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 ?
Reduced matrix for determinants of occupational stress factors among health care professionals Demand Relationship Control Support Role CRITERIA factor factor factor factor factor Demand factor 1.0000 0.4105 0.3708 0.2252 1.9928 Relationship Factor 2.4359 1.0000 1.7790 4.0000 3.6000 Control factor 2.6972 0.5621 1.0000 0.3409 0.2205 Support factor 0.4072 0.2500 2.9335 1.0000 0.1223 Role factor 0.5018 0.2778 0.7275 0.3527 1.0000 Change factor 3.7695 0.4167 0.4268 0.4167 1.9688 [[lambda].sub.max] = 6.3204 CI = 0.0605 CR = 0.0484 Change CRITERIA factor WEIGHT Demand factor 0.2653 0.0956 Relationship Factor 2.4000 0.3531 Control factor 2.3429 0.1536 Support factor 2.4000 0.1616 Role factor 0.5079 0.0778 Change factor 1.0000 0.1582 CR = 0.0484 Table 3.
The level values of control factors for [P.sub.max] and [V.sub.end] given in Table 5 are shown in graph forms in Figures 24 and 25.
In the case of internal consistency and the test-retest reliability analysis, both the scale as a whole and the four factors obtained alpha values higher than .70, with the exception of the Control factor ([alpha] = .65).
First, factor analyses clearly showed that two distinct and stable dimensions (paternal control and maternal control factors) emerged from the behavioral control measures.
There's a time factor, a space factor, a geographical factor -- and a control factor."
(1) Find the control factor which is a factor with the significant effect on MRSN.
Next, in parameter design, designers start with the lowest possible cost and try to determine the best settings for each control factor to minimize the sensitivity to noises.
All signs point to the fact the CACOF (Calorie Control Factor), a sweetening additive used in place of sugar and aspartame is causing the trouble.
"If McGraw demonstrates a 30 percent discount, as I read it," said Brooks, "the judge says that makes sense, but it ineludes both the illiquidity and minority interest -- a lack of control factor -- that we should consider."
Since not all properties are thought to relate to levels of compounding materials in a linear fashion, prudent experimental designs will include multiple levels of the control factor ingredients in order to allow fitting of nonlinear models if necessary.