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The IUP Journal of Marketing Management

February '09
Focus

Retail industry in India with its more than 12 million outlets, is providing the second largest employment opportunities after agriculture. It contributes 8%-10% to the GDP. One of the fastest growing sectors in India is the Organized Retail Sector, which grew at the rate of 40% per annum by 2008.

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Impact of Store Size on Impulse Purchase
Effect of Switching Cost, Service Quality and Customer Satisfaction on Customer Loyalty of Cellular Service Providers in Indian Market
Viewer Relationship Management in Indian News Channels: An Analysis Using 7 Ps Framework
A Case Study on ORPAT Group's Diversification
The Game - Changer: How You can Drive Revenue and Profit Growth with Innovation
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Impact of Store Size on Impulse Purchase

-- Sumeet Gupta, Xu Heng and Vimal Sahu

Every store, whether organized or unorganized, attempts to entice customer towards its products and services. In-store stimuli, such as product display, product price, large variety, store ambience, etc., form the core reasons that influence consumers to purchase on impulse. Clearly, a large store must be able to attract more impulse purchases from a customer as compared to a small store. However, there is a caveat here. The impulse purchases made from a large store must be large enough to justify the investment and turnover of the store as compared to a smaller-size store. Therefore, in this research we study the influence of store size on impulse purchase. The study reveals that the impulse purchase as a ratio of total spending is high for the mid-sized departmental stores when compared to small-sized and big-sized retail stores.

Article Price : Rs.50

Effect of Switching Cost, Service Quality and Customer Satisfaction on Customer Loyalty of Cellular Service Providers in Indian Market

-- S K Chadha and Deepa Kapoor

As the current market place becomes more competitive, consumers tend to become more and more demanding. Mobile telecommunication service sector in India has been experiencing the highest growth rate in terms of subscribers and revenues. With the increasing competition in cellular services, the consumers are demanding more. The main condition for protecting the subscriber base is to win customer loyalty. This study attempts to examine the effect of switching cost, service quality and customer satisfaction on customer loyalty in the mobile telecommunication services. As many as 220 users of GSM services were surveyed in two cities in India. The data was analyzed by regression analysis. The study shows that the switching cost, service quality and customer satisfaction have positive association with customer loyalty. However, the customer satisfaction was found to be the best predictor of customer loyalty.

Article Price : Rs.50

Viewer Relationship Management in Indian News Channels: An Analysis Using 7 Ps Framework

-- Anand Sapre and Amit Nagpal

People are curious and they watch news to get their curiosity satisfied. News is a window to the issues affecting a person's world and the manner in which it is conveyed shapes the news, consumers' opinions and beliefs. It allows the development of views on various topics, be it in terms of social structure, economic conditions or political scenario. The question arises, `Can news channels provide better services with the use of Viewer Relationship Management (VRM)?' Since news channels are a part of services, VRM analysis has been presented using the 7 Ps framework or services marketing mix.

Article Price : Rs.50

A Case Study on ORPAT Group's Diversification

-- Khuman L Rathod

The Case deals with the ORPAT Group-one of the most successful family run business houses of Gujarat, which has made its preference felt in several areas. With infusion of new blood and changing scenario, the group has diversified businesses.

Article Price : Rs.50

The Game - Changer: How You can Drive Revenue and Profit Growth with Innovation

-- Authors: A G Lafley and Ram Charan Reviewed by Shailendra Dasari

Innovation, the prime mover of growth and competitiveness of corporate entities, is surprisingly yet to be adopted as an integral part of business by a large majority of organizations all over the globe. Apart from the lip service to this `fancy' subject by some high profile CEOs and management gurus who have been instrumental in producing quite a few titles, the efforts made to use innovation as a strategy for growth and survival of businesses are hardly visible, barring the initiatives of a few global organizations.

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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