What is strategic characteristic in SAP IM - Investment Management?

SAP Term: strategic characteristic

• Component: IM

• Component Name: Investment Management

• Description: The special organizational units, on which strategic planning is carried out. They are a freely-definable subset of the the attributes of program positions such as business area, company and plant. You specify this subset using transaction AIBW01 in SAP BW.

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• Key Concepts: 
  A strategic characteristic is a feature of the Investment Management (IM) component of SAP that allows users to define and manage investments in a strategic way. It enables users to define and manage investments in terms of their strategic objectives, such as cost savings, revenue growth, or risk reduction. Strategic characteristics can be used to track and analyze investments over time, as well as to compare different investments.
  
  How to use it: 
  To use the strategic characteristic feature of the IM component of SAP, users must first define the strategic objectives they want to track. This can be done by creating a “strategic characteristic” in the IM component. Once this is done, users can then assign values to each strategic objective, such as cost savings or revenue growth. These values can then be tracked and analyzed over time.
  
  Tips & Tricks: 
  When creating a strategic characteristic in the IM component of SAP, it is important to ensure that the values assigned to each objective are accurate and up-to-date. This will ensure that the data being tracked is accurate and reliable. Additionally, it is important to regularly review and update the values assigned to each objective in order to ensure that they remain relevant and up-to-date.
  
  Related Information: 
  The strategic characteristic feature of the IM component of SAP is closely related to other features such as budgeting and forecasting. By using these features together, users can gain a better understanding of their investments and make more informed decisions about their investments. Additionally, the strategic characteristic feature can be used in conjunction with other features such as reporting and analytics in order to gain further insights into investments.