Service management, Value, and Value co-creation Flashcards

Think of ITIL 4 as a master chef's guide to running a successful restaurant. The chef (service provider) needs to understand what dishes (services) customers want, involve them in creating new menu items (value co-creation), and ensure the dining experience (service management) is worth the price (value).

1
Q

What is Service Management in ITIL 4?

A

a) Definition: A set of specialized organizational capabilities for enabling value for customers in the form of services.
b) Mnemonic: “SOAP” - Service Organizational Abilities Provide value
c) Explanation: SOAP reminds you that service management, like soap, helps clean up and organize your service delivery process.

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2
Q

Define Value in ITIL 4

A

a) Definition: The perceived benefits, usefulness, and importance of something.
b) Mnemonic: Visual image of a scale weighing a heart (representing importance) against a lightbulb (representing usefulness)
c) Explanation: This image helps you remember that value balances perceived importance and usefulness.

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3
Q

What is Value Co-creation?

A

a) Definition: Joint creation of value by the service provider and the customer, allowing the customer to co-construct the service experience.
b) Mnemonic: “CoCoNut” - Customer Collaboration Nurtures value
c) Explanation: CoCoNut reminds you that value co-creation involves nurturing a collaborative relationship with customers.

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4
Q

Who determines value in ITIL 4?

A

a) Answer: The customer determines what is of value to them, not the service provider.
b) Mnemonic: “CUDI” - Customer Ultimately Decides Importance
c) Explanation: CUDI sounds like “cutie,” reminding you that the customer is the star in determining value.

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5
Q

Name three key stakeholders in ITIL 4 service management.

A

a) Answer: Organizations, service providers, and service consumers
b) Mnemonic: “OSC-ar” - Organizations, Service providers, Consumers are key
c) Explanation: Think of an Oscar statue to remember the three main players in service management.

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