service sector

Examples of service sector in the following topics:

• The Service Economy

  • This is primarily due to the increasing importance and share of the service sector in the economies of most developed and developing countries.
  • In fact, the growth of the service sector has long been considered as an indicator of a country's economic progress.
  • The service sector is going through revolutionary change, which dramatically affects the way in which we live and work.
  • As their economies continue to develop, the importance of the service sector continues to grow.
  • As a result of these changes, people are leaving the agricultural sector to find work in the service economy.

• Work and Technology

  • Examples of service sector jobs are jobs in the medical services sectors, teachers, lawyers, and sales representatives.
  • Examples of service sector jobs are jobs in the medical services sectors, teachers, lawyers, and sales representatives.
  • Automation is the use of control systems and information technologies to reduce the need for human work in the production of goods and services .
  • The service sector consists of the "soft" parts of the economy—activities where people offer their knowledge and time to improve productivity, performance, potential, and sustainability.
  • The basic characteristic of this sector is the production of services instead of end products.

• Service Economy Growth

  • Most of the U.S. economy is classified as services as of 2011 (agriculture 1.2%, industry 22.1%, services 76.7%).
  • The sector ranges from common "intangible" goods, such as health and education, to newer goods, such as modern communications and IT.
  • The growth of the service sector is, in part, a response to the change of traditional manufacturing industries into services.
  • However, still a number of typically shared characteristics distinguish services from goods-producing sectors.
  • Identify the characteristics of the service sector that have led to its growing prevalence

• The Prevalence of Small Businesses

  • In the United States, roughly 20% of SMBs are concentrated in the goods-producing sector.
  • The 80% of SMBs that reside in the service-providing sector is largely a reflection of the overall U.S. economy (services over goods), as well as the greater feasibility of service industries for small-scale entry.
  • The high concentration of SMBs in the service-providing sector also reflects a few realities of business.
  • Maintaining quality across hundreds of locations in the service-providing sector is also, as you might imagine, not an easy task.
  • Small businesses often begin in the services sector due to a number of factors.

• Disinvestment and Deindustrialization

  • Second, deindustrialization may be indicated by a shift from manufacturing to the service sector— economic sectors that focus on serving others rather than producing some physical object.
  • Service sector jobs are seen in government, telecommunication, healthcare, banking, education, legal services, tourism, real estate, or consulting.
  • This shift towards service sector employment would result a shrinking manufacturing sector.
  • Another explanation focuses on economic restructuring—institutional and governmental encouragement of the development of a more robust service sector, often at the expense of the manufacturing sector.
  • As the service sector has developed, more and more manufacturing plants have shifted their operations overseas in a process called offshoring.

• Providing Public Services

  • In modern developed nations, the term "public services" includes sectors, such as electricity, fire services, gas, law enforcement, military, environmental protection, public housing, public transportation, etc.
  • A public service is a service that is provided by government to people living within its jurisdiction, either directly or by financing private provision of services.
  • Even where public services are neither publicly provided nor publicly financed, for social and political reasons, they are usually subject to regulation that go beyond those public services which apply to most economic sectors.
  • In modern, developed nations, the term "public services" includes sectors, such as electricity, fire services, gas, law enforcement, military, environmental protection, public housing, public transportation, etc.
  • However, most public services are merit goods, which are services that may be under provided by the market.

• Trends in Labor-Management Relations

  • By 2011, fewer than 7% of employees in the private sector belonged to unions.
  • After 1960, public sector unions grew rapidly and secured good wages and high pensions.
  • As the manufacturing industries that have constituted the strength of the American Labor Movement declined, such as the steel and auto industries, the rise of the service sector began to see major growth.
  • White-collar jobs in the service sector, often filled by women workers, include:
  • As the industrial sector declined, attention has turned to organizing women in white-collar service jobs.

• Special topic: supply chain management

  • In the manufacturing sector, supply chain management addresses the movement of goods through the supply chain from the supplier to the manufacturer, to wholesalers or warehouse distribution centers, to retailers and finally to the consumer.
  • Supply chain concepts also apply to the service sector, where service firms must coordinate equipment, materials, and human resources to provide services to their customers in a timely manner.
  • For example, a retail store that sells electronic products may contract with an outside business to provide installation services to its customers.
  • Information and communication technologies such as global positioning systems (GPS), barcode technology, customer relationship management (CRM) databases, and the Internet allow service businesses to coordinate external and internal service suppliers to efficiently and effectively respond to customer demand.
  • Money also tends to flow "upstream" in the supply chain so goods and service providers can be paid.

• Social Innovation

  • Social innovation can take place within the government sector, the for-profit sector, the nonprofit sector (also known as the third sector), or in the spaces between them.
  • Research has focused on the types of platforms needed to facilitate such cross-sector collaborative social innovation.
  • The act of social innovation in a sector encompasses diverse disciplines within society.
  • Stephen Goldsmith, former Indianapolis mayor, engaged the private sector in providing many city services.

• Government and Nonprofit Accounting

  • There is an important difference between private sector accounting and governmental accounting.
  • In the government environment, public sector entities have differing goals, as opposed to the private sector entities' one main goal of gaining profit.
  • In the private sector, the budget is a tool in financial planning and it is not mandatory to comply with it.
  • These objectives bear, in many instances, no relation to net income results but are rather about service delivery and efficiency.
  • The taxpayer, a very significant group, simply wants to pay as little taxes as possible for the essential services for which money is being coerced by law.