Essay on service industry

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Examples are Honor and Trusted, managed marketplaces for elder care and childcare, respectively, which employ caregivers as W-2 employees and provide them with training and tools. In the real estate world, Redfin agents are employees whose compensation is tied to customer satisfaction, unlike most real estate agents who are independent contractors working on commission. With improvements in real-time video, richer telepresence technologies, and better visualization technologies, more synchronous services are also shifting from being delivered in-person to online.

Outschool and Lambda School are examples of de-localizing instruction, enabling teachers and students to participate remotely while preserving real-time interaction. Another approach is to help suppliers navigate the certification process. A16z portfolio company Wonderschool makes it easier for individuals to get licensed and operate in-home daycares.

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Fuzzy, an in-home veterinary service, uses AI and vet technicians to augment the productivity of licensed veterinarians; and a16z portfolio company Atrium builds automation and workflow management to provide efficiency gains in the legal industry. Another example is Basis, a managed marketplace for guided conversations with trained but unlicensed specialists to help people with anxiety, depression and other mild to moderate mental health issues.

In the pet space, Good Dog is a marketplace that brings together responsible pet breeders and consumers looking for a dog. These include MDAcne, which uses computer vision to diagnose and treat acne; and Ike Robotics and other autonomous trucking startups which remove the need for a licensed truck driver. Opportunities for companies addressing regulated services The last twenty years saw the explosion of a number of services coming online, from transportation to food delivery to home services, as well as an evolution of marketplace models from listings to full-stack, managed marketplaces.

The companies mentioned in this essay just scratch the surface of regulated industries.

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You can imagine a marketplace for every service that is regulated, with unique features and attributes designed to optimize for the customer and provider needs for that industry. A full list of regulated professions in the US can be found here.

We fully expect more Airbnb- and rideshare-sized outcomes in the service economy. I write a high-quality, weekly newsletter covering what's happening in Silicon Valley, focused on startups, marketing, and mobile. Registration as an investment adviser does not imply any special skill or training. The posts are not directed to any investors or potential investors, and do not constitute an offer to sell -- or a solicitation of an offer to buy -- any securities, and may not be used or relied upon in evaluating the merits of any investment.

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The content speaks only as of the date indicated. Under no circumstances should any posts or other information provided on this website -- or on associated content distribution outlets -- be construed as an offer soliciting the purchase or sale of any security or interest in any pooled investment vehicle sponsored, discussed, or mentioned by a16z personnel. Nor should it be construed as an offer to provide investment advisory services; an offer to invest in an a16z-managed pooled investment vehicle will be made separately and only by means of the confidential offering documents of the specific pooled investment vehicles -- which should be read in their entirety, and only to those who, among other requirements, meet certain qualifications under federal securities laws.

Such investors, defined as accredited investors and qualified purchasers, are generally deemed capable of evaluating the merits and risks of prospective investments and financial matters. Any investment in a vehicle managed by a16z involves a high degree of risk including the risk that the entire amount invested is lost. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

Excluded from this list are investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets. Many places in developing countries do not experience new technology, but business can be successful with attention to the problem as well as innovation.

Since FedEx is a service industry, it is involved in the production of efficient and reliable services to its clients.

Existing Industries. Problems and Prospects

Productivity of FedEx is measured according to the quantity of packages that are delivered during the business days, as well as the amount of revenue that the business generates annually. It has been found that FedEx delivers about 3. FedEx has attracted a great deal of clients into its services which are very reliable.


The whole world has benefitted from the services that are provided by this particular courier company. It is evident that technology is inevitable for the productivity of various sectors including service industries Patel, In most cases, the use of sophisticated technology is a guarantee to efficient and reliable production.

Sample Essay Examples

For instance, the RFID technology enables companies to track their products while they are being shipped, and this ensures that they arrive safely at their intended destinations Patel, Productivity of a service providing industry, especially the courier industry is measured by the size of packages during any given business day. Therefore, attracting and retaining a large number of clients is directly proportional to the productivity of an organization. Essays search. Email: Password: Password reminder. In this way, the flowers can be kept fresh for a longer span of time.

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Flowers are perishable products with a limited life span. Even if they are treated with life enhancing solution, their life is limited. If they are not sold in time they loose appeal and have to be dumped, resulting in economic loss. Another possible threat is the attack of certain diseases on the flower fields. Though pesticides are sprayed regularly, yet there is always a chance of their attack. A distant threat could be the lack of demand either due to excessive supply or change in fashion.

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