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The IUP Journal of Marketing Management

May'17
Focus

India is an emerging consumer market. And consumer sales promotions, also called deals, are the key promotional strategies employed by marketers for immediate product purchase.

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An Evaluation of Consumers’ Deal-Specific Response to Sales Promotions Based on Their Product Involvement
Profiling Customers in the Hospitality Sector: An Approach Towards Market Segmentation in Hotels and Restaurants in Assam
Evaluation of Traditional Marketing Channels of Agricultural Produce: Paddy and Rice
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An Evaluation of Consumers’ Deal-Specific Response to Sales Promotions Based on Their Product Involvement

--Surajit Ghosh Dastidar

Consumer sales promotions (deals) are the key promotional strategies that marketers are employing today to provoke consumers for immediate product purchase. For effective use of deals, it is pertinent for the marketers to understand the consumers’ response to various deals in a given product category. This research has examined whether the deal-prone buyers in a given product category are also the deal-prone buyers for other product categories. Consumers’ deal redemption intention, tested in the case of eight types of deals, using a sample of 410 respondents, has been compared across a low-involvement FMCG product, e.g., shampoo, and a high-involvement durable product, e.g., apparel, to assess whether consumers are consistent, or vary, in their deal proneness across these two product categories. The results depict significant differences in consumers’ deal proneness across the two product categories in the case of a majority of the deal types included in this study. The findings have important theoretical implication and are expected to enable the marketers to strategize the use of various deals effectively, specifically as per their product category.

Article Price : Rs.50

Profiling Customers in the Hospitality Sector: An Approach Towards Market Segmentation in Hotels and Restaurants in Assam

--Sinmoy Goswami, Panchanan Barman and Suman Sarmah

In order to successfully run hotels and restaurants, there has to be a proper marketing strategy for the various segments of guests/customers. Therefore, this paper has attempted to identify different customer segments in these establishments. A survey was conducted involving 210 hotel guests and 218 restaurant customers in Assam (India). The study revealed 29 parameters that have a significant impact on guests’ overall service experience in hotels. The results indicated three possible clusters (guest segments) in relation to these 29 parameters in hotels. These segments are convenience seekers, accessibility seekers, and quality eatable seekers. The findings of this study also indicated 18 parameters that have a significant impact on customers’ overall service experience in restaurants. It was found that there are three possible clusters (customer segments) with respect to these 18 parameters. These segments are sensible eaters, aesthetic seeking eaters, and quality eatable seekers. Appropriate marketing strategy for each such customer segment may improve the probability of their satisfaction, retention and loyalty. This may guarantee uninterrupted profitability and survivability of hotels and restaurants in future.

Article Price : Rs.50

Evaluation of Traditional Marketing Channels of Agricultural Produce: Paddy and Rice

-- Rinalini Pathak Kakati and Moitrayee Banerjee Chakraborty

Agricultural products still reach the consumers by means of traditional marketing channels in most parts of India. This study concentrates on evaluating the efficiencies of traditional marketing channels used by farmers for paddy/rice in Assam. Mainly three traditional channels dominate the agricultural market which are characterized by local agents, small and big millers, besides wholesalers and retailers. Despite the most common observation that farmers always get less returns due to the presence of market intermediaries, the present study shows that for paddy growers of Assam, the farmers’ share in the consumers’ rupee is moderate ranging between 62% and 68%. The farmers’ share has been highest, i.e., 68% of the consumer’s price in Channel 2, because of the farmer taking more marketing initiative of his own. Modified Marketing Index and Shepherd’s Index show that Channel 2 with Marketing Efficiency Index of 2.13 is the best. Here, the farmers’ share is higher due to more marketing initiatives which help the farmers in earning the margin that would otherwise pass on to the local traders. This study would help in formulating the pricing strategies of the corporate retailers for marketing of rice and related products.

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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