Services in Modern Economy

Understand the role of the service sector in today’s economy and its evolving dynamics.

Services in Modern Economy showcase image
Track
Service Management
Level
Beginner
Language
English
Duration
30 hours
Learning Mode
Learn at ALC or at Home

Introduction

  • Describe the economic evolution, development, and growth of service sector in India.
  • Identify the prospects of growth and employment in service sector in India.
  • Discuss the theories and strategies of pre-industrial and post-industrial service society.
  • Classify the roles, characteristics, and technological involvement in 21st century service sector.
  • Diagnose the types of service experiences and careers in 21st century.
  • Explain the characteristics and processes involved in service sector.
  • Classify the difference between Service Industry Processes and Manufacturing/Product-based processes.
  • Discuss the different types of industries in service sector of India.
  • Diagnose the developing, maintaining and managing the different service process.
  • Examine the importance of customer participation and interaction in managing service processes.
  • Classify the different techniques used to improve the service processes.
  • Examine the upcoming trends and career opportunities in service sector.
  • Diagnose the differentiators and challenges faced in service sector.

What you'll learn ?

  • Paraphrase the complex and transformative economic evolution, leading to significant development and substantial growth in India.
  • Report the intricately interwoven and complex multifaceted outlook of growth and employment in service sector.
  • Compare the multifaceted, encompassing diverse socio-economic frameworks and approaches of pre-industrial and post-industrial service society.
  • Interpret the complex roles, diverse characteristics, and extensive technological involvement 21st century service sector.
  • Illustrate the diverse array of service experiences and careers encompassing a wide range of industries and fields in 21st century.
  • Illustrate the various characteristics and diverse process involvement in service sector.
  • Compare the nature of offerings and operational procedures of Service Industry Processes and Manufacturing/Product-based processes.
  • Review the various industries present in India offering distinct services and contributing to the country’s economic growth.
  • Interpret the complex task involved in developing, maintaining, and managing various service processes.
  • Inspect the crucial role of customer participation and interaction in effectively managing service processes to enhance customer satisfaction, optimize service delivery, and foster long-term loyalty.
  • Report the various advanced techniques employed to enhance service processes.
  • Review the upcoming trends that present diverse career opportunities in service sector.
  • Review the intricately interwoven, presenting a complex landscape of differentiators and challenges in service sector.

Syllabus

Role of Services in  an Economy 1
  • Role of Services in an Economy Introduction
  • The service sector
  • Facilitation role of services in an economy
  • Economic evolution
  • Development and structure of services sector GDP in India
  • Sectoral growth rate
  • Remarkable growth observation in India’s service sector –an  international comparison
  • Sectoral Composition of GDP Growth
  • Contribution of services sub-sectors to India’s GDP
  • Reasons for the growth of Services in India
  • Employment in the services sector
  • Indian service sector
  • Service sector in India: some issues & challenges
  • Prospects for Growth in the Services Sector
  • Role of Services in an Economy Introduction
  • Hunting-and-Gathering Societies
  • Horticultural and Pastoral Societies
  • Agricultural Societies
  • Preindustrial Society
  • Features Of Pre-Industrial Society
  • Transport Therefore Primitive
  • Industrial Society
  • Industrialisation in India
  • Post-industrial Society
  • Comparison of Societies
  • Theories Explaining the Growth of Services
  • Nature of Service Sector Introduction
  • Nature of the Service Sector
  • The Role of the Service Economy in Development
  • The Defining Characteristics of a service
  • Classification of Service
  • Trivia Time
  • White and Blue Collared Workers & The working class
  • Technology Spawns Workplace Change
  • The Twenty-first Century Career
  • Nature of Service Sector Introduction
  • The Twenty-first Century Career
  • The Experience Economy
  • The Business that sells an Experience
  • Consumer Service Experience
  • Business Service Experience
  • Service Dominant Logic
  • Foundation Premises of Service Dominant Logic
  • Fundamental principles in detail
  • Distinctive Characteristics of Service Operations
  • Customer Participation
  • Simultaneity
  • Perishability
  • Intangibility
  • Heterogeneity
  • Non-transferrable Ownership
  • Service Package
  • Supporting Facility
  • Facilitating Goods
  • Information and Data
  • Explicit Service
  • Implicit Services
  • Grouping Services by Delivery Process
  • Low Labour Intensity
  • High Labour Intensity
  • Low Interaction & Customization
  • High Interaction & Customization
  • Open System View of Service Operations Management
  • Roles in Service Sector Introduction
  • Ways of Identifying Service
  • Consequences of Rapid Growth of Services
  • How recession affects service
  • Human resources in the age of Service
  • Human resources in the age of Service continue
  • Outsourcing
  • Roles in Service Sector
  • The Trade Sector
  • The Tourism Sector
  • The Shipping Sector
  • The Port Services Sector
  • The Storage Services Sector
  • The Telecom Sector
  • The Real Estate Sector
  • The IT Sector
  • The Accounting Sector
  • The Research and Development Sector
  • The Legal Sector
  • The Consultancy Sector
  • The Construction Sector
  • Service Functions
  • IT Operation Management
  • Service Desk - Internal and External
  • Technical Management
  • Applications Management
  • Reporting
  • Functions of the Service Desk
  • Functions in the Service Sector an Interaction
  • Human Resources
  • HRD and HRM as functions of Human Resources
  • Competitive Advantage
  • Competencies, Culture, and Composition
  • Differences in HRD between manufacturing sector and service  sector
  • Human Resource Planning
  • Selection and Recruitment
  • Training and Development of Employees
  • Performance Management
  • Overall Welfare of Employees
  • Information Sharing
  • Survey Management
  • Compliance Management
  • HR Technology Management
  • Change Management
  • Processes in Service Sector Introduction
  • What is a Service Process
  • Characteristics of Service Processes
  • Steps of Managing a Service Process
  • Elements of a Service Delivery System
  • Types of Service Processes
  • Degree or Level of Contact
  • Differences between Service Industry Processes vs
  • Manufacturing/Product-based processes
  • Service Sector in India
  • The IT and Fintech Sector
  • The Travel and Tourism Sector
  • The Media and Entertainment Industry
  • The Logistics Industry
  • Upcoming Trends in the Service Sector
  • Career Path in the Service Sector
  • Classification of Services
  • The Service Sector in the Three-Part Economy
  • Employment Scenario
  • Service process
  • Line operations
  • Job Shop Operations
  • Degree of Contact
  • Service Offering cred fintech
  • Developing and Maintaining the Service Process 1
  • Developing and Maintaining the Service Process 2
  • Service Process
  • The 7 Step Process for Managing Service Processes
  • Delivering excellent service
  • Service Operation Functions
  • Service Process
  • Characteristics of service processes
  • Service Location
  • Customer Participation and Interaction
  • Steps for managing service processes
  • New and Upcoming Sectors: Processes in Service Sector  Introduction
  • Challenges in designing a process
  • Phases of service process
  • Improvement techniques for service industries
  • Cost of delay of service processes
  • What is Service Design by Yosef Shuman
  • Village Volvo
  • Xpresso Lube
  • Walmart
  • Air Deccan
  • OYO Hotels
  • Cloud Kitchens
  • Telecom industry
  • MyGate Application
  • New Age Applications
  • New Age Applications- 2
  • New Age Applications- 3

Work-Centric Approach

The academic approach of the course focuses on ‘work-centric’ education. With this hands-on approach, derive knowledge from and while working to make it more wholesome, delightful and useful. The ultimate objective is to empower learners to also engage in socially useful and productive work. It aims at bringing learners closer to their rewarding careers as well as to the development of the community.

  • Step 1: Learners are given an overview of the course and its connection to life and work
  • Step 2: Learners are exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
  • Step 3: Learners are acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
  • Step 4: Learners are acquainted with the architecture of the tool or tool map so as to appreciate various parts of the tool, their functions, utility and inter-relations.
  • Step 5: Learners are exposed to simple application development methodology by using the tool at the beginner’s level.
  • Step 6: Learners perform the differential skills related to the use of the tool to improve the given ready-made industry-standard outputs.
  • Step 7: Learners are engaged in appreciation of real-life case studies developed by the experts.
  • Step 8: Learners are encouraged to proceed from appreciation to imitation of the experts.
  • Step 9: After the imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
  • Step 10: Emulation is taken a level further from working with differential skills towards the visualization and creation of a complete output according to the requirements provided. (Long Assignments)
  • Step 11: Understanding the requirements, communicating one’s own thoughts and presenting are important skills required in facing an interview for securing a work order/job. For instilling these skills, learners are presented with various subject-specific technical as well as HR-oriented questions and encouraged to answer them.
  • Step 12: Finally, they develop the integral skills involving optimal methods and best practices to produce useful outputs right from scratch, publish them in their ePortfolio and thereby proceed from emulation to self-expression, from self-expression to self-confidence and from self-confidence to self-reliance and self-esteem!