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The IUP Journal of Marketing Management  

August' 04
Focus Areas
  • Marketing Strategy
  • Marketing Research and Techniques
  • Brand Management

     

  • Advertising
  • Consumer Behavior
  • Emerging and Interdisciplinary Issues
Articles
   
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Managerial Reflections on Customer Relationship Management and Customer Recession Management
Do Rural and Urban Families Decide `Differently' to Buy?
Micro-Profiling of Customers of Coca-Cola Brands in Shopping Malls and Super Markets: A Study

Effectiveness of Product Placements in Indian Films and its Effects on Brand Memory and Attitude with Special Reference to Hindi Films

Emotional Intelligence and Consumer Reactions to Emotional Advertisements: A Conceptual Framework
Success Determinants of Brand Extensions: An Indian Perspective
Economic and Justice Considerations in Consumer Privacy
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Managerial Reflections on Customer Relationship Management and Customer Recession Management

--Adam Lindgreen and Jesper Jon Elling

Customer relationship management has become common currency among CEOs and board of directors, and is widely regarded almost as a panacea for the plethora of challenges confronting today's organizations. In this article, we consider what happens to organizations and their considerable investments in customer relationship management programs when a recession hits the economy. To this end, we examine the customer relationship management programs that Stig Jørgensen & Partners, Scandinavia's largest consulting firm specializing around loyalty-based business solutions, has been involved in over the past years. We considered only programs in Denmark. The findings are interesting for both academicians and managers. The former now have a better understanding of what is regarded as best practice among consultants, while the latter know what to do, and what to avoid, during a recession.

Article Price : Rs.50

Do Rural and Urban Families Decide `Differently' to Buy?

-- Raghbir Singh and Pavleen Kaur

Purchase decision-making has been researched in a restricted context in India although Indian families are seen to most strongly influence decision patterns and behavior of buyers (family members). Also, three-fourth of the country's population resides in the hinterland, which is considered to be poles apart from their urban counterparts on account of demographics and psychographics. Therefore, this paper attempts to identify whether any significant differences exist between the two types of families while deciding to purchase durables.

Article Price : Rs.50

Micro-Profiling of Customers of Coca-Cola Brands in Shopping Malls and Super Markets: A Study

--S Shajahan

The study aims at portraying the branding preferences of Coca-Cola brands among the shopping mall and supermarket in-store customers in Chennai. The analysis revealed that customers' preferences can be grouped as meaningful three clusters by employing multivariate statistical data analysis and SPSS ver. 11.5 software. A combination of demographic and critical variables clubbed with their brand preferences helped the company to fine-tune their sales promotion offers and campaigns which in turn rewarded them handsomely. This is one of the early attempts made in India for the multinational companies to undertake the micro-profiling studies from a business school.

Article Price : Rs.50

Effectiveness of Product Placements in Indian Films and its Effects on Brand Memory and Attitude with Special Reference to Hindi Films

--Tapan K Panda

Product placement refers to the practice of including a brand name, product, package, signage or other trademark merchandise within a motion picture, television or other media vehicles for increasing the memorability of the brand and for instant recognition at the point of purchase. Media planners and brand marketers are looking for alternative media vehicles to reach customers with a distinct message to increase the brand name. This is a growing trend in Indian films for various reasons. This paper highlights the basic reasons for placing products and brands in films with special reference to hindi films and the effectiveness of these placements as a tool for enhancing the recall value of the brands in the long run. This paper proposes a category of placements that can be used by brand marketers to put their brands in the films and identifies the caveat for putting the brands in the films. This paper suggests about the modality and plot connections in bringing congruity in the presentation so that the brand placement does not look out of context. The researcher has conducted an experiment with four films namely Dilwale Dulhaniya Le Jayenge, Phir Bhi Dil Hai Hindusthani, Taal and Yadein. Ten clips from the movies representing various types of placements were shown to the respondents and their opinion was sought on the selected parameters. This research paper has implications for both academicians and practitioners who include the advertising agency people, media planners, brand managers, film scriptwriters and producers for developing strategies to increase the use of product placement as a tool for brand communications. The paper also highlights the future research directions in this area for Indian brand managers and academicians.

Article Price : Rs.50

Emotional Intelligence and Consumer Reactions to Emotional Advertisements: A Conceptual Framework

--Shreekumar K Nair

Emotional advertisements are today increasingly used by advertisers to evoke emotional reactions in the consumers. However, whether or not emotional advertisements are successful in creating favorable reactions in the consumers by way of buying intentions and buying behaviors depends largely on the consumers' ability to control their emotions. This paper examines the probable relationship between consumers' emotional intelligence and their reactions to emotional advertisements. It is argued that, emotional intelligence has implications for consumer behavior in general and reactions to affect-laden advertisements in particular. The way emotional intelligence can influence the intentions as well as the buying behaviors of consumers is explained here on the basis of theory and evidence from existing research. The paper comes out with two propositions, which are expected to serve as agenda for future research.

Article Price : Rs.50

Success Determinants of Brand Extensions: An Indian Perspective
--Tamaraiselvam and P David Jawahar

In this turbulent, complex and competitive business environment, the companies need to adopt many marketing strategies to stay ahead in the market. One of the widely used marketing strategies is to keep launching new products with a lot of varieties for outpacing competitors. Another aspect is brand extensions. Brand extension is defined as attaching an existing brand name to a new product introduced in a different product category. This article tries to find out some of the factors that are considered to be important whenever the company pursues brand extension strategies, specially in the Indian market scenario.

Article Price : Rs.50

Economic and Justice Considerations in Consumer Privacy

--Sridhar Kunta

Consumer privacy is at the center of an ongoing debate among business leaders, privacy activists, and government officials. Although corporations face competitive pressures to collect and use personal information about their customers, many consumers find some methods of collection and use of their personal information unfair. We present a justice theory framework that illustrates how consumer privacy concerns are shaped by the perceived fairness of corporate information practices. We describe a set of global principles, fair information practices, which were developed to balance consumer privacy concerns with an organization's need to use personal information.

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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