Foundations Flashcards
(87 cards)
A set of organizational capabilities for enabling value to customers in the form of services
Service Management
A means of enabling value co-creation by facilitating outcomes that customers want to achieve, without customers having to manage specific costs and risk
Service
The perceived benefits, usefulness and importance of something
Value
A configuration of an organization’s resources designed to offer value to a customer
Product
A person or a group of people that has its own functions with responsibilities, authorities and relationships to achieve its objectives
Organization
A person who defines requirements for services and takes responsibility for outcomes from service consumption
Customer
A person who uses services
User
A person who authorizes the budget for service consumption
Sponsor
A person with a (vested) interest in the service provision, this can include shareholders, executive, customers and users etc
Stakeholder
The tangible or intangible delivery of an activity
Output
A result for a stakeholder enabled by one or more activities
Outcome
The functionality offered by a product or service to meet a particular need
This is more easily understood as considering “what the service does”
Utility
The assurance that a product or service will meet agreed requirements
This is more easily understood as considering “how the service performs”
Warranty
A formal description of one or more services, designed to meet the needs of a target consumer group. This may include goods, access to resources and service actions
Service Offering
A cooperation between a service provider and a service consumer. These include service provision, service consumption and service relationship management
Service Relationship
A role performed by an organization in a service relationship to consume services
Service Consumer
A role performed by an organization in a service relationship to provide services to consumers
Service Provider
Joint activities performed by a service provider and a service consumer to ensure continual value co-creation based on agreed available service offerings
Service Relationship Management
A tangible or intangible delivery of an activity
Output
A result for a stakeholder enabled by one or more outputs
Outcome
The amount of money spent on a specific activity or resource
Cost
A possible event that could cause harm or loss or make it more difficult to achieve objectives. This can also be defined as uncertainty of outcome, and can be used in the context of measuring the probability of positive outcomes as well as negative outcomes
Risk
Activities performed by an organization to provide services.
Includes: Management of the provider’s resources, configured to deliver the service.
ensuring access to these resources for users.
fulfillment of the agreed service actions.
service level management and continual improvement.
the supplying of goods.
Service Provision
Activities performed by an organization to consume services.
Includes: Management of the consumer’s resources needed to use the service.
performed by users, including the provider’s resources, and requesting service actions to be fulfilled.
the receiving (acquiring) of goods.
Service Consumption