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Marketing Mastermind
September' 03
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Evolving Retail Formats
Marketing of Services : Issues and Challenges
CRM Initiatives in Indian Retailing
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Are You Tough Enough to Manage Your Channels?
--CHRISTINE B BUCKLIN, STEPHEN P DEFALCO,
JOHN R DEVINCENTIS, AND JOHN P LEVIS III

Often, emerging market opportunities are hard to spot. Even if a business is able to identify these opportunities, the transition to a new system is not smooth because many companies take a narrow and superficial look at channel performance and fail to evaluate the alternatives objectively. But, the winners refuse to accept conventional wisdom or act on unsubstantiated biases; they invest their time and energy in evaluating options thoroughly.

A Design for Life --Nick Verebelyi

Design and packaging were hitherto considered to be the exclusive domains of the consumer products industry. But even in the pharmaceuticals industry, well-designed packaging and drug delivery systems can offer a lot more benefits than what meets the eye.

Why Direct Marketing is a Better Brand-Building Tool than Conventional Brand Image Advertising--Bill Fryer

While a whole industry has grown around the need to build and promote brands, the author argues that brand image is no substitute for brand reality.

Successful Commercialization through Product Marketing
--Wendy Davidoff And Ken Robertson

Your technology company might have a great product but it cannot be called successful unless you are able to maximize revenues and profitability. This can be achieved if product planning, pricing and service strategies are driven by a careful understanding of customer needs.

Evolving Retail Formats -- K Suresh

The transition from the friendly neighborhood kirana stores to supermarket chains, specialty stores, hypermarkets and discount stores promises to change the face of Indian retail industry. Which retail formats are likely to attract customers and maximize revenues? The author tries to answer the question.

Article Price : Rs.50

What's in a Name? --HELEN JONES

When it comes to creating an online brand, established banks have an edge over their Net-only rivals. Helen Jones looks at the US and European experience.

Services Marketing

Marketing of Services : Issues and Challenges -- Naveen Das

The conventional 4P framework seems to be less effective when it comes to marketing of services. What are these unique characteristics, which make it imperative for services marketers to adopt a different approach to marketing?

Article Price : Rs.50

Understanding Customer Lifetime Values

In this section, we will provide our readers with in-depth explanations of emerging marketing concepts. The focus of this issue's column is Customer Lifetime Value.

CRM Initiatives in Indian Retailing
-- N Balasubramanian and S Armstrong Jeyakumar

With increased competition, came the realization that customer is the most important asset for a business. This realization has driven many Indian retailers to embark on various Customer Relationship Management initiatives. The authors take a look at some of these initiatives.

Article Price : Rs.50

Case Study

The Indian Petroleum Industry: Towards Branded Fuels

Global Executive Summaries

  • Profiting From the Customer Experience Economy
  • Marketing ROI--New, Rigorous Approaches to Quantifying Measuring
  • Climbing Up the Valve Ladder
  • Marketing: Are You Really a Realist?
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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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