Management control
Management Control is the operational system companies use to ensure that operations are working towards a set of certain objectives, using indicators to measure gaps between plans and outcomes, and reporting any discrepancies with the aim of correcting them.
Control refers to the processes in place that 1. set standards 2. measure actual performance against planned performance 3. help check errors and define what is causing any discrepancy and 4. identify areas that need corrective action. Of course, the next step would be to actually enact the corrective action! With management controls, everyone stays on the same page, without deviating from goals, and corporate standards are upheld.