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Rationalization
What does it mean?
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.
In Other Words...
Similar to a reorganization, a rationalization is more widespread, encompassing strategy as well as structural changes.
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Related Terms
Horizontal Integration | Reorganization | Restructuring | Vertical Integration
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