Section 2 Flashcards

1
Q

Organizational Capability

A

Having both the capacity and the ability to perform required functions.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Value

A

The perceived benefits, usefulness, and importance of something. Note: it is always something perceived and therefore subjective.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Organization

A

A person or a group of people that has its own functions, responsibilities, and relationships to achieve its objectives.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Service Provider

A

A role performed by an organization in a service relationship to provide services to consumers.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Consumer

A

A role performed by an organization in a relationship that consumes or uses a service.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

User

A

A person who uses services.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Customer

A

A person who defines the requirements for a service and takes responsibility for the outcomes of service consumption.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

How should an organization organize its people?

A

To best support its activities, practices, and processes.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

How is value created?

A

It is co-created by a service provider and service consumer.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What are the two generic roles an organization can fulfill?

A
  1. Service Provider 2. Service Consumer An organization can fulfill them simultaneously.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What three generic roles can people fulfill?

A
  1. User 2. Customer 3. Sponsor These can be filled individually or simultaneously.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Sponsor

A

A person who authorizes the budget for service consumption.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What often happens when a Service Provider is able to make the Sponsor, Customer and User happy?

A

Repeat business.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Service

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.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Product

A

Configuration of resources created by an organization that might be valuable for a customer.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Who owns or manages resources.

A

An organization.

17
Q

What combines and simplifies the various services?

A

A product.

18
Q

Service Offering

A

A description of one or more services designed to address the needs of a target consumer group. Can include goods, access to resources, and service actions.

19
Q

Goods

A

Things that are transferred from the Service Provider to the Consumer. The Consumer is then responsible for their future use.

20
Q

What is the nature in which Access to Resources are granted or licensed to consumers?

A

According to agreed upon terms and conditions.

21
Q

Service Action

A

Actions performed to address the needs of a consumer. e.g. Technical Support or services needs.

22
Q

Service Relationship

A

A cooperation between a service provider and service consumer including service provision, service consumption, and service relationship management.

23
Q

Service Provision

A

The activities performed by an organization to provide a service

24
Q

Service Consumption

A

The activities performed by an organization to consume a service.

25
Q

Service Relationship Management

A

The activities of a service provider and service consumer for enabling value co-creation.

26
Q

Outcome

A

A result for a stakeholder, enabled by one or more outputs. They achieve results.

27
Q

Output

A

A tangible or intangible deliverable of an activity. e.g. A report or email.

28
Q

How are services facilitated?

A

Through one or more outputs.

29
Q

Where should focus be placed when evaluating the metrics of a service?

A

To evaluate outcomes over outputs.

30
Q

Costs

A

The amount of money spent on a specific activity or resource. Note: Cost may be measured in man-hours or full-time equivalent (FTEs).

31
Q

What objective is a service provider aiming to accomplish for the service consumer when providing a service?

A

The reduction or removal of cost and risk.

32
Q

Risk

A

A possible event that could cause harm, loss, or make it difficult to achieve an objective. Note: It impacts the ability to co-create value.

33
Q

Utility

A

Functionality offered by a product or service to meet a particular need. Note: What a service does (is the service fit for purpose).

34
Q

Warranty

A

Assurance that a product or service will meet the agreed requirements. Note: How a service does it/performs (is the service fit for use).