Services model
Imagine you have a group of friends who need different things to be happy. One friend wants pizza, another wants a toy, and someone else wants to play a game. You can't give them all the things they want yourself, so you decide to hire some people to help you.
The people you hire are called "services." There's a pizza delivery service that will bring the pizza to your doorstep. There's a toy store where you can buy the toy your friend wants. And there's a game center where you can play fun games with your friends.
In the same way, a services model is when a company provides different services to meet the needs of different customers. Instead of trying to do everything themselves, they partner with other companies (or provide the services themselves) to offer a wide range of services to their customers.
For example, a technology company might provide software development services, cloud hosting services, and IT consulting services to their customers. This allows their customers to get all the technology help they need from one company, instead of having to go to different companies for different services.
Overall, a services model is all about meeting the different needs of different customers by partnering with other companies or providing a variety of services themselves.
The people you hire are called "services." There's a pizza delivery service that will bring the pizza to your doorstep. There's a toy store where you can buy the toy your friend wants. And there's a game center where you can play fun games with your friends.
In the same way, a services model is when a company provides different services to meet the needs of different customers. Instead of trying to do everything themselves, they partner with other companies (or provide the services themselves) to offer a wide range of services to their customers.
For example, a technology company might provide software development services, cloud hosting services, and IT consulting services to their customers. This allows their customers to get all the technology help they need from one company, instead of having to go to different companies for different services.
Overall, a services model is all about meeting the different needs of different customers by partnering with other companies or providing a variety of services themselves.