What is strategy category in SAP FIN-SEM-CPM - Corporate Performance Monitor?

SAP Term: strategy category

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: General category to which strategies are assigned. In the Balanced Scorecard, you can use the strategy category to compare strategies that have different names, but have the same subject, and thus belong to the same category.

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• Key Concepts: 
  Strategy category is a component of the Corporate Performance Monitor (FIN-SEM-CPM) in SAP. It is used to define the strategic objectives of an organization and to track the progress of those objectives. It allows users to create a hierarchy of objectives, assign weights to each objective, and track performance against those objectives. 
  
  How to use it: 
  To use the strategy category component of FIN-SEM-CPM, users must first create a hierarchy of objectives. This hierarchy should be based on the organization's strategic goals and should include both short-term and long-term objectives. Once the hierarchy is created, users can assign weights to each objective in order to prioritize them. Finally, users can track performance against these objectives by setting up key performance indicators (KPIs) and monitoring their progress over time. 
  
  Tips & Tricks: 
  When creating a strategy category hierarchy, it is important to ensure that all objectives are clearly defined and measurable. This will make it easier to track progress against them and identify areas for improvement. Additionally, it is important to regularly review the hierarchy and adjust weights as needed in order to ensure that the organization's strategic goals remain aligned with its current objectives. 
  
  Related Information: 
  For more information on using the strategy category component of FIN-SEM-CPM, please refer to the SAP Help Portal or contact your local SAP representative.