What is cost rationalization

cost rationalization (China) The process of addressing the sources of costs throughout the *supply chain. Reducing spending on business activities, streamlining ... List of Entries by Subject.

1. What is an example for rationalization?
2. What is the concept of rationalization?
3. What is the rationalization of a product?
4. What is educational rationalization?
5. How many types of rationalization are there?
6. What is portfolio rationalization?
7. What is McDonaldization rationalization?
8. What do you mean by McDonaldization?
9. What is the iron cage Weber?
10. What do you mean by portfolio?
11. What rationalization reduce costs and improve service with a systematic approach?
12. What are the 4 principles of McDonaldization?
13. Why is it called McDonaldization?
14. What is the fifth dimension of rationalization?
15. What is the largest difference between the functionalist and conflict?
16. What does thinking sociologically mean?
17. What is efficiency in McDonaldization?

What is an example for rationalization?

Examples of Rationalization

A person might account for a bad mood or general rude behavior by explaining that bad traffic affected the morning commute, for example. Someone who is passed over for a promotion might rationalize the disappointment by claiming to not have wanted so much responsibility after all.

What is the concept of rationalization?

Definition of rationalization

: the act, process, or result of rationalizing : a way of describing, interpreting, or explaining something (such as bad behavior) that makes it seem proper, more attractive, etc.

What is the rationalization of a product?

the process of reducing the number of products that you sell in order to invest more in the products that make the most profit: The goal of product rationalization is to reach a maximum number of customers with a minimum number of products in order to maximize revenue for each product.

What is educational rationalization?

Rationalisation of institutions is about creating processes and systems that meet a particular purpose. But most institutions of higher education in India are not clear about what their major purpose is.

How many types of rationalization are there?

There are four types of rationalization: practical rationality, theoretical rationality, substantive rationality, and formal rationality.

What is portfolio rationalization?

Application portfolio rationalization is the act of streamlining the existing application portfolio with an explicit goal of improving efficiency, reducing complexity, and lowering Total Cost of Ownership by: ... Eliminating redundant applications.

What is McDonaldization rationalization?

“McDonaldization” is a term used by sociologist George Ritzer in his book The McDonaldization of Society (1993). ... In sociology, rationalization refers to the replacement of traditions, values, and emotions as motivators for behavior in society with rational, calculated ones.

What do you mean by McDonaldization?

McDonaldization is a McWord developed by sociologist George Ritzer in his 1993 book The McDonaldization of Society. For Ritzer, "McDonaldization" is when a society adopts the characteristics of a fast-food restaurant. ... McDonaldization is a reconceptualization of rationalization and scientific management.

What is the iron cage Weber?

In sociology, the iron cage is a concept introduced by Max Weber to describe the increased rationalization inherent in social life, particularly in Western capitalist societies. The "iron cage" thus traps individuals in systems based purely on teleological efficiency, rational calculation and control.

What do you mean by portfolio?

A portfolio is a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). ... A portfolio may contain a wide range of assets including real estate, art, and private investments.

What rationalization reduce costs and improve service with a systematic approach?

Application rationalization allows the organization to look at its systems from an aggregate compliance score perspective, facilitates transparency, and then manages the application investments from a lifecycle management perspective. are able to reduce the costs of their infrastructure.

What are the 4 principles of McDonaldization?

According to Ritzer, McDonaldization is comprised of four main components: efficiency, calculability, predictability, and control.

Why is it called McDonaldization?

George Ritzer introduced the concept of McDonaldization with his 1993 book, The McDonaldization of Society. ... According to Ritzer, changes within science, economy, and culture have shifted societies away from Weber's bureaucracy to a new social structure and order that he calls McDonaldization.

What is the fifth dimension of rationalization?

“Rational systems inevitably spawn irrationalities that limit, eventually compromise, and perhaps even undermine their rationality” (Ritzer, 2015, p. 132). Ritzer defines irrationality as the fifth dimension of McDonaldization and calls McDonaldization a "double-edged" phenomenon (2015, p.

What is the largest difference between the functionalist and conflict?

What is the largest difference between the Functionalist and Conflict perspectives and the Interactionist perspective? The former two consider long-term repercussions of the group or situation, while the latter focuses on the present.

What does thinking sociologically mean?

It refers to a persons rational ability that allows them to see how personal relationships fit into a bigger societal context. It also explains a persons ability to differentiate between a personal problems and societal problems. It does not ask people to see themselves as others do.

What is efficiency in McDonaldization?

Efficiency. Efficiency means the choosing of means to reach a specific end rapidly, with the least amount of cost or effort. The idea of efficiency is specific to the interests of the industry or business, but is typically advertised as a benefit to the customer.