From Wikipedia, the free encyclopedia.
Strategic Enterprise Management (SEM) refers to software designed to assist companies in making high-level (that is, strategic) decisions.
Key concepts in SEM include:
- Setting specific strategic goals which will improve the position of the company, rather than more general goals such as increased profit or reduced costs.
- Measuring performance in terms of defined goals, and making the information available to those making strategic decisions.
- Measuring and managing "intellectual capital", the skill and knowledge base of the companies workforce.
- Activity based management (ABM), which seeks to evaluate customers and projects in terms of their total cost and benefit to the organisation, rather than assuming that the most important projects are those bringing the highest revenue.
