|
rationalization| Reorganization of a company to improve efficiency, productivity, and profitability. Although rationalization could in theory include expansion of aspects of a business, it had in the 1980s and 1990s become a byword for downsizing. Rationalization may involve a contraction of the supply chain, re-evaluation and restructuring of the brand portfolio, wholesale plant closures, or large-scale redundancies. |
How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
?Sign in  |
|---|
|
|
|