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The IUP Journal of Marketing Management

Feb'13
Focus

Financial services could enable the poor to leverage their initiative, enhancing the process of building income, assets and economic security which is necessary for inclusive economic growth.

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The Effect of Impulsiveness and Promotional Types on Purchase Intentions in Taiwan: A Study
An Empirical Study on Customer Satisfaction with Special Reference to Domestic Sector Pumps in Coimbatore
Impact of Promotional Campaigns Featuring Kids on the Purchase Behavior of Customers
Research Note- Destination Information Sources: A Spatial Study Across Time and Expenditure
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The Effect of Impulsiveness and Promotional Types on Purchase Intentions in Taiwan: A Study

--Yang-Chu Lin, Yi-Chih Lee, Steven C H Lin and Yi-Xin Zheng

Price plays an important role in the planning and execution of marketing strategy. Therefore, in the current environment many enterprises use a different pricing model in order to increase their sales. Odd price is the common pricing model. This study investigates the different effects of pricing model, promotion type, brand awareness and consumer buying impulsivity on perceived price and purchase intentions and also examines the possible mediating effects of perceived price on the relationship.

Article Price : Rs.50

An Empirical Study on Customer Satisfaction with Special Reference to Domestic Sector Pumps in Coimbatore

-- G Devakumar

In today’s situation, the customer has multiple alternatives to choose at various points of purchase (POP). Therefore, dealers and sales personnel need to know the pulse of the customer and the customer’s touch points by thoroughly understanding the customers’ needs and wants. Thus, creating a superior customer value and ways to increase customer satisfaction is the order of the day during the purchase, prior to purchase, as well as post purchase process. At any point of time if the customer tends to be dissatisfied on any grounds, viz., emotional, psychological and personal ground, it will lead to customer switching behavior. In order to cater to the customers’ needs and satisfy them, various strategies, viz., customer service cell with highly trained personnel, emergency services and quick after-sales service and support, etc., have been identified. This study aims to identify the level of customer satisfaction rendered through the quality of service by the dealers, sub-dealers and retailers of the mini pump purchasers in Coimbatore city. This analysis was carried out using the input data collected from 250 respondents at various POP. The outcome of the study revealed that the commitment by the sellers, quick after-sales service, extended warranty terms and attitude of the sales personnel play a significant role in rendering customer satisfaction.

Article Price : Rs.50

Impact of Promotional Campaigns Featuring Kids on the Purchase Behavior of Customers

-- Garima Malik and Ch Abhinav Guptha

The Indian consumers have a high degree of family orientation. This orientation is not only limited to their family, but also extends to neighbors and friends. Brands that support family values are easily accepted in the Indian market since family values are far more important than values of ambition and achievement. The acceptance rate of ads which communicate family values is very high among Indian consumers. It is not difficult to guess as to why companies are increasingly using kids. The Indian family dynamics shows that the opinion leadership of children is increasingly becoming powerful and influencing the buying behavior of the whole family. The study explores the impact of kids' endorsement on the purchase behavior of the consumers. Statistical tools like ANOVA, regression, co-relation and chi-square test were used for analyzing the data and the results revealed that a majority of the respondents agreed that children do not influence the purchase decisions of the consumers, and there is no relation between marital status and influence of children on the purchase decision of respondents, i.e., respondents who are married and unmarried are more or less equally influenced by the advertisements endorsed by kids.

Article Price : Rs.50

Research Note
Destination Information Sources: A Spatial Study Across Time and Expenditure

--Mrinmoy K Sarma and Uttam K Baruah

The diffusion of destination-related information has been well recognized as a strategic tool of tourism marketing. Destination marketers use several information channels to gain mileage in creating awareness, enhancing interest, increasing desire and initiating prompt action amongst the targeted tourists to come and enjoy the resources. So, in the context of destination marketing, the use of information source is of strategic importance (Stabler, 1988; Chon, 1990; Echtner and Ritchie, 1991; Chacko, 1997; Chen and Uysal, 2002; Gallarza et al., 2002; and Sarma, 2003). A number of information sources are trusted by the tourists while forming an image of the destination (Reynolds, 1965; Gunn, 1988; and Fodness and Murray, 1997). However, the level of trust reposed on a particular channel for necessary information might be guided by some characteristics innate to the tourists. Researches show that tourists from divergent backgrounds use different sources of information in evaluating the destinations’ image (Sung et al., 2001; Fodness and Murray, 1997; Klenosky and Gitelson, 1998; and Gallarza et al., 2002). Some researchers have also suggested that the process of gathering information starts with visitors’ internal knowledge (Fodness and Murray, 1997; Vogt and Fesenmaier, 1998; and Gursoy and Umbreit, 2004). It is also recognized that cultural background bears influence on the use of information channel (Gursoy and Umbreit, 2004). Moreover, demographic characteristics and referrals play a significant role in shaping the use of a particular contour of information source (Vogt and Fesenmaier, 1998; Smith and Gregory, 2000; and Sarma, 2004). Studies also report that the state of destination image does not remain consistent over a longer period of time (Gartner, 1986; Gartner and Hunt, 1987; Chon, 1991; Echtner and Ritchie, 1991; and Gartner, 1993). Similarly, the effectiveness of information sources in communicating destination-related message also changes over the period (Sung et al., 2001). The degree of use may directly or indirectly show the extent to which an information channel is trusted by prospective tourists. Research can be extended to measure the changes, if any, in the degree of use of information channel over time; to measure the relationships between degree of use of information channel and extent of tourists’ expenditures and also to see whether specific tourists profile can be delineated on the basis of age, education, occupation and frequency of travel for degree of use of information channel. This paper tries to address these issues.

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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