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Management
E-Business
November'07
 
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RFID Technology : The Promise and the Pitfalls
Broadband Revolution : Impact and Issues
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"I see Infosys as an agent of change."

-- Nandan M Nilekani

In the interview, Nandan M Nilekani, Co-Chairman of Infosys, discusses his new role in the company; his plans to take Infosys to the next level; the sustainaibility of IT boom in India, measures to make India's manpower more competent and the factors that led to the success of Infosys.

The Comeback of CRM

-- Andrew Hottell, John Phee , Peter Steljjng and Abhi Rele

Customer Relationship Management's (CRM) fine reputation has fallen considerably from when it seemed the magic solution to all customer relationship problems. Like any tool, however, the value of CRM depends on how you use it. Strategic intent is key. You first have to rethink your overall customer strategy and pinpoint the value CRM can generate in the context of your unique positioning with customers and against competitors. With the right CRM strategy in place, CRM initiatives will not only differentiate your company from competitors but may also allow you to capture long-term competitive advantage.

The Customer Decision Engine : The Next Evolution of Campaign Management

The Customer Decision Engine (CDE) is a framework that integrates both front and back office systems in order to coordinate targeted customer communications across sales, service, marketing, field service, logistics and other customer-facing departments within an organization. The article examines the business trends that are driving the need for CDE, its technology components and how by implementing various CDE capabilities, organizations can become customer-centric.

Attaining Cutting-Edge CRM from Existing Systems

-- Vincent Dell'Anno

Focusing on individualized customer service can be achieved by adapting new Customer Relationship Management (CRM) technology to existing tools, opening channels for increased profit and providing better-managed customer interactions.The article explains how to get more value from CRM by developing and deploying rules and analytical models and layering adaptive capabilities onto existing CRM systems.

RFID Technology : The Promise and the Pitfalls

-- Pankaj M Madhani

Radio Frequency Identification (RFID) is evolving as a major technology-enabler with many promising real-life business applications. It can capture data easier and quicker than bar codes; it does not depend on the position of the label; and objects need not be in the line of sight to be scanned. RFID potentially promises to revolutionize the entire supply chain, by improving its efficiencies and overall business intelligence, thereby reducing the cost.

Article Price : Rs.50

Broadband Revolution : Impact and Issues

-- Subhasis Ray

The Internet access technology is witnessing rapid changes over the years. Presently, the emphasis is laid on the availability of high-speed, secure, and economically-viable access. Technology has shifted from dial-up to broadband access over wired or wireless or hybrid connectivity. This article examines the technological growth in broadband arena, its usage in knowledge economy, security and policy-related issues. It also recommends a set of best practices to overcome these issues.

Article Price : Rs.50

Redefining Customer Value

-- Editor: Kaushik Mukerjee Reviewed by G P Mrudhula

Offering optimum value to the customers is an area which every senior marketing executive is focusing upon. This focus has changed the way in which businesses operate. Redefining customer value is one of the aspects to revive the business and the market position. Customer value can be redefined to obtain better results; it helps to identify how repositioning the performance would build up a competitive edge over other companies.

Dell's Supply Chain Management Practices

-- Vivek Gupta and Indu P

US-based Dell Inc., one of the leading PC manufacturers in the world, pioneered a unique model of selling PCs directly to the consumers, bypassing the resellers. The model is popularly known as the Direct Model. The case describes this model in detail and explains how it enabled Dell to manage its supply chain efficiently. In the third quarter of 2006, Dell's major competitor HP had overtaken the company in terms of market share to become the top PC manufacturer in the world. The case examines how Dell planned to consolidate its supply chain and manufacturing activities globally, and venture into retail business in order to regain its leadership status.

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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