Business services are a broad category that includes advertising, marketing, consulting, logistics (including travel and facilities services), waste handling, staffing services, shipping, administration and security. Nearly every business operates with at least one of these services.
In general, services are non-physical goods that provide assistance to organizations but do not have a tangible value. This is contrasted with goods, which are physical products that can be purchased by customers and delivered.
The services industry is an important component of European competitiveness as it allows companies to expand and develop new products. It is also critical to the economy’s’servitisation’ process, enabling new combinations of goods and services that improve the efficiency of manufacturing and other service sectors.
Businesses often outsource tasks to business services professionals, which helps reduce costs and time spent on non-core business processes. For example, companies may outsource their accounting or legal departments to a company that specializes in those areas.
A manager of business services requires higher levels of education than a division manager. They’re 8.3% less likely to earn a Master’s Degree and 0.2% less likely to get a Doctoral Degree.
A manager of business services has a variety of responsibilities that typically involve managing a team, providing guidance to strengthen control environments and conducting strategic analyses. They often have experience in a specific industry and are known for their leadership, management and problem-solving skills. They are also known for their proficiency in CPA, risk management and business operations.