The ITIL SVS describe how both the component and the activities on which an organization works to enable Value creation. These coupled with the organization’s resources can be configured and reconfigured in several flexible ways but it requires the incorporation and coordination of the activities, practices, teams, authorities, customers, stakeholders etc.; to be truly effective. This is to provide a strong value-focused direction for the organization. The main input to the SVS is opportunity and demand. Opportunities are represented by possible ways to add value for stakeholders or ways to improve the organization. Demand is the need or desire for a particular product s service which could be amongst internal or external consumers. The main outcome of SVS is value and its purpose is to ensure that the organization continually co-create with all stakeholders through the use and management of products and services. The core components of the ITIL SVS are: – ITIL Service Value Chain – ITIL Practices – ITIL guiding principles – Governance – Continual improvement.