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Rationalization (economics)
In economics, rationalization is an attempt to change a pre-existing ad hoc workflow into one that is based on a set of published rules. There is a tendency in modern times to quantify experience, knowledge, and work. Means–end (goal-oriented) rationality is used to precisely calculate that which is necessary to attain a goal. Its effectiveness varies with the enthusiasm of the workers for the changes being made, the skill with which management applies the rules, and the degree to which the rules fit the job. Rationalization aims at an efficiency increase by better use of existing possibilities: A same effect can with fewer means, or with same means to be obtained. In the industry thereby frequently the replacement of manpower is designated by machines (rationalization investment). It is the reasonable, appropriate organization of operational conditions under changing conditions to increase with the goal, productivity and economy. Julien Freund defines rationalization as "the org ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Division Of Labour
The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation). Individuals, organizations, and nations are endowed with, or acquire specialised capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialised capabilities may include equipment or natural resources as well as skills, and training and combinations of such assets acting together are often important. For example, an individual may specialise by acquiring tools and the skills to use them effectively just as an organization may specialise by acquiring specialised equipment and hiring or training skilled operators. The division of labour is the motive for trade and the source of economic interdependence. Historically, an increasing division of labour is associated with the growth of total output and trade, the rise of capitalism, and the increasing complexity of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Managerial Economics
Managerial economics is a branch of economics involving the application of economic methods in the managerial decision-making process.• Trefor Jones (2004). ''Business Economics and Managerial Decision Making'', WileyDescriptionand chapter-previewlinks • Nick Wilkinson (2005). ''Managerial Economics: A Problem-Solving Approach'', Cambridge University PressDescriptionanpreview. • Maria Moschandreas (2000). ''Business Economics'', 2nd Edition, Thompson Learning.Descriptionand chapter-previelinks Economics is the study of the production, distribution and consumption of goods and services. Managerial economics involves the use of economic theories and principles to make decisions regarding the allocation of scarce resources. Managers use economic frameworks in order to optimise profits, resource allocation and the overall output of the firm, whilst improving efficiency and minimising unproductive activities. These frameworks assist organisations to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Max Weber
Maximilian Karl Emil Weber (; ; 21 April 186414 June 1920) was a German sociologist, historian, jurist and political economist, who is regarded as among the most important theorists of the development of modern Western society. His ideas profoundly influence social theory and research. While Weber did not see himself as a sociologist, he is recognized as one of the fathers of sociology along with Karl Marx, and Émile Durkheim. Unlike Durkheim, Weber did not believe in monocausal explanations, proposing instead that for any outcome there can be multiple causes. Also unlike Durkheim, Weber was a key proponent of methodological anti-positivism, arguing for the study of social action through interpretive rather than purely empiricist methods, based on a subjective understanding of the meanings that individuals attach to their own actions. Weber's main intellectual concern was in understanding the processes of rationalisation, secularisation, and the ensuing sense of "disenchan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Materialism
Materialism can be described as either a personal attitude which attaches importance to acquiring and consuming material goods or as a logistical analysis of how physical resources are shaped into consumable products. The use of the term materialistic to describe a person's personality or a society tends to have a negative or critical connotation. Also called acquisitiveness, it is often associated with a value system which regards social status as being determined by affluence (see conspicuous consumption), as well as the belief that possessions can provide happiness. Environmentalism can be considered a competing orientation to materialism. "Success materialism" can be considered a pragmatic form of enlightened self-interest based on a prudent understanding of the character of market-oriented economy and society. The definition of materialism coincides with how and why resources to extract and create the material object are logistically formed. Definition Consumer researc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Instrumental Action
"Instrumental" and "value-rational action" are terms scholars use to identify two kinds of behavior that humans can engage in. Scholars call using means that "work" as tools, instrumental action, and pursuing ends that are "right" as legitimate ends, value-rational action. These terms were coined by sociologist Max Weber, who observed people attaching subjective meanings to their actions. Acts people treated as conditional means he labeled "instrumentally rational." Acts people treated as unconditional ends he labeled "value-rational." He found everyone acting for both kinds of reasons, but justifying individual acts by one reason or the other. Here are Weber's original definitions, followed by a comment showing his doubt that ends considered unconditionally right can be achieved by means considered to be conditionally efficient. An action may be: Max Weber Although Weber coined these terms for rational action, he did not use them consistently. Sometimes he called instrum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Humanism
Humanism is a philosophical stance that emphasizes the individual and social potential and agency of human beings. It considers human beings the starting point for serious moral and philosophical inquiry. The meaning of the term "humanism" has changed according to the successive intellectual movements that have identified with it. During the Italian Renaissance, ancient works inspired scholars in various Italian cities, giving rise to a movement now called Renaissance humanism. With Enlightenment, humanistic values were re-enforced by the advances in science and technology, giving confidence to humans in their exploration of the world. By the early 20th century, organizations solely dedicated to humanism flourished in Europe and the United States, and have since expanded all over the globe. In the current day, the term generally refers to a focus on human well-being and advocates for human freedom, autonomy, and progress. It views humanity as responsible for the promotio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secularization
In sociology, secularization (or secularisation) is the transformation of a society from close identification with religious values and institutions toward non-religious values and secular institutions. The ''secularization thesis'' expresses the idea that as societies progress, particularly through modernization, rationalization, and advances in science and technology, religious authority diminishes in all aspects of social life and governance."The Secularization Debate" chapter 1 (pp 3 [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goods And Services
Goods are items that are usually (but not always) tangible, such as pens, physical books, salt, apples, and hats. Services are activities provided by other people, who include architects, suppliers, contractors, technologists, teachers, doctors, lawn care workers, dentists, barbers, waiters, online servers, a digital book, a digital video game or a digital movie. Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade. According to economic theory, consumption of goods and services is assumed to provide utility (satisfaction) to the consumer or end-user, although businesses also consume goods and services in the course of producing other goods and services (see: Distribution: Channels and intermediaries). History Physiocratic economists categorized production into productive labour and unproductive labour. Adam Smith expanded this thought by arguing that any economic activities directly re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bureaucracy
The term bureaucracy () refers to a body of non-elected governing officials as well as to an administrative policy-making group. Historically, a bureaucracy was a government administration managed by departments staffed with non-elected officials. Today, bureaucracy is the administrative system governing any large institution, whether publicly owned or privately owned. The public administration in many jurisdictions and sub-jurisdictions exemplifies bureaucracy, but so does any centralized hierarchical structure of an institution, e.g. hospitals, academic entities, business firms, professional societies, social clubs, etc. There are two key dilemmas in bureaucracy. The first dilemma revolves around whether bureaucrats should be autonomous or directly accountable to their political masters. The second dilemma revolves around bureaucrats' behavior strictly following the law or whether they have leeway to determine appropriate solutions for varied circumstances. Various commen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ad Hoc
Ad hoc is a Latin phrase meaning literally 'to this'. In English, it typically signifies a solution for a specific purpose, problem, or task rather than a generalized solution adaptable to collateral instances. (Compare with ''a priori''.) Common examples are ad hoc committees and commissions created at the national or international level for a specific task. In other fields, the term could refer to, for example, a military unit created under special circumstances (see '' task force''), a handcrafted network protocol (e.g., ad hoc network), a temporary banding together of geographically-linked franchise locations (of a given national brand) to issue advertising coupons, or a purpose-specific equation. Ad hoc can also be an adjective describing the temporary, provisional, or improvised methods to deal with a particular problem, the tendency of which has given rise to the noun ''adhocism''. Styling Style guides disagree on whether Latin phrases like ad hoc should be italicized. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western Culture
Leonardo da Vinci's ''Vitruvian Man''. Based on the correlations of ideal Body proportions">human proportions with geometry described by the ancient Roman architect Vitruvius in Book III of his treatise ''De architectura''. image:Plato Pio-Clemetino Inv305.jpg, upPlato, arguably the most influential figure in all of Western philosophy and has influenced virtually all of subsequent Western and Middle Eastern philosophy and theology. Western culture, also known as Western civilization, Occidental culture, or Western society, is the Cultural heritage, heritage of social norms, ethical values, traditional customs, belief systems, political systems, artifacts and technologies of the Western world. The term applies beyond Europe to countries and cultures whose histories are strongly connected to Europe by immigration, colonization or influence. Western culture is most strongly influenced by Greco-Roman culture, Germanic culture, and Christian culture. The expansion of Greek cul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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