
Segregation of duties has always been a component of good internal control. In 2004, companies were reminded that access to information systems would have to be evaluated to assure such segregation.
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.
However, some scholarship focuses explicitly on the ways teachers control student texts: How much control should a teacher exert over a text that is in process?
White not-for-profit organizations aren't currently required to issue financial reporting and control certifications, many are assessing the costs, risks, and benefits of doing so.