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The IUP Journal of Marketing Management

February' 05
Focus Areas
  • Marketing Strategy
  • Marketing Research and Techniques
  • Brand Management

     

  • Advertising
  • Consumer Behavior
  • Emerging and Interdisciplinary Issues
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Integrating People, Technology and Strategy: Quality Dimensions in Select Services
Service Blueprinting - A Power Tool for Management Education
Service Quality: Gaps in the Indian Banking Industry
Out-of-Pocket Expenditure on Health: Inter- and Intra-product Price Variability in Medical Diagnostic Facilities
Advertising and Children: A Conceptual Study of the Child's Information-processing Capabilities
Customerization: Getting to the Customer
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Integrating People, Technology and Strategy: Quality Dimensions in Select Services

--B Balajiand S Ganesan

Services marketing and management refers to a customer satisfaction engineering tool that deals with various complex issues like design, delivery, encounters, quality, profitability and productivity. Quality is the totality of features and characteristics of a product or service that bears on its ability to satisfy given needs. The eight principal Quality dimensions comprise Performance, Features, Reliability, Conformance, Durability, Serviceability, Aesthetics and Perceived Quality. This paper deals with the challenge of service quality in today's emerging global village. It is based on doctoral level research work related to five services, namely, banking, airlines, education, fast food restaurants, and mobile telecommunication. The study employed the modified version of the SERVQUAL instrument to ascertain the quality gaps in the service industry for the five services. The selection of these services stems from the fact that the Indian economy is fast responding to the LPG syndrome. The cultural divide is fast melting and the service industry has been rocked by fast paced technological advancements. These industries, in particular, have been facing stiff competition from transnational corporations where innovation and customer delight are the order of the day. This paper endeavors to assess the consumer psyche in order to compile the existing gaps and to suggest strategies to alleviate such quality gaps.

Article Price : Rs.50

Service Blueprinting - A Power Tool for Management Education

--Hemlata Agarwal

Service Blueprinting is the procedure of making a flowchart or map of a service process. The blueprints clarify the interactions between participants and employees and show how these are supported by additional activities and systems backstage. The aim is to identify points where value may be added for stakeholders. Service blueprints have been used with some success to analyze and improve the service quality in areas viz., finance, banking, retail and healthcare services. This article discusses the use of service blueprints as a tool for management education. 'Blueprinting' of the activities can serve as a power tool to understand the activities and process involved in delivering quality service of a management institute. It enables us to visualize the whole process of delivery, depicting the front stage interaction in sequence, experience of stakeholders, important service encounters with participants, facilities and equipment with supporting backstage activities, which are hidden from the stakeholders. Just by looking at the blueprint, the management can comprehend the complexity of the transactions and pinpoint the areas where delays and failures exist. The author has identified four major areas in creating service blueprints for a management institute. These areparticipant registration, classroom sessions, examination and evaluation system and placements. Service blueprint can have a number of useful applications. It can act as a control tool to enable better planning, organizing, communication and training. On the whole, it is ascertained that service blueprinting helps to simplify a complex set of concepts, and thus renders a better service by providing a number of useful insights for improving the quality, productivity and effectiveness of the operation of the organization.

Article Price : Rs.50

Service Quality: Gaps in the Indian Banking Industry

--Zillur Rahman

This study deals with the measurement of service quality of banks in India. It investigates the discrepancy between customers' expectations and perceptions towards the quality of services. The study was conducted using the SERVQUAL instrument. The results indicate that the sample population has perceptual problems with their banking service experiences.

Article Price : Rs.50

Out-of-Pocket Expenditure on Health: Inter- and Intra-product Price Variability in Medical Diagnostic Facilities

--Ratnaja Gogula

The aggregate expenditure towards private costs on health in India is out-of-pocket when compared with other low income and lower-middle income countries as well as upper-middle income and high income countries. The burden of health expenses on an individual in India is enormous. Given the high dependence on private health facilities and also the fact that the out-of-pocket expenditure is 100% of the total private costs, it would be of high relevance to determine price variability in components of out-of-pocket expenditure on different health goods and services. This paper captures price variability in diagnostic tests among independent private medical diagnostic clinics and intra price variability in diagnostic tests between independent private facilities and corporate hospital labs in the city of Hyderabad. The paper concludes that in the absence of regulatory price control mechanisms, increased public facilities, insurance support and credibility of public facilities, both independent private facilities as well as corporate hospitals will continue to cheat the poor man in India, who is an unsuspecting believer of the superiority of private healthcare facilities.

Article Price : Rs.50

Advertising and Children: A Conceptual Study of the Child's Information-processing Capabilities

--Rutu Mody-Kamdar

It has commonly been assumed that very young children (below 7 years) have a problem in understanding advertising messages. Although there is an increasing awareness of the child's role in the family decision-making process among academic and corporate circles, very young children, i.e., pre-schoolers, however, are still deemed as the largely unintelligible segment. This paper reviews the research done in this area over the last 30-40 years, and draws out the major findings regarding the young child and his information-processing capabilities with respect to advertising.

Article Price : Rs.50

Customerization: Getting to the Customer

--Jitendra Kumar Das

With increasing liberalization and globalization, companies face the prospect of stiff competition in a market where products can no longer be differentiated on feature and price combinations. Customers treat products as commodities and low price rules. In such scenarios it becomes difficult to attract new customers and even more arduous to retain them profitably. To add to the woes of a company, a new entrant in the market is quickly able to create a niche for itself. In this market chaos, a company must be able to differentiate itself from the rest to survive and possibly emerge as a market leader. This differentiation, logically, cannot be product-basedfor the best product offer is merely a prerequisite to survivalbut it must be company-based yet focused on the customer. In this paper, an approach has been proposed to customerize a company to better address customers' needs and thus to stay ahead of competitors.

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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