Business services are all the support services required by a business to operate and stay competitive. These services include administrative, financial, marketing and legal. They are often customized to meet specific needs, and are designed to help companies save time and money, improve productivity and efficiency, and keep up with changing market trends. They can be provided by internal staff or third-party service providers.

Business service management involves the use of a framework and processes to identify, design, deliver and manage business services. The goal of business service management is to ensure that a company has the right mix of business services to achieve its desired outcomes. Typically, the business services that are most critical to the success of an organization are those that support the core activities of the company. These may include information technology (IT) services, procurement and shipping services, and finance services.

There are many different jobs in the business services industry, which is why this is a great career option for those interested in a job that is both interesting and rewarding. Some of the common business services include training, software, event planning and consulting services. These services are used by companies to grow their businesses, and they can also provide valuable insight into how a business can operate more effectively.

These types of services are typically non-tangible, meaning they cannot be held or touched. Unlike goods, which can be stored for future use, services must be delivered as soon as they are needed. This is one of the main differences between business services and goods.

A business service can be used by businesses of all sizes and types. They can be as simple as a phone call with an IT specialist or as complex as a merger and acquisition. Regardless of their complexity, business services can have a significant impact on the bottom line of a company.

In addition, business services are increasingly being used to create new combinations of goods and services that have greater value than either can be purchased individually. This concept is known as servitisation, and it is a key driver of the EU economy.

In SL1, you can mark services as favorites by clicking the star icon next to a service name. This will make that service display at the top of the Business Services page by default and appear in RCA options. You can also select a group of favorite services and then choose to multi-sort the Business Services page by those selected services. To remove a favorite, click the icon again. To learn more, see Creating Dashboards for Business Services. Alternatively, you can set up Business Services pages that are pre-loaded with a list of default dashboards. These can be customized by choosing the Business Services page and selecting a preset dashboard or customizing it to your specifications. To get started, see Setting Up a Business Services Page.