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The IUP Journal of Brand Management  

March' 08
Focus

The marketers are always trying to decipher as to what attracts customers to a particular brand. After all, one of the core purposes of branding is to attract the prospective customers towards the product. So, why do some brands succeed more in this endeavor than the other brands?

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An Analytical Study of Customers' Preference and Satisfaction in Indian Domestic Aviation Sector
Conceptual Framework on Corporate Branding
Coca-Cola's Branding Strategies in India
Brand Simple: How the Best Brands Keep It Simple and Succeed
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An Analytical Study of Customers' Preference and Satisfaction in Indian Domestic Aviation Sector

--Neeraj Kaushik, V K Kaushik and Girish Taneja

Revolutionized by liberalization, the aviation sector in India has been marked by fast-paced changes in the past few years. By 2010, India's fleet strength will stand at 500-550, and the domestic market size will cross 60 million and international traffic 20 million. In these circumstances it has become imperative for domestic players to understand the customers' perception regarding their marketing mix components so that they may develop appropriate marketing strategies in the emerging competitive market. The present study is an attempt to ponder over customers' preference and satisfaction regarding various issues. Chi-square analysis revealed that the customers differ significantly on the basis of factors they consider for choosing airlines as well as the choices for purchasing the ticket. Multidimensional scaling is used for perceptual mapping of various components of marketing mix.

Article Price : Rs.50

Conceptual Framework on Corporate Branding

--M Prasanna Mohan Raj and Amit Choudhary

Corporate branding can be described as the process of creating, nurturing and sustaining a mutually rewarding relationship between a company and its internal and external stakeholders including managers and other employees of the company, customers, investors, suppliers, corporate partners, members of the local community, and special interests like activists. Corporate brand is a product of millions of experiences a company createswith employees, vendors, investors, reporters, communities, and customersand the emotional feelings these groups develop as a result. A strong corporate brand creates, manages, and fulfills high expectations among its many audiences. In corporate branding, all the products across the businesses will carry the corporate name. For instance, Sony might be considered the ultimate corporate endorser with its name firmly attached to everything from its DVD to the Play Station. Companies have recognized the power of corporate branding as a business strategy in India. This study explores the insights into Concepts of Corporate Branding, focusing on successful stories of corporate brands in Indian and global contexts. This study also evaluates the Actual Communicated Ideal and Desired (ACID) framework for developing corporate image for marketers.

Article Price : Rs.50

Coca-Cola's Branding Strategies in India

-- Kaushik Mukerjee

The Indian cola industry saw a major change in the early 1990s with the re-entry of Coca-Cola into the market. The MNCs had been eyeing the Indian market ever since the economy was liberalized and the fabled 200 million middle class customers proved to be a great attraction. However, in the early 1990s, the Indian cola market was dominated by Indian brands like Thums Up. When Coca-Cola entered the Indian market in 1993, the production of soft drink bottles were about 3000 million. By the turn of the new millennium, the production had doubled but Coca-Cola was still not seeing profits in India. Further, its aggressive pricing strategies have come under flak from various marketing pundits. The company adopted a number of innovative branding strategies for gaining penetration into the Indian market. Would these branding strategies enable Coca-Cola to achieve its objectives?

Article Price : Rs.50

Brand Simple: How the Best Brands Keep It Simple and Succeed

-- Author: Allen P Adamson Reviewed by Rashmi Shashikant Malapur

Branding is not just the prerogative of marketing people anymore. It is the responsibility of every functional area of a corporate organization. When everyone in the organization gets the idea on which the brand is based, they can genuinely "be the brand".

Article Price : Rs.50

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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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Brand Management