Volume XXXVI • Number 3 •March  2006

Marketing Success through Holistic Branding

A brand is a claim of distinction. A claim of distinction helps a brand stand out of clutter and provides the customer a clear reason to choose the brand over the competitor’s offerings. Brand building is a costly exercise. In a survey of marketing executives, 85% were indicative of the fact that marketing efforts fail because marketing department is the only group behind all the initiatives and efforts. This has to be replaced by a holistic solution for brand development, i.e. every individual throughout the organization needs to be on- board in an exercise of such magnanimity. This claim of distinction should be generously supported in every aspect of, and interaction with your brand.

Prof.Makarand Upadhyaya
Senior Faculty-Marketing
ICFAI Business School
Jaipur,Rajasthan
 

Prof.Swati Soni
Faculty Member
IILM Academy of Higher Learning
Jaipur,Rajasthan
 

Marketing of Amway Products-A Study with Reference to Madurai City in Tamil Nadu

The objective of modern marketing is to make profits through satisfying consumers’ needs and wants. Hence, the marketers have to understand the real needs, wants, beliefs and attitudes of the consumers towards their products and services. Today, network marketing is a multi-billion dollar business. A number of companies have adopted this business model. It has grown into one of the driving forces of the 21st century economy. Network marketing is now regarded by many business leaders as the business for future. But this marketing method was misunderstood as a get-rich-quick scheme. It is also too common for network marketers worldwide to answer the legality and soundness of their business.

Dr. R.Kanthakrishnan
Faculty of Commerce
Madurai Kamaraj University
Madurai,Tamil Nadu
 

The Weber's Law Implementation-The Fire and the Misfire

The idea that people cannot always distinguish between two stimuli has marketing implications. The minimal difference that can be noticeable between two similar stimuli is known as the Differential Threshold or the Just Noticeable Difference (JND). Discovered by a 19th century German Scientist, E.H. Weber, the relationship between the size of the JND and intensity of the stimulus has come to be known as Weber’s Law.

T.Frank Sunil Justus
Faculty Member
Department of Business Administration
Annamalai University
Tamil Nadu

S.Sheikh Shadullah
K.Najimudeen
MBA Students-Final Year
Annamalai University
Tamil Nadu

Market Survey of Shrimp Feed in Gujarat

Cultured shrimps contribute significantly to the total shrimp exports from India. East coast states of India are well developed and organize states in shrimp cultured whereas, West coast states are emerging in this field. A study was performed in Gujarat with objectives of market research and developing a strategy for market entry of shrimp feed in the state. Data was collected from secondary sources and with help of a questionnaire. Out of 14 coastal districts of Gujarat; Valsad, Navasari, Surat and Bahruch were selected for study. It was found from study that total feed requirement of Gujarat is 4000 ton; most of the farmers prefer feed on credit. Dealers give credit according to financial status and repayment capacity of farmers. Giving credit to farmers also depends upon the relation between farmers and dealers. Farmers usually don’t change their feed brand unless they suffer very big loss of crop. Farmers believe that composition of different brands is same, but good management practices are needed. Farmers also seek good services and technical support from feed companies. Dealers play main role in creating market of aquafeed because of being in the direct contacts with the farmers.

Mr.Sujeet Rajak
Ph.D Scholar(Fisheries Management)
Central Institute of Fisheries Education
Indian Council of Agricultural Research
Mumbai

Dr.Arpita Sharma(Sr.Scientist)
Dr.Ananthan P.S.(Scientist)
Central Institute of Fisheries Education
Indian Council of Agricultural Research
Mumbai

Indian Capital Markets- A Road Ahead

The financial system of any country serves as a link to the savings of households with the investment objectives of firms, and plays a pivotal role in the allocation of economic resources among the surplus spending units and the deficit spending units. Capital markets serves as a link between the investors and the industry.  Capital markets survive on information, which is made available through research and is reflected on the prices of shares.  So, for a capital market to function efficiently, it is necessary that the information mechanism be in place.  The current state of the India Capital Market is vibrant and very attractive to large number of foreign investors.  The performance of the capital market in terms of number of transactions and volume of trade is quite impressive.  We see the stock index values rising, and flow of funds from FII’s increasing.  If we look at the profile of the investors investing in the markets, only a small proportion of retail investors are investing in the market.  Majority of the investors still shy away from the market perceiving equity shares as risky investments.  It is the role of the regulatory body of our country to restore confidence in the minds of the investors and induce them to invest in the Securities Market.  This article looks into the current issues facing the Indian Capital Market and tries to analyze the prospect of the emerging Indian Capital market in the days to come.  The article also tries to highlight the role played by SEBI in the development of the Indian Capital Market.

Ms.M.V.Subha
Senior Lecturer
Guruvayurappan Institute of Management
Coimbatore,Tamil Nadu
Email :gim@vsnl.com

Data Mining- An Emerging Technique For Customer Relationship Management (CRM)

Information technology has grown in various directions in the recent years. One natural evolutionary path has been the development of the database industry and its functionalities. Data collection, Data creation, Data Management (including its storage and retrieval, database transaction processing )and data analysis and data understanding has been the way in which it has progressed so far.

Devendra Arora
Sr.Lecturer
BLS Institute of Management
GGSIP University
Ghaziabad,Uttar Pradesh

Loveleen Gaur
Lecturer
BLS Institute of Management
GGSIP University
Ghaziabad,Uttar Pradesh

Marketing Customer Information File (MCIF): A Powerful Tool for Banks

With the growing focus on retail business to attract customers and tackle competition, the need for setting up a well-knit marketing function has become crucial for banks. MCIF basically constitutes one of the functions of marketing that provide a strong stimulus to marketing of products and services. It can profile the customer base and assign profitability to accounts, product types, relationships, branches, regions, line divisions and even individual officer’s portfolios. In addition, it can predict seasonal buying habits, identify which customers are most likely to purchase additional product and services, help identify new branch locations, analyze re-pricing and new product opportunities, and much more.

Ashvine Kumar Sharma
Reader
SBMIMSAR
Rohtak,Haryana
Email :ashvinesharma@rediffmail.com

Shafali Nagpal
Sr.Lecturer
SBMIMSAR
Rohtak,Haryana
Email :shafalinagpal@indiatimes.com

Customers' Attitude Towards Cellphone in Communication System

Communication plays an indispensable role in promoting effective, social, economic, political and personal developments.  Cellular telephone services have achieved great commercial success, because the users recognize that mobile telephone access can improve productivity and enhance safety.  Increase in demand and the poor quality of existing telecommunication services led mobile service providers to find out ways to improve the quality of service and to support more users in their systems.    The present study has been made to identify the customers’ attitude towards cellphone services in communication system. Many private service providers have entered in this line, which has brought heavy competition in the market.  Hence, it is necessary to find out the customers’ attitude in communication services, which could be useful to formulate new strategies, policies and market the communication services in a better way.  The data was collected from 300 respondents to find out the reasons for choosing the cellphone service, viz., prepaid/postpaid scheme, and landline connection/disconnection, knowledge about the facilities of cellphone, SMS, changing service providers and its position.  The level of satisfaction of customers in communication services have also been measured and analysed.  The survey indicates that the customers are satisfied with the services and there exists some problems, which deserve the attention of the cellphone service providers.

Dr.(Mrs) S.Banumathy
Reader & Head

Department of Commerce
V.V.Vanniaperumal College for Women
Virudhunagar,Tamil Nadu

S.Kalaivani
M.Phil Scholar
Department of Commerce
V.V.Vanniaperumal College for Women
Virudhunagar,Tamil Nadu

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Copyright © 2006 • Associated Management Consultants (P) Ltd.