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Marketing Mastermind


May '09
Regular Features

• Editorial: Comment
• White Paper
• Book Review

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Online Shopping in India : Findings from a Consumer Research
Virtual Socialization Services : Cyber Currency of the Future
From Mass to Niche : The Changing Marketing Paradigm
Emerging Trends and Strategies in Tourism Marketing
Marketing to the Indian Rural Consumers
The New Face of Unorganized Retailers in India : From Convenience to Category Killer
Engineering Services Outsourcing : The New Frontier Market
Dabur : Repositioning its `Real Activ'
Pantaloon Retail (India) Limited
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Online Shopping in India : Findings from a Consumer Research

-- T Sai Vijay and M S Balaji

Consumers, all over the world, are increasingly shifting from the crowded stores to the one-click online shopping format. However, in spite of the convenience offered, online shopping is far from being the most preferred form of shopping in India. A survey among 150 internet users, including both users and non-users of online shopping, was carried out to understand why some purchase online while others do not. The results suggest that convenience and saving of time drive Indian consumers to shop online; while security and privacy concerns dissuade them from doing so.

Virtual Socialization Services : Cyber Currency of the Future

-- K P Naachimuthu

In the current digital era, most of us are members of at least one online community for sharing information and common interests. This article talks about the exponential growth and business prospects of virtual social networking sites, the constructive uses of these virtual communities in various aspects of our life, and also the possible threats. Further, it tries to bring in various viewpoints about different forms of digital socialization and membership life cycle of virtual communities.

From Mass to Niche : The Changing Marketing Paradigm

-- Tripti P Dhote

The Indian middle class has always been a marketer's delight. While most marketing strategies have seemed to be spinning around them, catering to their basic needs had always been the primary focus. But not anymore! Marketers appear to have left their mass-oriented middle-class dreams behind and moved beyond conventional clichés in almost every aspect. Changing customer demographics and cultural shifts have led to this transformation of market dynamics. The marketer seems to have donned an all-new `avatar', experimenting with product as well as customer categories, all set to explore new niches.

Emerging Trends and Strategies in Tourism Marketing

-- T R Nagesh and Srikanta Kumar Padhi

Over the last few decades, tourism has evolved into a full-fledged industry. In many countries, tourism is the major driver of economic growth. It is considered to be one of the significant sectors of the economy for attracting investment and generating employment. Hence, reasons, efforts are being made by the governments, tourism boards and other stakeholders to promote tourism with the adoption of innovative strategies. This article highlights the issues and challenges faced by the tourism sector. It discusses the emerging trends in tourism marketing and focuses on some of the initiatives taken by India and Thailand to promote tourism.

Marketing to the Indian Rural Consumers

-- Annapurna M Y

Rural India offers a huge untapped potential for marketers. This article presents the facts and outlines the characteristics pertaining to the Indian rural market. It also focuses on the reasons for rural marketing being an attractive proposition. It delineates some of the initiatives taken by companies for reaching the Indian rural consumers.

The New Face of Unorganized Retailers in India : From Convenience to Category Killer

-- V Ramanathan

Traditionally, Indian retail can be traced back to weekly markets, melas and village fairs in the rural areas to kirana stores, public distribution outlets, khadi bhandars and cooperative stores in the urban areas. However, big format organized retail stores are expected to garner about 16-18% of the total retail market in the next five years. Due to the growth of organized retail outlets, the unorganized retailers are prompted to change their method of operation. This article describes and analyzes the new emerging face of unorganized retailers, and the strategies employed by them to meet the emerging competition.

Engineering Services Outsourcing : The New Frontier Market

-- A Lakshminarasimha and Yogeshvaran G

This article looks at the scenario of the Indian engineering services and explains the advantage that India has in this business space. A SWOT analysis is carried out to enable a deeper understanding of this sector. The article also attempts a projection into the future based on the opinions of leaders in this industry and provides a few pointers/key insights based on the same.

Dabur : Repositioning its `Real Activ'

-- K Shivale and Bharathi S Gopal

Dabur India Limited (DIL) is the fourth largest FMCG Company operating in India with a turnover of Rs. 21,113 mn during the year ending March 31, 2008. It operates under three major business categories namely Consumer Care Division, Consumer Healthcare Division and Foods Division (Dabur Foods Limited was merged with DIL in July 2007). Many of the company's products are based on traditional medicine - `ayurveda'. Dabur's flagship fruit juice brand - Real, launched in 1996, carved out a niche for itself amid mainstream players like Coca-Cola, Pepsi, Godrej, and Parle Agro by claiming to be the only fruit juice in packaged form that is 100% preservative free.

Pantaloon Retail (India) Limited

-- R Harish

The Future Group and its flagship company - Pantaloon Retail (India) Limited - needs no introduction. The many retail formats of Pantaloon Retail such as Pantaloon, Big Bazaar, Food Bazaar, Central, etc., are household names in India, and most of us have been customers of at least one of these stores some time or the other. However, the amazing array of companies, retail formats and brands belonging to the Future Group is not well-understood. Given this situation, this article provides a structured summarization of the companies and businesses of the Future Group, followed by a more detailed exposition of the retail formats and brands operated by Pantaloon Retail and its subsidiaries.

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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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