What is strategic initiative in SAP EPM-SM - Strategy Management?

SAP Term: strategic initiative

• Component: EPM-SM

• Component Name: Strategy Management

• Description: A type of initiative that drives the execution of a strategic goal.

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• Key Concepts: 
  A strategic initiative is a project or activity that is part of a larger strategy. It is a specific action that is taken to achieve a strategic goal. In SAP EPM-SM Strategy Management, strategic initiatives are used to define and track the progress of a strategy. 
  
  How to use it: 
  In SAP EPM-SM Strategy Management, strategic initiatives are used to define and track the progress of a strategy. They are created by assigning objectives, goals, and activities to each initiative. The progress of each initiative can then be tracked and monitored using the system's reporting capabilities. 
  
  Tips & Tricks: 
  When creating strategic initiatives in SAP EPM-SM Strategy Management, it is important to ensure that they are aligned with the overall strategy. This will help ensure that the initiatives are focused on achieving the desired outcomes. Additionally, it is important to ensure that the objectives, goals, and activities associated with each initiative are clearly defined and measurable. 
  
  Related Information: 
  For more information on SAP EPM-SM Strategy Management, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_EPM_SM_STRATEGY_MANAGEMENT/latest/en-US.