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Rationalization |
Also found in: Dictionary/thesaurus, Medical, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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Rationalization A reorganization of a company in order to increase its efficiency. This reorganization may lead to an expansion or reduction in company size, a change of policy, or an alteration of strategy pertaining to particular products. Notes: Similar to a reorganization, a rationalization is more widespread, encompassing strategy as well as structural changes. |
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