Key Concepts in SM Flashcards
Means of enabling value co creation by facilitating outcomes that customers want to achieve
Service
Configuration of resources created by organization that will be potentially valuable for their customer. Not always visible
Product
Set of specialized organizational capabilities for enabling value for customers in the form of services
Service Management
Provisioning service
Helps service consumer achieve outcomes
Service provider
Receiving service
Service consumer
Defines Requirements and is Responsible for Outcome
Customer
Uses service
User
controls budget for service
Sponsor
Person or group of people that has its own function with responsibilities, authority, and relationships to achieve objectives with purpose to create value for stakeholders
Organization
Tangible or intangible Deliverable of an activity
Output
RESULT for a stakeholder enabled by 1 or more outputs
Outcome
PERCEIVED benefits, usefulness and importance of something
Value
Money spent on an activity or resources
Cost
Possible event that could cause harm or loss or make it more difficult to achieve objectives
Risk
What a service does
Purpose
Functionality
Utility
How service performs
Fit for Use
Requirements
Warranty
Description of one or more services designed to address needs of a target consumer group
Service Offering
4 Dimensions of Service Management (with desc)
- Organization & people - roles & resp; capacity, authority, culture
- Information & technology - info necessary for mgmt of services and tech required
- Partners & Suppliers - relationships
- Value streams & processes - parts of org work together to enable value
Factors affecting 4 dimensions of Service Mgmt
Political Economic Social Technological Environmental Legal
Properly integrate services and suppliers
Service integrator
Set of interrelated or interacting activities that transform inputs to outputs
Process
describes how all components and activities of the organization work together as a system to enable value creation
Business Model
remove silos
Components?
Service Value System
- Guiding principles
- Governance
- Service Value Chain
- practices
- continual improvement
Recommendation that guides in all circumstances, regardless of changes in its goals, strategies, type of work or management structure
Guiding principles