Competitive financial benchmarking with hyperknowledge

Author

Vanharanta, Hannu

Author_Institution

Inst. for Adv. Manage. Syst. Res., Kauniainen, Finland

Volume

3

fYear

1994

fDate

4-7 Jan. 1994

Firstpage

231

Lastpage

240

Abstract

Competitive benchmarking is a useful and powerful tool in strategic planning. It allows a management team to compare the critical success factors of their company against those of other companies operating in the same markets or industry. Through this comparison, the management team is able to define target levels for critical success factors, and to evaluate the company´s strategic objectives in relation to its direct competitors. The methods used in competitive benchmarking must be user friendly. They must allow users to draw upon, and to quickly compare, key issues from a knowledge base. It has transpired that a hyperknowledge environment is useful for this purpose. The context used for the system development is the pulp and paper industry. A database of 800 annual reports from 160 pulp and paper companies was used as a test environment for competitive financial benchmarking.<>

Keywords

commerce; financial data processing; hypermedia; knowledge based systems; paper industry; annual reports database; competitive financial benchmarking; critical success factors; direct competitor; hyperknowledge environment; knowledge base; management team; paper industry; pulp industry; strategic objectives; strategic planning; system development; test environment; user friendly methods;

fLanguage

English

Publisher

ieee

Conference_Titel

System Sciences, 1994. Proceedings of the Twenty-Seventh Hawaii International Conference on

Conference_Location

Wailea, HI, USA

Print_ISBN

0-8186-5090-7

Type

conf

DOI

10.1109/HICSS.1994.323348

Filename

323348