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 ?
4.--Nonmetric Multi-Dimensional Scaling of visitation rates of mammals (A) and carnivores (B) from July 2014 through December 2015 at nine North American river otter (Lontra canadensis) latrines (represented by black circles) and nine paired control sites (represented by grey circles) in Indiana
[14] also used qRT-PCR technique to detect the status of miR-21 in fresh ESCC tissues and paired controls, and as further confirmation, ISH approach was performed on FFPE blocks; it could localize gene expression to specific cell types in specific regions.
One of these first two leaves from each plant served as the experimental (IAA [+ or -] ABA treated) leaf and the other leaf served as a paired control. Scaled digital images of excised leaf strips (0.7 mm wide cut transversely across the midpoint of the leaves) were prepared for determination of initial leaf strip area.
electrosurgical tonsillectomy: A randomized, double-blind, paired control study of postoperative pain.