Validity and utility of a hyperknowledge-based financial benchmarking system
Published 19 November 2002
Hannu Vanharanta, Timo Käkölä, B. Back
Citations13
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TL;DR
This paper assesses the validity and utility of a new hyperknowledge working and learning environment applied to a financial benchmarking application that utilizes a large annual reports database and provides supporting evidence that the hyperknowledge-based application can meet the users' needs in the domain ofFinancial benchmarking and that the application could be advantageous in practice.
Abstract
Computer technology is transforming strategic management and strategic decision making. One important area of strategic management work, from a competitive viewpoint, is benchmarking. Competitive benchmarking is a company-internal process in which the activities of a given company are measured against the best practices of the best-in-class companies using financial and/or non-financial yardsticks. We believe that hyperknowledge-based support systems provide new, effective and efficient ways of performing benchmarking. This paper assesses the validity and utility of a new hyperknowledge working and learning environment applied to a financial benchmarking application that utilizes a large annual reports database. The results provide supporting evidence that the hyperknowledge-based application can meet the users' needs in the domain of financial benchmarking and that the application could be advantageous in practice.>
Keywords
Computer ScienceBusiness, Management and Accounting
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