Differences between Rationalization and Scientific Management

Intensive competition, influence of tariffs, advantages of large-scale operations, trade cycles, economic policies, desire for monopoly power, individual organizing ability, respect for bigness, rationalization, joint-stock enterprises, patent laws, possibility of gain by overcapitalization, government pressure, and emergence of international markets.

The historical progression from individual proprietorships to partnerships and eventually to joint-stock companies, driven by the need for larger capital and more efficient organization in response to the Industrial Revolution.

Horizontal Integration, Vertical Integration, Lateral Integration, Diagonal Integration.

<p>Combining units producing similar products.</p> Signup and view all the answers

<p>Combining stages of production or distribution.</p> Signup and view all the answers

<p>Combining firms producing different but related products.</p> Signup and view all the answers

<p>Providing auxiliary goods or services within one organization.</p> Signup and view all the answers

<p>Rationalization helps in achieving desired outcomes by streamlining processes, improving efficiency, and reducing costs.</p> Signup and view all the answers

<p>The need for larger capital and more efficient organization drove the transition from individual proprietorships to partnerships and joint-stock companies.</p> Signup and view all the answers

<p>Employers are urged to cooperate with workers to achieve desired outcomes through efficient management.</p> Signup and view all the answers