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The IUP Journal of Marketing Management

Aug'14
Focus

Urban Indian markets have saturated, so for further growth rural India is being tapped by industries like FMCG, consumer durables, automotive, and so on. In the first paper, “Modeling the Barriers to Rural Marketing Using the Interpretive Structural Modeling Approach”,

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Modeling the Barriers to Rural Marketing Using the Interpretive Structural Modeling Approach
The Influence of Country-of-Origin Labeling for Lentils on Consumer Preference: A Study with Reference to Sri Lanka
Consumer Perception Scale in Store Environment (CPS-SE) for Measuring Consumer Buying Behavior
Segmentation of Users of Cellular Phone Services in Guwahati City: An Exploratory Study
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Modeling the Barriers to Rural Marketing Using the Interpretive Structural Modeling Approach

--Poonam Kumari, Nirupma Gupta and Shilpa Sindhu

One of the major roles of marketing is to deliver the right kind of product to the right customer at the right time and at the right place. Rural marketing is gaining a great deal of attention these days due to the large population living in the rural areas. As urban markets have saturated, rural India is consistently facing a new heat of the world of brands, be it in FMCGs, consumer durables or automotives. Marketing to rural customer has now become a necessity for marketers if they want to stay competitive in the volatile and turbulent market conditions. Although it seems to be so easy and marketers do not leave any stones unturned to market their products in rural areas, the fact is far from reality. In the present paper, a number of barriers that critically inhibit marketers’ successful foray into the rural markets and their interrelationships using the Interpretive Structural Modeling (ISM) have been derived. The identified barriers have been categorized with respect to their driving power and dependence. Through ISM approach, order can be imposed on the complexity of these variables. This approach would enable the rural marketers to identify the critical points where maximum effort could be focused for success.

Article Price : Rs.50

The Influence of Country-of-Origin Labeling for Lentils on Consumer Preference: A Study with Reference to Sri Lanka

--Ramu Govindasamy, Surendran Arumugam and Isaac Vellangany

Lentils have been a part of the human diet for ages, especially in the developing countries, as a source of protein, vitamins and minerals. Understanding and identifying consumers who care about the country-of-origin of these lentils are important in strategic lentil marketing. Thus, the present study aims to identify consumers who think that country- of-origin is an important attribute while purchasing red lentils by conducting an intercept survey of 300 consumers in grocery stores, supermarkets and other family-run stores in Sri Lanka between July-August 2010. This survey collected detailed information relating to demographic, socioeconomic, grocery purchasing pattern and behavior. The results obtained using logit model indicate that those who frequently consume lentils every day, who use non-packed red lentils, who use packed red lentils with store’s own label, who think brand is an important attribute, who work in the government sector, and who earn between 45,001 and 65,000 Sri Lankan rupees per month are more likely to consider the country-of-origin as an important factor while purchasing red lentils.

Article Price : Rs.50

Consumer Perception Scale in Store Environment (CPS-SE) for Measuring Consumer Buying Behavior

--Shalini Jha, Bharti Singh and Suresh K P

Developing a scale which would capture all the data required by a study is a time- consuming and difficult process. The present paper reviews the process of developing a scale for measuring consumer buying behavior in a store environment in three stages, namely, item generation, scale development and scale evaluation. To measure the effect of store environment cues, specifically background music and behavior of salesperson on consumer buying behavior, a scale was developed using six factors, namely, perception of merchandise quality, perception of overall environment, perception of ambient music, perception of affability of salesperson, emotion (pleasure/arousal), and behavior (approach/avoidance). Validation measures such as face validity, content validity and construct validity were employed to standardize the questionnaire with 43 statements. Factor analysis was used to check the unidimensionality of the scale to assess the consumer behavior.

Article Price : Rs.50

Segmentation of Users of Cellular Phone Services in Guwahati City: An Exploratory Study

--Sinmoy Goswami, Suman Sarmah and Swapna Boruah

Cellular phone services are an inseparable part of the modern human society. This paper presents the segmentation of the users of cellular phone services in Guwahati, Assam, India, on the basis of the parameters identified from the findings of the previous studies. An exploratory study was conducted among 500 respondent users of such phones in Guwahati by using a structured questionnaire. It was found that most of the respondents were moderately satisfied regarding network, roaming facilities, charges, connectivity, value-added services, free incoming calls, attractive schemes, newer innovations and popularity of cellular phone services in Guwahati. Again, most of them had moderate overall satisfaction regarding their current cellular phone service provider(s) and had average chances of shifting from their current cellular phone service provider(s) to another without changing their number. The results of hierarchical cluster analysis reveal that there are five clusters (segments) of respondents among the users of cellular phone services in Guwahati. In addition, the outcome of non-hierarchical cluster analysis shows that these five clusters of respondents are: popularity seekers, connectivity seekers, efficient service seekers, optimal service seekers, and quality service seekers. Among them ‘quality service seekers’ is the largest segment comprising 56.2% of the respondents. Formulation of proper strategies for each such cluster of customers may enable the cellular phone service providers to satisfy them, thereby ensuring higher customer loyalty leading to uninterrupted profitability and survivability of these companies.

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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