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Fundamentals of Management , Third Edition
Ricky W. Griffin, Texas A&M University
Glossary by Chapter

Chapter 14 Managing the Control Process

audit An independent appraisal of an organization's accounting, financial, and operational systems.

balance sheet List of assets and liabilities of an organization at a specific point in time

budget A plan expressed in numerical terms

bureaucratic control A form of organizational control characterized by formal and mechanistic structural arrangements

clan control An approach to organizational control based on informal and organic structural arrangements

control standard A target against which subsequent performance will be compared

control The regulation of organizational activities in such a way as to facilitate goal attainment

controller A position in organizations that helps line managers with their control activities

financial control Concerned with the organization's financial resources

financial statement A profile of some aspect of an organization's financial circumstances

income statement A summary of financial performance over a period of time

operations control Focuses on the processes the organization uses to transform resources into products or services

postaction control Monitors the outputs or results of the organization after the transformation process is complete

preliminary control Attempts to monitor the quality or quantity of financial, physical, human, and information resources before they actually become part of the system

ratio analysis The calculation of one or more financial ratios to assess some aspect of the organization's financial health

screening control Relies heavily on feedback processes during the transformation process

strategic control Control aimed at ensuring that the organization is maintaining an effective alignment with its environment and is moving toward achieving its strategic goals

strategic control Focuses on how effectively the organization's strategies are succeeding in helping the organization meet its goals

structural control Concerned with how the elements of the organization's structure are serving their intended purpose


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