Master of Business Administration (MBA): Defining and Delivering Business Services

Business services

Business services are activities that support a company’s business without the delivery of a physical product. These activities can benefit companies in many ways, including marketing, production, safety and cost. They are also important to consumers and can help them save time, money and hassle. These services can include warehousing, distribution and logistics, IT and other technology support and even personal or office services. There are three types of Business services: business-to-business, business-to-consumer and personal services.

Unlike a product-based industry, business service-based industries focus on offering their skills and expertise rather than selling physical products. They are often intangible and require special tools or training to access, but they can be a lucrative way for people to work for themselves and earn an income. A Master of Business Administration, or MBA, is one way for business professionals to pursue careers in these fields. To be successful in these industries, there are several key strategies to follow.

When defining digital business services, it is important to consider the customer and employee experience. It is necessary to identify the different processes and interactions involved in a service’s delivery, as well as how they are aligned with organizational goals. This will allow organizations to create a system of engagement that streamlines the user experience and provides the ability for customers and employees to interact with the service in a streamlined and automated way.

To deliver a digital business service, it is essential to define a process framework and assign accountability for the implementation and management of the service. This can be based on existing methodologies like ITIL, IT4IT or COBIT, but the most important thing is to establish a core set of processes that will be used for all services. This will ensure consistent and efficient delivery.

After establishing the process framework, the next step is to create the digital means for engaging with the business service. This can be a customer or employee portal or an app that will enable them to engage with the service in a simple and automated way. A knowledge management system is also required to reliably collect, maintain and dispense information about the digital business service throughout its lifecycle.

Finally, a continuous service improvement management process is required to monitor the performance of the business service and determine how to optimize it. This can be done by identifying and analyzing trends in service consumption, delivery and performance as well as comparing them with business goals. Then, an appropriate plan can be put into place to improve the performance of the digital business service in line with those goals. The resulting improved performance will provide additional value to the customer and the organization. This will drive further adoption and increase the return on investment for the business services. The resulting increased value will ultimately lead to an overall higher level of satisfaction for both the customer and the organization. This will drive a higher degree of customer retention, which is the ultimate goal of any business.