Business services - Business Services

Business Services, computer business services, small business services, internet business services, business services consulting, professional business services

The Knowledge Intensive Business Services commonly known as KIBS are services and business operation greatly reliant on professional knowledge. They are mainly concerned with providing knowledge-intensive support for the business processes of other organizations. As a result, their employment structures are heavily weighted towards scientists, engineers, and other experts.
It is commonly to differentiate between T-KIBS with far above the ground use of scientific and technological knowledge R&D services engineering services, computer services and who are more traditional professional services, legal, accountancy and many management consultancy and marketing services.
These services either supply products which are primary sources of information and knowledge and use their specialist knowledge to produce services which facilitate their clients own activities. Therefore KIBS usually have other businesses as their main clients, though the public sector and sometimes voluntary organizations can be important customers, and to some extent households will feature as consumers for instance, legal and accountancy services.
In the earliest discussion of KIBS to use the term have been in a 1998 report to the European Commission Knowledge-Intensive Business Services Users, Carriers and Sources of Innovation. In the decade since this appeared these sectors of the economy have continued to outperform most other sectors and have accordingly attracted a good deal of research and policy attention.
They are mostly interested in European countries like Finland. Care should be taken in reading literature on the topic, since a number of related terms are in wide use. The European Union has recently been referring to a much broader concept of knowledge-intensive services recently extending well beyond the business services and to business-related services including many services which have large markets among final consumers.The quality of the service delivered as well as the clients ultimate satisfaction with the knowledge based service solution extract from a report found in Harvard Business Online tells us a common characteristic of knowledge-intensive business service (KIBS) firms is that clients routinely play a critical role in co-producing the service solution along with the service provider.