{"id":26119,"date":"2014-10-31T00:00:00","date_gmt":"2014-10-31T00:00:00","guid":{"rendered":"https:\/\/buildingreports.flywheelsites.com\/blog\/2014\/10\/31\/growing-your-service-company\/"},"modified":"2014-10-31T00:00:00","modified_gmt":"2014-10-31T00:00:00","slug":"growing-your-service-company","status":"publish","type":"blog_post","link":"https:\/\/www2.buildingreports.com\/blog\/2014\/10\/31\/growing-your-service-company\/","title":{"rendered":"Selecting a Service Provider"},"content":{"rendered":"<p>\n<span style=\"background-color: initial;\">According to a recent study conducted by PricewaterhouseCoopers (<em>The ever-changing global service provider industry: Key findings for 2010<\/em>), b<\/span><span style=\"background-color: initial;\">usinesses ranked the following strategic differentiators as their top ten considerations when selecting a service company:<\/span>\n<\/p>\n<ol>\n<li><span style=\"background-color: initial;\"><\/span><span style=\"background-color: initial;\">Skills &amp; training of workforce<\/span><\/li>\n<li><span style=\"background-color: initial;\"><\/span><span style=\"background-color: initial;\">Depth of industry knowledge<\/span><\/li>\n<li><span style=\"background-color: initial;\"><\/span><span style=\"background-color: initial;\">Quality of customer service<\/span><\/li>\n<li><span style=\"background-color: initial;\"><\/span><span style=\"background-color: initial;\">Depth of process knowledge<\/span><\/li>\n<li><span style=\"background-color: initial;\"><\/span><span style=\"background-color: initial;\">Low cost of service delivery<\/span><\/li>\n<li><span style=\"background-color: initial;\"><\/span><span style=\"background-color: initial;\">Recommendations by other companies<\/span><\/li>\n<li><span style=\"background-color: initial;\"><\/span><span style=\"background-color: initial;\">Customization of service delivery<\/span><\/li>\n<li><span style=\"background-color: initial;\"><\/span><span style=\"background-color: initial;\">Market reputation<\/span><\/li>\n<li><span style=\"background-color: initial;\"><\/span><span style=\"background-color: initial;\">Track record of management team<\/span><\/li>\n<li><span style=\"background-color: initial;\"><\/span><span style=\"background-color: initial;\">Time to complete project<\/span><\/li>\n<\/ol>\n<hr id=\"horizontalrule\"\/>\n<p>\n             While this list may seem like a &#8220;no-brainer,&#8221; achieving these at a high level is easier said than done in a competitive environment. But, while the data is valuable and should be taken to heart, this also only gives us superficial insight in what it takes to succeed in the services market. After a little more digging I came across the <span style=\"background-color: initial;\"><em>Facilities Industry Trends-Survey Results <\/em>conducted and published by the FMLink Group, and online magazine for Facility Managers.<\/span>\n<\/p>\n<p>\n             The study uncovered several interesting trends among facility managers and leadership:\n<\/p>\n<ul>\n<li><span style=\"background-color: initial;\"><strong>Top Priority:<\/strong>  Dealing with aging buildings and\/or <\/span><u style=\"background-color: initial;\">building equipment<\/u><span style=\"background-color: initial;\">.<\/span><\/li>\n<li><span style=\"background-color: initial;\"><strong>Largest Increases in Responsibility:<\/strong> disaster planning and recovery, the <\/span><u style=\"background-color: initial;\">management of additional facilities<\/u><span style=\"background-color: initial;\">, and the <\/span><u style=\"background-color: initial;\">addition of computer-aided facilities management <\/u><u style=\"background-color: initial;\">technology<\/u><span style=\"background-color: initial;\">.<\/span><\/li>\n<li><span style=\"background-color: initial;\"><strong>Largest Challenges:<\/strong><\/span>\n<ol>\n<li><span style=\"background-color: initial;\">Balancing the facilities budget (43%)<\/span><\/li>\n<li><span style=\"background-color: initial;\">Deferred funding \/ maintenance backlog (32%)<\/span><\/li>\n<li><span style=\"background-color: initial;\">Meeting customer \/ tenant expectations (30%)<\/span><\/li>\n<li><span style=\"background-color: initial;\">Lack of time to complete work (28%)<\/span><\/li>\n<li><span style=\"background-color: initial;\">Understaffed (24%)<\/span><\/li>\n<li><span style=\"background-color: initial;\">Upper management&#8217;s lack of understanding of the role of FM (22%)<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ul>\n<p>\n             So what are the implications for your organization and how do you turn your prospective customers&#8217; challenges into opportunities for your organization?<span style=\"background-color: initial;\"><\/span>\n<\/p>\n<ol>\n<li><span style=\"background-color: initial;\"><strong>Aging Equipment &amp; Buildings:<\/strong> Frequent inspections reduce risk &#8211; and liability &#8211; from old, failing or expired fire and life safety equipment.<\/span><\/li>\n<li><span style=\"background-color: initial;\"><strong>Meeting Expectations &amp; Raising the Bar:  <\/strong>Service companies with highly trained staff and technical competency are uniquely positioned to succeed.<\/span><\/li>\n<li><strong>Adding\/Demonstrating Value Through Technology:  <\/strong>Facility managers that provide valuable business insight and leverage easy-to-use-and-access technology to add value will improve organization\u2019s understanding of role and importance.<\/li>\n<li><strong>Strains on Facility Management Time, Resources &amp; Budgets:<\/strong> There is a greater need for outsourcing key functions that don&#8217;t warrant full-time staff, and the adoption of technology and the services model can:\n<ul>\n<li>Increase cost efficiencies and s<span style=\"background-color: initial;\">treamline processes<\/span><\/li>\n<li>Reduce strain on facility budget and resources<\/li>\n<li>Provide quantifiable results and accountability through online reporting (or allow for the identification of areas of improvement)<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<ul>\n<li><a href=\"http:\/\/humanresources.about.com\/od\/recruiting\/tp\/recruiting_employee.htm\" target=\"_blank\" rel=\"noopener\">Top 10 Tips for Hiring the Right Employee<\/a><\/li>\n<li> <a href=\"http:\/\/www.inc.com\/magazine\/20100901\/how-to-deliver-great-customer-service.html\" target=\"_blank\" rel=\"noopener\">How to Deliver Great Customer Service<\/a><\/li>\n<li><a href=\"http:\/\/www.entrepreneur.com\/article\/80954\" target=\"_blank\" rel=\"noopener\">The Basics of Selling Services<\/a><br \/>\n<span style=\"background-color: initial;\"><\/span><\/li>\n<li><a href=\"http:\/\/www.accenture.com\/us-en\/outlook\/Pages\/outlook-journal-2012-make-company-think-like-customer.aspx\" target=\"_blank\" rel=\"noopener\">How to Make Your Company Think Like a Customer<\/a><\/li>\n<li>\n<p>\n<a href=\"http:\/\/www.forbes.com\/sites\/victorlipman\/2013\/01\/29\/why-development-planning-is-important-neglected-and-can-cost-you-young-talent\/\" target=\"_blank\" rel=\"noopener\">Why Employee Development Is Important, Neglected And Can Cost You Talent<\/a>\n<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>According to a recent study conducted by PricewaterhouseCoopers (The ever-changing global service provider industry: Key findings for 2010), businesses ranked the following strategic differentiators as their top ten considerations when selecting a service company: Skills &amp; training of workforce Depth of industry knowledge Quality of customer service Depth of process knowledge Low cost of service [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[16],"tags":[84,60,85,81,76],"class_list":["post-26119","blog_post","type-blog_post","status-publish","format-standard","hentry","category-building-inspections","tag-business-strategy","tag-customer-service","tag-marketing","tag-resources","tag-training"],"_links":{"self":[{"href":"https:\/\/www2.buildingreports.com\/wp-json\/wp\/v2\/blog_post\/26119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.buildingreports.com\/wp-json\/wp\/v2\/blog_post"}],"about":[{"href":"https:\/\/www2.buildingreports.com\/wp-json\/wp\/v2\/types\/blog_post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.buildingreports.com\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.buildingreports.com\/wp-json\/wp\/v2\/comments?post=26119"}],"version-history":[{"count":0,"href":"https:\/\/www2.buildingreports.com\/wp-json\/wp\/v2\/blog_post\/26119\/revisions"}],"wp:attachment":[{"href":"https:\/\/www2.buildingreports.com\/wp-json\/wp\/v2\/media?parent=26119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.buildingreports.com\/wp-json\/wp\/v2\/categories?post=26119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.buildingreports.com\/wp-json\/wp\/v2\/tags?post=26119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}