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commodification
(redirected from Commoditization)

   Also found in: Financial, Wikipedia 0.01 sec.
com·mod·i·fy  (k-md-f)
tr.v. com·mod·i·fied, com·mod·i·fy·ing, com·mod·i·fies
To turn into or treat as a commodity; make commercial: "Such music . . . commodifies the worst sorts of . . . stereotypes" (Michiko Kakutani).


com·modi·fia·ble adj.
com·modi·fi·cation (-f-kshn) n.

commodification [kəˌmɒdɪfɪˈkeɪʃən]
n
the inappropriate treatment of something as if it can be acquired or marketed like other commodities the commodification of human life


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Based on an extensive series of interviews with industry leaders, combined with primary research and a review of a wide range of industry and economic data, Booz & Company has identified four opposing forces with the potential to redefine the boundaries and practices of the industry: Commoditization versus innovation, lean operations versus strategic investment, consolidation versus fragmentation and re-regulation versus deregulation.
Potential for market expansion depends greatly on a company's ability to avoid commoditization of its products and remain price-competitive with offshore manufacturers.
He addresses the internal morality of clinical medicine, the commoditization of medical and health care, the identity of medicine, patient and physician autonomy and the conflicting rights and obligations in the relationship, character and virtue, the physicians' conscience and its relationship with religion, and the expansion of medical ethics in the post-Hippocratic era.
 
 
 
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