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The IUP Journal of Brand Management
Focus

This issue has a mix of research papers—three quantitative and two qualitative.
The first paper, “Brand Engagement and Materialism: Attitude Towards Shopping”, by Sarabjot Singh, focuses on ‘brand engagement in self-concept’, which expresses how brands shape consumer identities and allow consumers to express themselves to others. The conclusion arrived at is that brand engagement in self-concept leads to a liking for shopping. The results also show that strong liking for material values builds strong preference towards shopping.
The next paper, “The Role of Consumer Personality Trait and Brand Personality Trait in Creating Customer Experience”, by Bikram Jit Singh Mann and Jyoti Rawat, uses structural modeling to explain how various dimensions of brand and customer personality traits influence emotional attachment to brands (i.e., affection, connection and passion). It also shows that emotional connection with the brand in turn leads to customer satisfaction and customer loyalty. The study is conducted in the context of cell phones.

The third paper, “The Effect of Brand Equity on Customer Satisfaction: An Empirical Study Based on David Aaker’s Brand Equity Model”, by Zoyia Tanveer and Rab Nawaz Lodhi, measures the effect of brand equity on customer satisfaction through David Aaker’s brand equity model. This study was conducted considering the branded shoes market in Pakistan. The results show that while dimensions of brand equity such as perceived quality, brand awareness and brand association have an impact on brand equity, brand equity in turn has an impact on customer satisfaction.

The fourth paper, “Consumer Orientation Towards Counterfeit Fashion Products:
A Qualitative Analysis”, by Satish Agarwal and Savita Panwar, explores consumers’ attitude towards counterfeit fashion products. It is a qualitative research paper based on in-depth interviews with 25 respondents. Counterfeit fashion products are purchased by those who are value-conscious, but are at the same time attracted by the status, image and prestige associated with owning and flaunting a well-known fashion brand. Positive past experience with counterfeit products and susceptibility to social pressure also influence consumers to buy counterfeit products. However, those driven by uniqueness and novelty-seeking behaviors are likely to keep away from counterfeits.

The last paper, “The Spectacle of Excess: A Marketing-Cum-Financial Analysis of WWE Inc.”, by Varun Bajaj and Shivaji Banerjee, presents a qualitative overview of World Wrestling Entertainment (WWE) primarily from the marketing angle, with a limited analysis of its share market performance. The paper narrates how WWE has transformed itself from a sports to an entertainment channel by uniquely positioning and promoting specific wrestlers (whom it refers to as WWE superstars) and also by efficiently managing its talent pool.

-R Harish
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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Brand Management