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Downstream, the EC officers might orient future research toward implementing facts-based health strategies, rationalizing investments and sifting out unprofitable research fields/directions/initiatives.
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But in the long term, a cleaner code that raised more money might rationalize investment decisions and aid growth, said many economists.
Quality Management has rationalized investment in higher education showing that too high failure rates are no longer a sign of quality, but an unacceptable cost.
Happiness tends to plummet after having children but that changes as parents engage in what Gilbert calls "rationalizing our investment" in the next generation.
Conversations along these lines also help rationalize where investments are needed and how those investments should be prioritized.
Operational performance metrics, however, primarily provide the organization with a way to rationalize marketing investments, but do not correlate marketing to business strategy and business performance.
"I own the Amgens, and I have owned some of the genomics companies, but at these levels it gets hard to rationalize any investment," said Larry N. Feinberg of Oracle Partners L.P., a hedge fund.
The impoverished city rationalized the investment by promising short- and long-term returns: The Devils would pay the city set percentages of various revenue streams, under terms of their lease, while the arena would create jobs, bring people to Newark and stimulate development in a 24-acre district between Broad Street and McCarter Highway.
In a sense, he is trying to rationalize his investment strategy.
But Goldman and other investors must be using similar sleight of hand, at least to some degree, to rationalize their own investments in the company.
The family rationalizes the losses as investments in the future.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com