What is objective in SAP EPM-SM - Strategy Management?

SAP Term: objective

• Component: EPM-SM

• Component Name: Strategy Management

• Description: As the vision and mission describe the top-level desired state of the organization; so objectives describe critical, actionable, and measurable components objectives of that desired state within the context of perspectives.

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• Key Concepts: 
  Objective in SAP EPM-SM Strategy Management is a goal that an organization wants to achieve. It is a measurable target that is set to help the organization reach its strategic goals. Objectives are typically linked to key performance indicators (KPIs) and are used to track progress towards the organization's overall strategy. 
  
  How to use it: 
  Objectives can be created in SAP EPM-SM Strategy Management by defining the goal, setting a timeline, and assigning a responsible person or team. Objectives can also be linked to KPIs, which can be used to measure progress towards the goal. Objectives can be monitored and adjusted as needed in order to ensure that the organization is on track to reach its strategic goals. 
  
  Tips & Tricks: 
  When creating objectives in SAP EPM-SM Strategy Management, it is important to ensure that they are SMART (specific, measurable, achievable, relevant, and time-bound). This will help ensure that the objectives are clear and achievable. Additionally, it is important to ensure that objectives are linked to KPIs so that progress can be tracked and monitored. 
  
  Related Information: 
  For more information on objectives in SAP EPM-SM Strategy Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_EPM_SM_Strategy_Management/1.0/en-US