Every metrics workshop I've been in starts the same way.
"Is this metric SMART? Specific, Measurable, Achievable, Relevant, Time-bound?"
Revenue growth: ✓ SMART
Churn rate: ✓ SMART
NPS: ✓ SMART
CAC payback: ✓ SMART
All pass. All "validated."
And then you sit in the strategy meeting with your dashboard of SMART-approved metrics and realize: none of them tell you whether to go upmarket or down. Whether to build the integration or improve the core. Whether to hire sales or invest in product.
SMART checks grammar. It checks that a metric is well-formed.
It doesn't check whose strategy that metric encodes.
That "Top 10 SaaS Metrics" list you pulled from? Someone invented those metrics to solve THEIR strategic problem. When you adopt them because they pass SMART, you're executing their strategy, not yours.
Your dashboard is full of borrowed metrics that passed borrowed tests. And everyone wonders why strategy discussions feel like staring at numbers that stare back.