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The IUP Journal of Marketing Management
Focus

Private Label Brands (PLBs) (retailers brand, store or in-house brands) are brands introduced by power retailers under their own brand name. E.g., Big Bazaar’s major private brands are DreamLine, Kryo, Premium Harvest, Tasty Treat, Clean Mate and Care Mate which account for 20% of their food category. Similarly, Reliance Retail, Vishal Megha Mart and globally, WalMart, Carrefour, etc., have their own private brands for different strategic reasons. The first paper titled, “Perceptions and Buyer Behavior Towards Private-Label Colas: An Exploratory Study to Understand the Views of the Store Managers of United Kingdom”, by Samrat Chakraborty, describes the growth of private labels in the retail sector. They have been trying to expand the product range, improve quality and offer reasonable prices with wider distribution network. Among them, the private label cola is the one that has been sold on a huge volume by a big retailer in the United Kingdom. In spite of the growth of private label colas, premium colas have a great brand image. The author tries to explore the customers’ general perceptions and buyer behavior of private-label colas in UK retail market. The information was collected from store-managers of four big selected retailers of UK (having their own private-label colas) through interviews.

The second paper titled, “A Comparative Study on Consumers’ Attitude Towards Private Labels: A Focus on Gujarat”, by Amit R Pandya and Monarch A Joshi, focuses on comparing customers’ attitude towards PLBSs with the national label brands on selected attributes—quality, price, risk, packaging and image across two product categories—consumer durables and personal care products. The study was conducted in two urban centers in Gujarat. The findings of the study will help the retailers in developing stronger PLBSs and increase their presence and acceptance amongst customers.

The third paper titled, “ECRM Using Online Communities”, by Shirin Alavi, Vandana Ahuja and Y Medury, focuses on how certain Telecom companies can use specific attributes on their websites to cater to the customer relationship management functions in an organization. Earlier studies have revealed that by increasing customer retention levels, profitability also increases. In this era where online access provides consumers a variety of choices, it is important for organizations to retain their consumers and meet their expectations. Hence, electronic media is a tool for marketing and fostering consumer relationship. Choosing right combination of structural features online will be the right strategy for any organization to achieve their goal.

In the fourth paper titled, “TV Viewing Habits Amongst Urban Children”, the authors Amardeep Kaur Ahluwalia and Raghbir Singh have analyzed and discussed about the frequency of watching TV, persons accompanying children while watching TV, frequency of discussion about TV and its programs by parents with children, reasons for watching TV and preference for watching different TV programs. A survey was conducted to know the TV viewing patterns among children. A sample of 400 children of 8 to 16 years of age group was selected from different cities of Punjab. It was found that on an average, children watch two hours or less of TV daily and watched primarily for entertainment and learning. Children prefer to watch children’s shows/serials, followed by cartoon/animated programs.

 

The fifth paper is a case study, “Bajaj Auto: From Chetak to Pulsar and Beyond”, by Harish R. It is based on the business and marketing strategies followed by Bajaj Auto Ltd. over the past five decades.

 

Finally, we have a book review by J Venkataraman on Seven Steps to Mastering Business Analysis, authored by Barbara A Carkenord.

-- B Shafiulla
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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Marketing Management