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A Classier New System

Frontier -- Trends

A Classier New System

Say sayonara to the government's outmoded Standard Industrial Classification (SIC) code, which lumped together vast, unrelated industries into similar categories. Now, when you're benchmarking your company against its peers, you'll use the new North American Industry Classification System (NAICS), pronounced "nakes," which debuts this fall in the latest data from the U.S. Census Bureau's Economic Census. It's available on the Web at www.census. gov/naics. There, you can track your old SIC code's new NAIC equivalent. The new system streamlines old categories while adding 350 new industries (say farewell to the women's blouses category and hello to cell phones).By Dennis Berman

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