Definitions Flashcards
A means of enabling value co-creation by facilitating outcomes that customers want to achieve, without the customer having to manage specific costs and risks.
Service
The functionality offered by a product or service to meet a particular need
- What a service does / what need does it fill / fit for purpose
- Must:
§ Support the performance of the consumer, that is, help them do what they do better, or
§ Remove constraints on the consumer’s actions
Utility
Assurance that a product or service will meet agreed requirements
- SLA
- How the service performs / is it fit for use
§ Available when required
§ Capacity
§ Security
§ Continuity
Warranty
A set of specialised organizational capabilities for enabling value for customers in the form of services
Service Management
Provider of service (internal or external)
Service Provider
Consumer of service (refer Customer, User, Sponsor)
Service Consumer
Requirements and takes responsibility for the outcomes of service consumption
Customer
No influence over the supplier or terms of the contract
User
Authorised the budget
Sponsor
Are configurations of the organizations resources, that will be potentially valuable for their customers. Service provide Products
Products
Including people, information, technology, value streams, processes, suppliers and partners
Resources
Is the perceived benefits, usefulness, and importance of something. Value can be subjective
Value
Is a very broad term and can cover the customer or consumer of a service, or part of the service provider organization(s)
Stakeholders
Work with the service provider to create value that is both deliverable and acceptable to the consumer. – Using a service relationship
Value Co-Creation
Vary in size and complexity, from a single person or a team, to a complex network of legal entities united by common objectives, relationships and authorities
Organisation
What is delivered (training material)
Output
What impact an output had (educating team)
Outcome
- Risk removed from the consumer (part of value prop)
- Risk imposed on the consumer
- Risk reduction:
§ Consumer participating in definitions of requirements
§ Clearly communicating critical success factors
§ Ensuring resources available throughout service relationship
Risks
Co-operation between service provider and service consumer.
Is defined as a co-operation between a service provider and service
consumer.
They are established between two or more organizations to co-create value. In a service relationship, organizations will take on the roles of service providers or service consumers.
Service Relationship
Defined as a description of one or more services, designed to address the needs of a target consumer group. May include goods, access to resources, and service actions
Service Offering
- Supply of Goods
- Licensing or granting of access to resources
Service Actions - eg. - Customer Support
Service Offering Categories