Management Control
Definition: "Management control" is a noun that refers to the processes and activities that managers use to ensure that an organization's goals are met efficiently and effectively. It involves monitoring performance, making adjustments, and guiding employees towards achieving the company’s objectives.
Usage Instructions: You can use "management control" when talking about how organizations operate. It is often used in business contexts, especially in discussions about strategies, performance, and organizational efficiency.
Example: "The company implemented a new management control system to track employee performance and improve productivity."
Advanced Usage: In more advanced discussions, "management control" can refer to various systems and techniques, such as budgeting, performance measurement, and strategic planning, that managers use to align their teams with the organization's goals.
Word Variants: - Manage (verb): To control or be in charge of something. - Management (noun): The act of managing or the people who manage an organization. - Controller (noun): A person responsible for overseeing financial reporting and management control systems.
Different Meaning:While "management control" specifically refers to the control processes within an organization, the word "control" on its own can mean to have power over something, such as controlling emotions or controlling a vehicle.
Synonyms: - Oversight - Supervision - Regulation - Governance
Idioms and Phrasal Verbs: - "Keep in check": This means to maintain control over something, similar to management control in ensuring that performance is monitored. - Example: "The manager needs to keep the budget in check to avoid overspending." - "Take the reins": This means to take control or charge of a situation, often used when someone is stepping into a management role.