What is Rationalization and How Does it Manifest in Business?
Rationalization in business refers to the process of justifying decisions, actions, or beliefs with logical reasons, even when these are not appropriate. It often involves self-deception to align one's actions with personal or corporate goals. For example, a manager might rationalize cutting corners on quality to meet tight deadlines, justifying it as necessary for the company's survival. Rationalization can lead to ethical dilemmas and long-term negative consequences for the business.