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The IUP Journal of Marketing Management


November' 03

Focus Areas
  • Marketing Strategy
  • Marketing Research and Techniques
  • Brand Management

     

  • Advertising
  • Consumer Behavior
  • Emerging and Interdisciplinary Issues
Articles
   
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Compensatory Consumption: Why Women Go Shopping When They're Fed Up
The Influence of Celebrity Endorsement on Indian Youth: An Empirical Study
Customer Ownership Not Just Customer Relationship
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Compensatory Consumption: Why Women Go Shopping When They're Fed Up

- -J Mahesh Kumar

This article explores the role and experience of compensatory consumption in women's lives and conducts the research from a feminist perspective and asks, "What are women's lived experiences of compensatory consumption?" This is an under-researched area and yet there are numerous links with other more widely researched areas of consumer research, such as addictive consumption, self-gift and compensatory eating behavior. Compensatory behavior and consumption is a difficult area to research, however, and therefore reviews the subject in the light of existing literature, so that a research framework may be advanced to enable a greater understanding of the concept. It presents an overview of this research, together with preliminary findings based on phenomenological interviews. The article clearly demonstrates the significance of this area of study within consumer research and proposes an agenda for further research.

Article Price : Rs.50

The Influence of Celebrity Endorsement on Indian Youth: An Empirical Study

--Devashish Das Gupta

Celebrity endorsement has been perceived by advertisers as an effective method of promotion for a long time. Several studies show that advertisements showing celebrities endorsing a specific brand get more attention and recall than non-celebrity ads. The choice of a particular celebrity for a brand is one aspect that is critical to the success of any campaign. Several models have been put forward examining the various criteria involved. The present study is an attempt to evaluate five Indian celebrities on five dimensions of trustworthiness, career performance, role model status, compelling power and attractiveness and to use the findings to analyze the effectiveness of the ads they feature in (selected on the basis of respondent ad recall).

Article Price : Rs.50

Customer Ownership Not Just Customer Relationship

- -Manjeesh Kumar Singh, Jagrook Dawra, Sanjay Fuloria

"Success is not an end in itself, but means to aim higher." The last decade of the last century changed the way business operated in India. Globalization and liberalization brought in the much-dreaded competition from all quarters. The Indian companies began to realize the importance of seamless flow of information in fast changing market conditions. No longer do they have the luxury of protectionism. As they become a part of the increasingly global economy, information/knowledge of their businesses becomes a key to survival. In this scenario of chaos, technological advances come to the aid of entrepreneurs. CRM is one such innovation that found many takers, and became the talk of the town though it was present in the business in one form or the other. But it is much broader than the age-old principle that the customer is right. Instead, CRM identifies how to profitably act on that premise, at all times, across all channels and functions. This paper attempts to redefine CRM. The authors feel that the present system of outsourcing CRM to specialist ITES companies like the call center is not always the right thing to do. While it does lead to better customer handling and customer management, it actually does not build up relationships strong enough to retain the customer. Call-center method of CRM is too mechanistic, and lacks a personal touch. It is reactive and not proactive in its approach.

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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