The yardstick of performances was chosen solely as the NPV attained in the optimization scheme.
Many, if not most, enterprises rely on faulty yardsticks of performance, favoring financial measures that do not truly capture their businesses.
Over the preceding three years, the yardstick of relative performance grew in popularity; by 2004, it was the most commonly-used measure, according to PIRC.
The most widely used yardstick of equity performance around the globe, the Morgan Stanley Composite Index, showed that a recovery in developed economies coupled with boom conditions in emerging markets has created a new record for shares.
Writing last year, Aditya Chakrabortty posted that we should seriously start looking at other indicators: For all its prominence, GDP is only one yardstick of economic performance and it is no guide to social progress.
Yet this policy statement might have remained a dead letter if Vail had not at the same time designed yardsticks of service performance and introduced these as a means to measure, and ultimately to reward, managerial performance.
They are undoubtedly superior to traditional yardsticks of corporate performance, such as return on capital employed and earnings per share, which rely on accounting figures.
According to this notion, a government enterprise serves as a useful benchmark, or yardstick, for the performance of private firms.
The bottom-up methods for energy benchmarking aim to derive a yardstick for energy performance based on a theoretical analysis of a building.
Hard-bitten executives may consider it absurdly indulgent and financially untenable to concern themselves with such theories in a world where bottom-line performance is the yardstick of success.
They consider specific, objectively defined work goals and establish the yardstick for measuring performance.
