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 ?
The basic principle of the controllable constant power generator with a novel method for achieving a constant power dissipated on the resistive load is shown in Figure 1.
A system is controllable if we can drive it from any initial state to any desired final state in finite time; otherwise, it is uncontrollable.
The proposed idea of controllable cooling pump is illustrated in Figure 1.
Combination of several controllable parameters in frame of one active device is quite a common way of development of new and improved (from controllability point of view) circuit structures and analog systems in the field of active filters, oscillators, generators, modulators, etc.
First of all, let's define what we mean by "flight at minimum controllable airspeed." Importantly, this is not the same as a conventional twin's VMC, or minimum control speed with the critical engine inoperative.
So that controllable and non-controllable inputs are inserted in inputs of supply chain.
Engineered Machined Products Inc, a provider of innovative electrified thermal and oil management components and systems, is planning to launch a fully controllable electric oil pump.
For MRSK regional branches which switched to RAB from Nov 2010 and Jan 2011, the RECs set regulated controllable operating expenses 15% below actual controllable expenses for the 37 regions combined (as they did in regions which introduced RAB in 2009 and 2010).
I/O Capability:Built-in software controllable relay channel
The company said it will continue to design and produce some controllable pitch propellers in Europe, mostly for specific projects, but will make the majority of the products in the new factory in China.
harvest/ hunter/day) for two groups, mallard Anas platyrhynchos and other dabbling ducks (tribe Anatini), at IDNR sites as functions of controllable, partially controllable and uncontrollable factors.
Then, he left the reaction vessel in a shaking bath for a specific time and finally rinsed the resulting solution and centrifuged it.These nanolayers are able to release interlamellar substance in a controllable fashion.