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For a start, they are focusing more on profit margins than on revenue growth, the traditional benchmark of a chaebol's success.
The traditional benchmark was 80 percent of the U.C.R., while newer ones mostly range from 140 percent to 250 percent of Medicare rates.
Meanwhile, many households have run up their debts to dangerous levels; the Federal Reserve Board reported recently that in 1998, 12.7percentt of families -- up from 10.5percentthree years earlierer -- were carrying debt payments of more than 40percentt of income, a traditional benchmark for imprudent borrowing.
Now the spread on Italy's ten-year bonds over those of Germany (the traditional benchmark for measuring risk premiums in Europe) has opened up from 12 basis points at the beginning of the year to 19.Europe's internal drama over the constitution is not the only, or perhaps even the main, reason why the euro is falling and spreads are widening.
Researchers and city officials credited the improvements, in part, to a change the Education Department made two years ago in beginning to specifically track chronic absentees, defined as students who miss 20 days or more in a school year, along with tracking average attendance in schools, the traditional benchmark.
They are cheap by any traditional benchmark.
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"The incentive to sell processes instead of giving them away may mean that traditional benchmarking is over," said Robert Sullivan, dean of the Kenan-Flagler Business School athehe University of North Carolina.
He knew that in this environment, without traditional benchmarks and supports, his greatest enemies were high levels of anxiety and disengagement, as well as a slow-burning pessimism.
But as the recent scandal involving the London interbank offered rate, or Libor, has shown, traditional benchmarks can come under attack.
But the fight takes place in an unfamiliar political landscape, one where gay marriage has become the law of the land and one of the traditional benchmarks of the social conservative cause has been rendered meaningless.
Voters have long favored traditional benchmarks like 500 home runs and 300 wins, but as our knowledge of how player performance relates to a team's success has grown, we now see the limitations of those statistics.
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