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The IUP Journal of Brand Management

Jun'16
Focus

This issue contains five research papers, out of which three are on luxury brands. The first paper, “Consumer Attitude Towards Luxury Brands: An Empirical Study”, by Preeti Tak and Ashish Pareek, is based on a survey conducted among Indian consumers.

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Promoting Organizational Brands as Desirable Employers Through
Company Websites: A Study of Three Indian IT Companies
Artist as Brand Portfolio Manager: A Strategic Brand Management Framing of the Artist
How Service Experience Leads to Brand Loyalty: Perspective from the Telecom Sector in Ghana
Modeling the Personality Construct of Brands: A Study on Apparel Brands in India
Factors Affecting Shoppers’ Brand Preference Towards Choosing Retail Stores
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Promoting Organizational Brands as Desirable Employers Through Company Websites: A Study of Three Indian IT Companies

--Falguni Vasavada-Oza and Dhriti Bhattacharjee

The organizational brand is the reputation or perception that its major stakeholders have about it. The major stakeholders in this case are investors, employees, consumers, community, government and regulatory authorities and the general public. Of all these stakeholders, this study aims to find out how an organization projects itself as a desirable employer, particularly to prospective employees. The study looks into the brand identity promoted by three IT companies whose origins are in India, namely, Tata Consultancy Services, Infosys and Wipro. These were the top three IT companies in India based on their revenues (source: http://www.nasscom.in/industry-ranking). This study looks into how these companies promote themselves as employers of choice through the internet, as it is the most accessible and used source of information in today’s time. It aims at finding out what identity these organizations want to create and how they promote this image through the career pages of their websites to the target audience. The study involves content analysis of the websites with a special focus on employer branding. The results show that organizations have different approaches to building their brand identity. The study also provides an insight into how organizations try to attract scarce talent in this increasingly competitive world.

Article Price : Rs.50

Artist as Brand Portfolio Manager: A Strategic Brand Management Framing of the Artist

--Henrik Uggla

The purpose of this paper is to expand the perspective on the artist from brand manager to brand portfolio manager, focusing on applying the brand portfolio metaphor and framework from strategic brand management to the artist and art. This paper has two aims, first to embed the creative artist’s work within the strategic brand management literature and the brand portfolio management literature in particular. Secondly, the author moves beyond the traditional description of the artist as a brand by framing the artist as an inclusive brand portfolio manager, leveraging entities, artifacts and impressions in and outside his or her brand territory. It is suggested that the artist can potentially manage a complex brand portfolio of product-brands, brand extensions and co-brands and align distinct brand portfolio objectives with his or her business strategy.

Article Price : Rs.50

How Service Experience Leads to Brand Loyalty: Perspective from the Telecom Sector in Ghana

--George K Amoako, Robert K Dzogbenuku and Joshua K Doe

This paper seeks to investigate the relationship amongst service experience, customer satisfaction and brand loyalty in the Ghanaian telecommunication industry. Students from Central University College Accra were selected randomly to respond to a questionnaire. Structural Equation Modeling (SEM) was used in analyzing the data. The study revealed that service quality significantly influences both customer satisfaction and brand loyalty; and also customer satisfaction significantly influences brand loyalty. Telecommunication firms and other firms which want to survive competition have to know what their customers want and satisfy them. Managers must also be aware that service quality must be measured in terms of customer satisfaction in order to enhance brand loyalty. This paper is one of the very few empirical researches conducted, that investigates the importance of service experience to customer satisfaction and brand loyalty in the telecommunication service industry in an emerging market economy. The findings, if well publicized, will encourage both scholars and professionals elsewhere to value the importance of using customer inputs in developing service innovation strategies in the telecommunication industry in emerging markets.

Article Price : Rs.50

Modeling the Personality Construct of Brands: A Study on Apparel Brands in India

--Saugat Ghosh

Brand personality, which is defined as ‘personality attributes associated with the brands’, forms the core of a brand’s symbolic attributes. As the functional benefits offered by all brands in a product category are similar, symbolic benefits play a significant role in achieving differential positioning of brands. Firms often try to differentiate their brands from those of competitors by designing a suitable brand personality. To develop a suitable brand personality, knowledge related to the brand personality construct is essential. Although theoretical studies have illustrated the construction of brand personality and identified important constructing factors, there are gaps in empirical validation of the theories and the constructing components. Moreover, identification of the relative importance of the brand personality constructing components across different product categories was also not done. In this paper, an attempt has been made to create a model of brand personality for selected brands of apparels, based on theoretical studies. A methodology is also developed to empirically justify the theoretical construct. The relative importance of the constructing components of brand personality is also measured across selected brands of apparels operating in the Indian market.

Article Price : Rs.50

Factors Affecting Shoppers’ Brand Preference Towards Choosing Retail Stores

--Ramulu Bhukya and Sapna Singh

The aim of this paper is to analyze the factors affecting shoppers’ brand preference towards choosing retail stores. The factors considered for this were—store ambience, store location, store layout, parking facility and salespersons’ service quality. Primary data were collected from consumers through a structured questionnaire at 35 different retail stores. Responses were recorded on a 5-point Likert-type scale. Purposive sampling technique was used to select the respondents. A total of 320 valid responses were obtained and included for data analysis. Data were analyzed by applying descriptive statistics and multiple regression analysis on SPSS 21v. The findings revealed that all the five factors have a significant effect on consumer preference towards choosing retail stores. However, parking facility and store location were found to be the most important factors. Hence, it is suggested that managers of retail stores should consider these five factors as strategically important for their stores to become the preferred choices among consumers.

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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