| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 982828 | Procedia Economics and Finance | 2015 | 5 Pages |
The services sector is the largest sector of the world economy, and it is growing actively and rapidly. Even in the production sector, a substantial part of work has more to do with services than with production as such. Every year, the variety of services and ways of providing them to consumers is increasing. (Pashigoreva, 2012).The services sector is one of the main branches of social production, designed to be responsive to the needs and demands of the population. Modern operating conditions of the services sector are marked with a significant level of volatility, which means that the pace of market changes is significantly ahead of the rate at which the subjects of the services sector can provide a response to the changes that have taken place.It is essential for every organization to analyze the environment in which it has to operate, in order to be able to identify the favorable prospects and opportunities at hand and avoid any unwanted effects of negative external factors influencing the situation. Based on this analysis, the optimal strategy for the organization is selected. This is equally true for both the sphere of production and the services sector.
