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 ?
Manufactures infrared heater controls for thermoforming machines, laminating machines, and curing ovens.
Using these criteria, the council recommended expanding the auditor's responsibilities in two areas: the control environment and controls for safeguarding assets.
TRW has also been developing EHAs for large aircraft as part of the COVAN (Commandes de Vol Avions Nouveaux or Flight Controls for Future Aircraft) program.
It is asserted that the report "does not advocate public reporting on internal controls for financial reporting and fails to encourage evaluation of other controls such as those for laws and regulations.
The business offers controls for heating, ventilating, humidification and air-conditioning equipment; security and fire alarm systems; home automation systems; energy-efficient lighting controls; and building management systems and services.