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Rationalization
(redirected from rationalise)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Rationalization
The process of reorganizing and overhauling a company's operations, policies, and anything else needed to make the company more efficient. Rationalization is thought to be more widespread than a reorganization; it may involve closing some operations while expanding others. It usually involves a shift in investment or other policy. Rationalization is intended to improve a company's profitability.


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It focused on the need to reduce costs and rationalise expenditure in view of current economic conditions, without compromising safety and quality standards in all operations carried out within the company.
Innovative and successful organisations around the world have seized the opportunity that IFRS flexibility offers to rationalise and improve accounting procedures, and align the fiscal policies with reporting structures and internal processes.
One has to learn to rationalise, Not worry about a thing.
 
 
 
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