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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 ?
No Control marks the first time Quatro has worked with Richard Tuckey, her son from her first marriage, to guitarist Len Tuckey, and a talented axeman in his own right.
392 trades have been checked and the 424 scales used have been inspected for the presence of required control marks and markings to certify their compliance with their requirements for commercial use, their technical condition, their proper use, as well as presence of seals affixed to them, preventing access to the scales for adjusting and manipulation.
The Line of Control marks the de facto border between India and Pakistan in the disputed Kashmir region.
Serbia's Deputy Minister of Trade, Tourism and Telecommunications, Bojana Todorovic, told 24 Vesti they informed the Macedonian Ministry of Agriculture about their move and received reassurance that the issue of control marks would stabilize.
At the same time, however, this simulated border control marked a change of context that Erkmen was initiating in order to intervene in the conventions of the globalized art world--not so much overstepping the boundary between art and life as exposing its contingency again and again.