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The IUP Journal of Management Research

Jan'13
Focus

India’s pharmaceutical industry is growing at the rate of 14% per annum. It is one of the largest and most advanced industries in the developing countries, paving the way for multinational companies to enter the Indian markets.

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A Study of the Factors That Influence Customer Preference for Shopping Malls over Local Markets
An Analysis of the Competitive Marketing Strategies of the Hospitality Industry in UAE
Conceptualization and Measurement of Service Quality Dimensions in Business Markets: A Case of Indian IT Industry
Work-Life Balance Benefits: From the Perspective of Organizations and Employees
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A Study of the Factors That Influence Customer Preference for Shopping Malls over Local Markets

-- P Ammani

Shopping malls are the most happening places these days where people spend their weekends to relax and shop. With the changing tastes and preferences of customers, shopping malls extend a global impact across metros, cities and towns. In this scenario, it is necessary to understand the preferences of youth, and the factors that govern them to visit shopping malls. The study was conducted on Hyderabad youth and the analysis revealed that shopping malls with their modern culture and environment have become a convenient hangout for the youth.

Article Price : Rs.50

An Analysis of the Competitive Marketing Strategies of the Hospitality Industry in UAE

--Shohab Sikandar Desai

Companies of all sizes around the globe are in a constant struggle to build their competitive capabilities to strengthen their position and outperform their rivals. The present study examines the competitive marketing strategies used by a sample of hotels from the Emirates of Dubai and Sharjah who occupy different competitive positions in the hospitality industry as ‘market leaders’, ‘market challengers’, and ‘market followers’. The hospitality industry can serve as a useful example to throw some light on the success factors that might ensure superior performance of other related service organizations. Using a Chi-Square test, the study seeks to find out if there are differences in the sample characteristics and also whether the marketing strategies adopted by firms differ according to their competitive position.

Article Price : Rs.50

Conceptualization and Measurement of Service Quality Dimensions in Business Markets: A Case of Indian IT Industry

--P S Raychaudhuri and Rahela Farooqi

The benefits of Information Technology (IT) implementation are available to the business market customers, consistently maintained with responsive after-sales service. In order to examine the factors affecting service quality provided by small and medium service providers and the proposed determinants of service quality (after-sales service performance, service improvements, technical preparedness and behavioral skills) and the resultant customer satisfaction, a study was conducted among the IT users in business organizations in Delhi and National Capital Region (NCR). The objectives include identification of customer requirements and service attributes that signify internal processes and customer interactions. Their perceptions of satisfaction from actual experience/performance arise out of confirmation/disconfirmation gap among the service attributes. An exploratory study was done to formulate the service quality construct and its dimensions through factor analysis from these attribute items, where customer satisfaction surrogate ‘low total cost of ownership’ was used as a criterion variable. In the present study, service improvements and technical preparedness emerge as new dimensions, apart from the applicability of dual aspects of perceived service quality—technical and functional dimensions. At the managerial level, these four dimensions tell us how to plan, implement and improve the various constituent items and service attributes at internal business process and subprocess levels in the organization.

Article Price : Rs.50

Work-Life Balance Benefits: From the Perspective of Organizations and Employees

-- Niraj Kishore Chimote and Virendra N Srivastava

The purpose of this study is to find out the benefits of Work-Life Balance (WLB) from the perspective of organizations and employees. A survey was conducted on 100 call center employees in Gurgaon. A multiple regression analysis was conducted. While the organization perceives that effective WLB policies reduce absenteeism, the employees perceive that effective WLB policies result in job satisfaction and autonomy. The one sample t-test was conducted to find the significance of the benefit variables. The organizational perspective revealed that reducing absenteeism and turnover, improving productivity and image, and ensuring loyalty and retention are the benefits of WLB, whereas the employees’ perspective highlighted that job satisfaction, job security, autonomy, stress reduction and improving health are the benefits of WLB. However, correlation analysis indicated that both the perspectives are poorly correlated.

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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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