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The IUP Journal of Marketing Management

November'11
Focus

Financial services could enable the poor to leverage their initiative, enhancing the process of building income, assets and economic security which is necessary for inclusive economic growth.

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Relationship Marketing and Indian Shoppers
Customer Expectation Management in Convenience Stores Format in Organized Retail in India
Can a Non-Salient Brand Perform Equal to a Salient Brand in Brand Placement Effectiveness?
Consumer Attitude Towards Green Marketing in India
Integrating Quality into Equilibre Health and Sports Center:
A Case Study from Mauritius: Case Study
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Relationship Marketing and Indian Shoppers

-- Surjit Kumar Kar and Swayamprava Nanda

Customer satisfaction and loyalty depend on the relationship marketing strategies of the marketer. This paper segregates the factors that affect Relationship Marketing (RM) across three stages: relationship building (expectation perspectives); relationship intensifying (exchange or transaction perspectives); and relationship solidifying (perception perspectives). Customers’ value for pre-purchase information, in-purchase service and post-purchase care are taken as antecedents to this. A Focus Group Discussion (FGD) using mall intercept method, done in one of the cities of Orissa, helped in identifying 40 factors. Under exploratory research design, factor analyses and testing of various hypotheses were done on shoppers’ beliefs. Three sets of factors were grouped under three stages of RM as stated above. A few important factors noticed in the context of RM in retail are basics, service augmentation, service differentiation, alert staff, error avoidance, freebies, convenience, sensory appeal, proximity, delightment, superior layout, price, core/tangible benefits and visual appeal. This paper explains relationship tenets based on basic transaction stages. The progressive effects of the stages are neither theoretically examined nor empirically established. The study aims at broadening the management implications for a conceptual framework in the context of RM in the organized retail business.

Article Price : Rs.50

Customer Expectation Management in Convenience Stores Format in Organized Retail in India

-- Vijay R Kulkarni

In today’s competitive environment only the best survives. To survive and grow, the retailers need to strategize their operations to ensure customer delight, repeat purchases and increase in profitability. The key to achieve this objective is to give exemplary shopping experience and convert the customer from browser to a spender and to a big spender. It is an integrated approach wherein all the components of retail mix work in unison and deliver the ultimate experience to the customers. Customer Expectation Management (CEM) is a program to enable large and complex organizations to deliver a financially optimal customer experience, resulting in increased customer loyalty and hence superior growth and financial performance (Enzminger, 2005). This study focuses on the role of various factors (availability of various products, quality of the products, stores atmospherics, pricing, working hours, behavior of employees, etc.) to deliver superior customer experience and isolates the factors which the customers consider as important while shopping in a retail chain grocery store.

Article Price : Rs.50

Can a Non-Salient Brand Perform Equal to a Salient Brand in Brand Placement Effectiveness?

-- K Ravi

The marketers worldwide will be keen to know the answer to the following question: In a country where superstar worship is in abundance and superstar endorsement of products in movies is expensive, are the superstars really delivering better than an actor in brand placement? This paper investigates whether there is any difference between the impact produced by a superstar and an actor on brand placement with respect to unaided and aided brand name recall and attitude of a salient and non-salient brand. In this study of experimental design, the stimuli are pre-identified movie clippings representing two brand placements, one with a superstar and the other with an actor. Questionnaire is used as a tool for data collection. This study finds that there is no difference between a superstar and an actor with respect to brand placement effectiveness. This paper also finds that even an actor associated with a non-salient or unknown brand may be as effective as a superstar associated with a salient brand. There seems to be more to brand placement than just superstar association and brand salience. This paper opens up areas for further research to examine the theoretical links, including the effect of elaboration theory, dual mode and brand identity theories which may throw light on what leads to brand placement effectiveness.

Article Price : Rs.50

Consumer Attitude Towards Green Marketing in India

-- Sourabh Bhattacharya

Maintaining ecological balance is a major issue confronting the corporate world today. The damage done to the environment has already crossed the threshold and reached alarming limits. Non-replenishable natural resources are getting depleted at a rapid pace. Generation of waste, including biodegradable pollutants, is increasing enormously. All these negative developments have forced mankind to think more seriously about conserving the environment. Green marketing is one such initiative towards environment protection, which is gaining popularity. Many people believe that green marketing refers solely to the promotion or advertising of products with environment-friendly characteristics. Various terms such as recyclable, refillable, ozone-friendly are related to green marketing, however, green marketing is a much broader concept and it can be applied even to the services. Thus, green marketing incorporates a broad range of activities which include but are not limited to product modification, changes to the production process, packaging changes, etc. Different groups of consumers have different levels of environmental concerns and thus different attitudes towards green marketing. The objective of the present study is to identify the factors representing consumers’ attitude towards green marketing in India. The paper also focuses on the review of prior research works done in the area of green marketing and identifies attitudinal dimensions relevant to the Indian context.

Article Price : Rs.50

Integrating Quality into Equilibre Health and Sports Center: A Case Study from Mauritius

-- H Kassean and O Bissoon

This paper discusses the central role of service quality in the context of health and fitness sector. This is achieved through an analysis and examination of the service encounters, drivers of satisfaction and dissatisfaction at Equilibre Health and Sports Center. Equilibre has forged a good reputation over the years through its personalized and tailor-made programs suitable to each member’s individual needs. The program established takes into consideration the health condition of the member, the evolution of his/her state and their lifestyle and recommendations of the medical practitioner. Applications of SERVQUAL model are discussed and the service at Equilibre is illustrated using a service blueprint. Further research involving quantitative data would be useful to establish the level of satisfaction of the members and measurement of actual benefit derived from such programs and activities in the process of adding value to sports and health centers in general and developing them further.

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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