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The IUP Journal of Brand Management

September '10
Focus

The theories and concepts propounded in various disciplines of social sciences and management hold good only if their practical application enables the society to understand the various complex phenomena in these fields through the analysis of relevant factors.

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A Study on Brand-Switching Behavior and Promotional Strategies for High-End Airline Flight Services

Brand Preference Factors of Passenger Cars: An Empirical Assessment
The Benefits and Risks of Strategic Brand Collaboration
Destination Branding: A Case Study of Hong Kong
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A Study on Brand-Switching Behavior and Promotional Strategies for High-End Airline Flight Services

-- Mihir Dash and Jacob Alexander

This study analyzes the impact of different promotional programs on the brand-switching behavior of students with respect to premium flight services to determine the `optimal promotional mix' that service providers should offer. This study uses the Markov brand-switching model in combination with game theoretic techniques to find the optimal promotional mixes of the two service providers, based on the data collected by a sample survey of customers. The results suggest that both the service providers should adopt a combination of promotional offers, and indicate an asymmetric behavior in response to promotional schemes of the providers. Sensitivity analysis showed that the strategies were quite robust. The study provides marketers with a systematic method for planning promotional mixes by taking competitors' strategies into account. A possible approach would be to estimate switching rates periodically and to update the optimal promotion mix with the current data. In this way, the estimates would be more accurate and any changes could be detected and incorporated into the analysis. This would result in a more dynamic, reactive strategy.

Article Price : Rs.50

Brand Preference Factors of Passenger Cars: An Empirical Assessment

-- C Dharmaraj and J Clement Sudhahar

A consumer's decision to buy a product is the result of interplay of many factors. The process of choosing is a complex phenomenon. Selection of a product or service goes through a set of stages, especially for the selection of durable products. The customer has to spend much time to think, evaluate and choose the desired brand based on his/her requirements. After the opening up of the economy during the 1990s, with proliferation of products and services from global players, the consumers found it very hard to choose the right product or services. This paper carries out a comprehensive study on identifying the underlying factors of brand preference for passenger cars, and refines the factors that influence the brand preference in India. Moreover, this study reveals the dimensions reflecting brand preference for the passenger car, which will be more relevant and useful for the general public, car owners, car dealers as well as the manufacturers.

Article Price : Rs.50

The Benefits and Risks of Strategic Brand Collaboration

-- Henrik Uggla and Per Åsberg

This paper explains the benefits and risks of brand collaboration from a strategic perspective. It integrates the benefits and risks with co-branding that previously lay scattered across poorly integrated domains. It is argued that brand managers can have three general benefits from brand collaborationfunctional, emotional and self-expressive benefits. However, it is also argued that beyond the more obvious benefits, brand collaboration also involves risks for both the parties involved. First, there is a risk with loss of control over the brand associations; second, there is a risk with loss of control and lost focus in the target groups; third, image dilution through overexposure; fourth, a lost focus in the target group; fifth, a risk that one of the brands in the alliance becomes generic; and sixth, less leverage points for the involved brands in the future.

Article Price : Rs.50

Destination Branding: A Case Study of Hong Kong

-- Aditya Shankar Mishra

Nowadays, many destinations are branding themselves to attract tourists and travellers. Tourists infuse money into these economies, and thus all these destinations get benefitted by economic growth as well as job creations. But like products and services, these destinations too are vying on similar attributes and they all look alike. Hong Kong too is in the same race. The objective of this paper is to find out the attributes which differentiate Hong Kong from other destinations. A differentiated destination brand identity of Hong Kong will eventually help the stakeholders of Hong Kong's tourism industry to position themselves on unique attributes. Kapferer's brand identity prism is taken as the approach to establish Hong Kong's destination brand identity. Kapferer's brand identity prism is an effective tool to build and communicate the brand identity across various platforms.

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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Brand Management