The Business Services that organizations utilize are called business services. Unlike products or goods services are intangible. A large part of the business industries is present in the service sector. There are different types of business services based on the sector they cater to. These business services provide various aspects of the industry which the goods or products cannot provide.
Following are a few types of Business services :
Management Services
Management of different types for example finance industries requires asset Management Services, Debt Management services, or stock Management services. Some sectors would require facility Management services and horrible people Management services.
Event Management Services are one of the important parts of every organization. They require assistance from third-party agents who specialize in event marketing and event management. The services are required especially for business and trade shows as well as during launch events and other important business meetings.
Software Business Services
Information Technology has made its presence in every field. A major part of it is Software services. Software is an integral part of every electronic device. The software ranges from operating systems to anti-virus to data backups to special programs to access special files.
Part of software servicing is giving upgrades and enhancing the features as well as security. It is essential that while all the important transactions happen over software’s chances of software hacking increase. This is your software services come into the picture.
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Consulting Business Services
These are the types of business services that are used by many organizations irrespective of industry. Consulting services can be for financial projects, business expansion projects, or a particular sector of business. Consultations are an integral part of corporate giants like Accenture which provide services to almost every industry.
Consulting services are also availed by organizations during mergers and acquisitions to understand the nature of the industry and the nature of the business. Consultancy services are also provided to understand the nature of the competition and the industry specifics.
Training Business Services
A lot of companies require training services. While the companies are competent enough to train their employees in their technicalities, external training agency services are required to train employees in soft skills or case of technical know-how about a sector unrelated to the organization.
For example, an FMCG organization like Unilever would require training in IT and software services upgrading their existing software to new versions. There are also external training agencies that provide training programs to employees regarding certain skills.
Financial Services
Finance is a very important aspect of any organization. Every organization requests financial services for various purposes like taxation, valuation, depreciation, or expansion. Managing finances is usually done by the finance department in the organizations but the services here mentioned above require special financial help from financial advisors.
Financial advisors are also present in investment decisions wherein they decide what is the amount of investment to be done in which sector and whether there is a good and timely return on investments. Financial services are also required for stock market decisions.
Marketing Business Services
Organizations require Marketing Services often, especially niche marketing services like creative advertising and creative marketing. There are designated Advertising and Marketing agencies to do just that.
These agencies focus only on providing services to the clients by coming up with innovative ideas. Companies do have an in-house Marketing department but they prefer to invest in outsourcing the marketing to get quality work done. An organization may also have a marketing department that is in the house and caters to third-party clients as well.
Travel Services
Organizations often require travel to different locations on account of the business. These services must be outsourced to the proper people involved in travel booking since they can get the bookings done at a very reasonable charge.
Hospitality services are also a part of travel services, which deal with providing lodging and boarding. Providing proper stay to employees after they reach the destination, looking at transportation facilities, and making all other local travel arrangements are a part of Travel services.
Catering Business Services
Good food is a very important aspect of every business meeting. There must be the presence of proper and hygienic catering services that look after food and beverages for organizations. It can be a regular meeting or it can be an Annual Meeting, the food services should be proper authentic hygienic, and if possible, innovative while being in likes with everyone’s taste.
It is also important to have a variety of food since organizations now have become multicultural. While there are few countries like the United States where all kinds of food are acceptable there are other countries like the United Arab Emirates which does not accept pork in its menu or India where beef is considered taboo.
Distribution and supply chain Services
These are the services that organizations have referred to either keep in-house or give to a third party. For example delivery services Amazon initially wear with a third party but later on moved back to Amazon.
Every organization requires courier services which is a part of supply chain management. Right from sending bills to most important letters, courier services are still widely used and preferred, sometimes more than instant online services. Distribution services are also required to transport a product from one location to other or from the warehouse to the distributor or from the warehouse to the customer.
Business Services Designing
Designing is the type of business service that requires immense focus and superb creativity. Right from designing an insurance policy for example to designing a model of a car to designing a dress creativity is the most important factor in designing. Apart from offline designing, there is also nowadays something called online designing which includes designing a website, and a video, to designing an email that is being sent to the customer, which should be designed properly, attractively, and innovatively.
