Control

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Control

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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.

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.

References in periodicals archive ?
BB&T operates the seventh largest depository institution in the market, controlling deposits of $17.8 million, representing approximately 2.7 percent of market deposits.
BB&T operates the ninth largest depository institution in the market, controlling deposits of $116.4 million, representing approximately 5.6 percent of market deposits.
BB&T operates the seventh largest depository institution in the market, controlling deposits of $949.4 million, representing approximately 3.2 percent of market deposits.
For example, if an individual died holding a controlling interest in a closely held corporation, the value of that interest for estate tax purposes might be subject to a control premium (or be denied a MID), resulting in a higher tax than necessary.
in controlling the corporation, a minority discount may be
But by introducing and controlling chaos, they could get away with building a single reactor.
Indeed, the recent success in controlling chaos raises the issue of how common this control mechanism may be in biological systems.
Accounting Standards Board, AASB 1024, Consolidated Accounts, paragraph 9, defines control as: "The capacity of an entity to dominate decision-making, directly or indirectly, in relation to the financial and operating policies of another entity so as to enable that other entity to operate with it in pursuing the objectives of the controlling entity." It also says "capacity means ability or power, whether direct or indirect, and includes ability or power that is presently exercisable as a result of, in breach of, or by revocation of, any of or any combination of the following: (a) trusts; (b) relevant agreements; and (c) practices; whether or not enforceable"
93-12, that in valuing the shares, a MID will not be disallowed solely because a transferred interest, when aggregated with interests held by other family members, would be part of a controlling interest, it ruled that the swing vote attributes of each block should be considered in determining the value of each share.
Further, attribution of family interests to determine the identity of potential controlling shareholders goes against what the courts have been saying for over a decade--that family attribution does not apply to determine control (or, arguably, the disire for control) in the estate and gift tax area.
The gauge was shown at K 2004 controlling thickness on a five-layer barrier film line at the booth of Luigi Bandera SpA of Italy.
Some systems require three or four full rotations before they can start controlling thickness.