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ITIL-4-Foundation Exam Dumps Service Management Concepts: This topic introduces key concepts of service, service management, and value. It includes the definition of the service, the concept of stakeholders, the product and the outcome, and the relationship between the product, service, and resource. Four aspects of service management: ITIL 4 introduces four aspects that must be considered when designing and managing services. These aspects are organization and people, information and technology, partners and suppliers, value flows and processes. ITIL Service Value System and#40;SVSet#41; : SVS represents a model of how all components and activities of an organization work together to facilitate value creation through IT services. It includes guiding principles, governance, service value chains and practices. ITIL Service Value Chain: This topic explores the six activities that make up the core of ITIL SVS. The activities are Plan, Improve, Interact, Design and Transition, Acquire/Build and Provide and Support. Each ITIL-4-Foundation Dumps activity contributes to creating value for the service. ITIL Guiding Principles: There are seven guiding principles in ITIL 4 that provide organizations with guidance for adopting and regulating service management. These principles include focusing on value, starting from where you are, progressing iteratively with feedback, collaborating, and fostering visibility, thinking, and working holistically. possible, keeping it simple and practical, while optimizing and automating.