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The IUP Journal of Marketing Management
Focus

Consumer decision making is a process that describes how a consumer makes choices. In the paper, “A Scale to Assess the Efficacy of Consumer Decision Making”, the author, Ruchika Sachdeva, makes an attempt to construct a scale on five parameters: problem recognition, information search, evaluation of alternatives, purchase decision and post-purchase behavior. Using analytical tools like Cronbach’s alpha, correlation, t-test and exploratory factor analysis, the author shows that the scale developed has desirable reliability and validity properties. According to the author, this scale can be used by the aspiring researchers. Despite the fact that the scale has certain limitations like it is skewed to educated and urban youth, its scope can be increased by using questionnaires in local languages.

Indian passenger car market, the sixth largest automobile industry in the world, has entered a new era in marketing—digital marketing—thanks to the presence of about 243.2 million Internet users in the country. The industry’s rapid adoption of online modes and social media platforms has helped it reach the customers in a whole new way. In the study “Cracking the Digital Code: A Study of Indian Car Market”, the author, Rekha Dahiya, attempts to understand the impact of digital marketing communication by car marketers on consumers’ buying-decision process. The author attempts to analyze consumer behavior by understanding the most preferred digital channels of the customers, demographic profile of the customers who use the digital channels while buying a car, and the impact of digital marketing on consumers’ buying-decision process.

In the paper, “The Influence of Availability of Shopping Time on Impulse Purchase Tendency”, the author, Ramesh Kumar Chaturvedi, categorizing the consumers based on time constraint into time-starved shopper and leisure shopper, analyzes which category of consumers would have higher proportion of impulse purchased items in their bill. The findings reveal that the time-starved shoppers purchase more impulsively. The authors conclude that impulse purchase tendency is influenced by the availability of shopping time, but the nature of influence is not linear. The author also shows that in-store factors influence shopping duration in a significant way.

In the final paper, “Marketing Strategies of Small-Scale Milk Producers: A Study in Azamgarh District, Uttar Pradesh”, the author, Kaushlendra Vikram Mishra, attempts to understand the different marketing strategies applied by the small-scale milk producers in their day-to-day business. The author suggests that the small-scale milk producers should form cooperative societies, which can help them to determine the proper marketing mix and also look after their welfare by providing feed, fodder and other services like Artificial Insemination (AI), insurance coverage, and veterinary services at affordable price at the doorsteps of small milk producers. The paper concludes that governments and the concerned agencies should take the initiative to assist the small-scale milk producers in forming milk cooperative societies, which will not only increase their collective marketing strength, but also provide regular and assured income to the poor dairy farmers.

-- B Shafiulla
Consulting Editor

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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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Marketing Management