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The IUP Journal of Management Research

April '10
Focus

In today's competitive environment, customer loyalty is an important strategic option. This can be achieved by providing better quality of service. It brings a competitive advantage to the firms.

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A Comparative Study of Service: Quality of D'Mart and Apna Bazaar
Influence of Service Quality on Attitudinal Loyalty in Private Retail Banking: An Empirical Study
Factors Affecting Consumer Buying Behavior of Shoes in Kolkata: A Case Study
A Demographic Study of Problems Faced by Indian Shipping Agents with Special Reference to Indore
Understanding the Awareness of Human Resource Practices in Nagpur SSIs: An Empirical Study
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A Comparative Study of Service: Quality of D'Mart and Apna Bazaar

-- Ranjith P V and Rajesh Nair

This study attempts to find out whether retail outlets like D'Mart and Apna Bazaar differ in terms of service quality. Existing research indicates that consumers are satisfied with the store's service quality. Service quality is perceived as a tool to increase value for the consumer; as a means of positioning in a competitive environment to ensure consumer satisfaction, retention and patronage. Despite its strategic importance, the Indian retailers do not have an appropriate instrument to measure service quality. This study examines the Retail Service Quality Scale (RSQS) developed in the US for applicability to the Indian retail market. The data collected from 140 adult shoppers in large supermarkets namely D'Mart and Apna Bazaar in Vashi and Nerul of Navi Mumbai indicates that RSQS can be used to assess overall service quality levels and for tracking overall improvements over a period of time. It is observed from the factor analysis that there are five factors which define service quality in the retail outlets: personal interaction, appearance, reliability, problem-solving and policy. The study also finds the reliability of all the factors and the mean service quality levels of D'Mart and Apna Bazaar. However, the different dimensions of service quality are not clearly identifiable. This limits the diagnostic application of RSQS.

Article Price : Rs.50

Influence of Service Quality on Attitudinal Loyalty in Private Retail Banking: An Empirical Study

-- S Arun Kumar, B Tamil Mani, S Mahalingam and M Vanjikovan

This paper examines the service quality dimensions of Indian private banks dealing with retail banking. Overall service quality level acts as an antecedent for customer satisfaction. The factors extracted give perceived service quality dimensions which correlate with overall attitudinal loyalty. Overall service quality further tested for any significant relationship with attitudinal loyalty, which is considered to be an important component of retaining valued customers. The data has been collected from 100 valued customers of two private retail banks of Tiruchirapalli. A questionnaire elicited information on socio-demographic variables along with SERVQUAL dimensions of service quality added with three extra contemporary validated variables and attitudinal loyalty variables. The results suggest that responsiveness and reliability of service quality dimensions determine customer satisfaction more than the assurance, empathy and tangible aspects (SERVQUAL score analyzed using Factor Analysis and Multiple Regressions). Overall perceived service quality fosters customer's attitudinal loyalty through latent customer satisfaction (Tested using Chi-Square Statistics and Correlation Analysis). Increase in service quality of the banks can satisfy and develop attitudinal loyalty which ultimately retains valued customers.

Article Price : Rs.50

Factors Affecting Consumer Buying Behavior of Shoes in Kolkata: A Case Study

-- Soumya Saha, Munmun Dey and Sumanta Bhattacharyya

This study attempts to analyze the factors influencing the purchase decision of shoes by the consumers in Kolkata. Individual buyers take different factors into consideration while purchasing any commodity, which is a necessity. The probable factors have been classified into four groupsproduct, price, place and promotion. Based on the ranks provided to the factors by the respondents, opinion scores have been calculated to evaluate the relative importance of the factors in purchase decision making. This study focuses on whether the importance assigned to the different factors vary across gender and income. Identification of the factors will help the shoe-making companies to tailor their marketing and manufacturing strategies to take advantage of these influences in a way that will satisfy both the consumers and marketers. The paper also helps the companies to clearly understand the consumer behavior, so that they can formulate effective strategies and help develop the company and the industry at large.

Article Price : Rs.50

A Demographic Study of Problems Faced by Indian Shipping Agents with Special Reference to Indore

-- Shefali Tiwari and Shuchi Khandelwal

With the advent of globalization, the World is blooming with magnificent opportunities of growth in business. Globalization has brought boom in all sectors of the economy, thus, bringing impact on international business also. International business has caused India to involve more in international market by creating powerful logistics support system. Logistics play a vital role in international business. The major focus of exporters is that the materials should be shipped on time and this task is performed by shipping agents like Customs House Agents (CHAs), freight forwarders, etc. Indore is a developing city where export turnover is very high. The city has more than 100 export industries which include Special Economic Zones (SEZs) and Export Oriented Units (EOUs). But, due to lack of infrastructure, the intermediaries, i.e., CHAs and freight forwarders confront many difficulties, and thus, they lag behind. This paper attempts to explore the root cause of the problems faced by various intermediaries/shipping agents and suggestions to improve it.

Article Price : Rs.50

Understanding the Awareness of Human Resource Practices in Nagpur SSIs: An Empirical Study

-- Rajiv B Khaire

Human Resources (HR) are the lifeline of an organization. No organization can accomplish its objectives without the presence of competent personnel. Human Resource Management (HRM) is the body of science that correlates the existence of able HR and the success of the organization. It is evident from different theories propounded by various social scientists regarding the impact of motivated employees on the profit margins of the organization. HRM as a body of knowledge has seen different changes over a period of time. HR profession had started its role as labor/welfare officer and is now viewed as a strategic role where the emphasis is on employee engagement. Developed and developing nations alike have depended largely on Small Scale Industries (SSIs). Traditionally, SSIs have played a major role in the GDP of any economy. They have lion's share also in the context of Indian exports. There are different advantages of having economy which is supported by entrepreneurs spread across the country. There is no denying the fact that large organizations are looked after by professionals from varied fields. Historically, it is said that SSIs are handled by non-professionals and are managed as family business. It is natural to think that these entrepreneurs are unaware of the developments that are taking place in management field, generally, and HRM, specifically. This study aims at dislodging these myths with the help of testing of hypotheses, but in no way concludes the HR practices being implemented in their organizations.

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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