production

Opposition of Rationalization Rationalization is the process of making something more efficient or logical. In the context of business, rationalization can lead to a number of advantages, such as increased efficiency, improved quality, increased flexibility, reduced costs, and improved decision-making. However, there are also some risks associated with rationalization, including job losses, increased stress, dehumanization, […]

Advantages of Rationalization Rationalization is the process of making something more efficient or logical. In the context of business, rationalization can lead to a number of advantages, including increased efficiency, improved quality, increased flexibility, reduced costs, and improved decision-making. However, it is important to be aware of the potential risks of rationalization, such as job

Rationalization The term Rationalization is derived from the word ‘Rational’ which means to work with reason, logic and understanding. Under rationalization, the old and obsolete methods of production are replaced by new and scientific methods which help in maintaining the cost per unit at the minimum. Brief History of Rationalization Rationalization was first practised in