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

SAP Term: target

• Component: EPM-SM

• Component Name: Strategy Management

• Description: A value that represents a defined objective or goal.

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• Key Concepts: 
  Target in SAP EPM-SM Strategy Management is a goal or objective that an organization sets for itself. It is a measurable outcome that the organization wants to achieve. Targets are typically set for a specific period of time, such as a quarter or year. Targets can be set for any area of the business, such as sales, customer service, or product development.
  
  How to use it: 
  In SAP EPM-SM Strategy Management, targets can be set at the organizational level or at the individual level. At the organizational level, targets are set by senior management and are used to measure the overall performance of the organization. At the individual level, targets are set by managers and are used to measure the performance of individual employees. Targets can also be set for specific projects or initiatives.
  
  Tips & Tricks: 
  When setting targets in SAP EPM-SM Strategy Management, it is important to ensure that they are realistic and achievable. It is also important to ensure that targets are aligned with the overall strategy of the organization. Finally, it is important to ensure that targets are regularly monitored and updated as needed.
  
  Related Information: 
  SAP EPM-SM Strategy Management also includes features such as key performance indicators (KPIs), which can be used to measure progress towards achieving targets. Additionally, SAP EPM-SM Strategy Management includes features such as scorecards and dashboards, which can be used to visualize progress towards achieving targets.