Strategy is a plan of action to achieve a desired goal and it exists at all levels of the organization. SSM is a comprehensive offering from SAP that helps organization achieve their goals. SSM helps organizations manage their goals, initiatives and metrics.
A very key competitive advantage is to successfully formulate and execute strategy. Execution is not the end, we need to have a methodology and the tool to constantly measure and adapt. SAP SSM provides the ability to do just that.
Strategy planning will help in breaking down strategies into objectives. We then will fund meaningful initiatives that are set out to achieve meaningful goals. An objective will be broken into goals.
A continuous performance monitoring process is needed to catch and observe variances from goals and make corrective actions.
SSM offers tools like balanced score cards and management cockpits that will help us do just do that.