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You have now explored the high-level structure of ITIL 4: the Service Value System. You understand its purpose is to turn opportunity and demand into value, and you can identify its core components: Guiding Principles, Governance, the Service Value Chain, Practices, and Continual Improvement.
Scenario: Your team is asked to create a new reporting service for the sales department. You recognize this as demand. You use the Guiding Principles to guide your approach. You follow a value stream through the Service Value Chain activities (Engage, Design & Transition, Obtain/Build, Deliver & Support) to create the service, considering all Four Dimensions along the way.
Reflection Question: How does viewing your work through the lens of the Service Value System and its components help you move from being a task-doer to a value co-creator?
Storytelling Checksum: You've seen the blueprint of the value factory. You understand the overall system (SVS), the guiding philosophy (Principles), the holistic considerations (Dimensions), and the core assembly line (SVC). Now you're ready to look at the specific tools used on that assembly line.