Control

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Control

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

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

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.

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 ?
CMCCs assist in the allocation of available lift assets, coordinate with adjacent ROK Army CMCCs to regulate movements, and report to movement control elements at the ESC and U.S.-ROK Combined Forces Command levels.
The two defence ministers also agreed upon the need to exchange Bulgarian and Romanian military personnel as well as sharing experience in the implementation of command and control elements under the plan, the Defence Ministry in Sofia said in a statement.
The conference deals with materials and structures that are augmented with sensing and actuation capabilities and control elements. The volume presents 14 selected plenary lectures and key-note lectures on such aspects as recent developments in computational methods for microsystems, a design for piezoelectric sensors for structural and health monitoring based on the principle of virtual work, different perspectives on applying the continuous dynamic monitoring of bridges, controlling wall turbulence by spinning discs, and smart nano-systems and inflammatory reactions.
The scope of work included the demolition of the existing boilers, installation of new boilers and all auxiliary equipment to support boiler operation, extensions of the plant controls, electrical systems, glycol and steam systems, emission control equipment and new environmental control elements.
The researchers wondered whether novel Hoxd13 control elements may have increased Hoxd13 gene expression in the past to cause similar effects during limb evolution.
The agreement will "include not only goods, but also services, investment and all the control elements, such as tariff barriers," Moreno said on CNN Chile.
The pAVEway system combines new genetic control elements and advanced bioprocessing to enable the rapid manufacture and introduction into the clinic of tomorrow's medicines.
"What stands out with Deque is the contrast: between the gentle flow of water and the strict shape of the fitting on the one hand, and between the consciously flat, wide spout and the cylindrical control elements, creating a break in the shapes, which is particularly noticeable with the single-lever mixer," he added.- TradeArabia News Service
The zVOA solution incorporates the iCX (intelligent Controller eXtensive) product, which integrates standard mobile & fixed softswitches and IMS call control elements, and iMG (integrative Media Gateway), including media functions with integrated voice, video and other content types.
Linking distal-acting control elements to the expression of specific genes is often a challenge.
It covers manual and regulatory control, then advanced regulatory control; integrates the operation of measurement devices and final control elements; and addresses the control problem in the context of the control system.
EXHIBIT Evolution and Relationship of Quality Control Elements SQCS 1 Elements SQCS 2 Elements SQCS 7 Elements Leadership responsibility for quality within the firm Independence Independence, Relevant ethical integrity, and requirements objectivity Acceptance and Acceptance and Acceptance and continuation of continuation of continuation of client clients clients and relationships and specific engagements engagements Hiring Personnel management Human resources Professional development Advancement Assigning personnel to engagements Supervision Engagement Engagement performance performance Consultation Inspection Monitoring Monitoring SQCS 2, System of Quality Control for a CPA Firm's Accounting and Auditing Practice, issued in 1996, superseded SQCS 1.