June 2019
Intermediate to advanced
77 pages
57m
English
This chapter defines:
•Products and services
•Utility
•Warranty
•Output
•Outcome
•Risk
The services an organisation provides are based on one or more products. Products are created from configurations of the resources an organisation has access to. Resources include:
•People
•Information
•Technology
•Value streams
•Processes
•Suppliers
•Partners
“A service is 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.”
“A product is a configuration of an organization’s resources designed to offer value for a consumer.”
Service providers need to consider the following areas to assess whether or ...
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