Key Concepts and Definitions Flashcards

1
Q

A set of SPECIALIZED capabilities for enabling value to customers in the form of services. (What distinguishes companies)

A

Service Management

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2
Q

The PERCEIVED benefits, usefulness and importance of something. (customers feeling towards your service)

A

Value

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3
Q

Defines requirements for services

A

Customer

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4
Q

A person who uses the service

A

User

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5
Q

Authorizes budget for services

A

Sponsor

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6
Q

External partner who provieds servies to the organanization

A

Supplier

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7
Q

A group of people that has its own functions, responsibilities and authorizes to achieve specific objectives. (Team, department, or whole company)

A

Organization

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8
Q

The means of developing VALUE co-creation by faciliatinig outcomes that CUSTOMERS want to achieve without the CUSTOMER having to manage specific costs and risks

A

Service

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9
Q

A configuration of RESOURCES created by the SERVICE-PROVIDER ORGANIZATION that will be potentially valuable to customers

A

Product

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10
Q

A specific mix of SERVICES and PRODUCTS sold to a specific CUSTOMER

A

Service Offering

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11
Q

Type of SERVICE OFFERING. OWNERSHIP is transferred to CUSTOMERS.
Ex (laptop, phone)

A

Goods

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12
Q

Type of SERVICE OFFERING.
CUSTOMER is ONLY allowed to USE it. (cloud solutions and subscription based services)

A

Access to resources

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13
Q

Type of SERVICE OFFERING.
THINGS the service provider does for the customer. (Ex. Handling warranty related issues)

A

Service Actions

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14
Q

A tangible or intangible DELIVERABLE of an activity (Ex. Scoring a goal)

A

Output

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15
Q

Uncertainty of outcome. Can be good (opportunity) or bad (hazard)

A

Risk

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16
Q

Fit for PURPOSE. SERVICE DOES what it is meant to do. (FUNCTIONALITY)

A

Utility

17
Q

Fit for USE. SERVICE does its purpose GOOD ENOUGH.
Is Availability, Capacity, Continuity, Security, good enough ?

A

Warranty

18
Q

Value = Utility + Warranty + perception

A

Equation that creates VALUE