A Cognitive 'Just' Brand Model: How Sustainable Is It?
This study is based upon the analysis of framework
represented through a model of cognitive justice. It analyses the model
in the context of ICT, e-microfinance and try to draw the argument upon
its sustainability. The study is an attempt to analyse the concepts of
consumer justice, its relationship with the marketing and finally how
relevant these concepts are in the changing environment of technology.
Here the methodology used is analysis of available literature and
scenario building analysis. The analysis indicates how ICT (Information
and Communication Technology) could utilize e-microfinance to enable
farmers in all possible ways to produce and deliver goods through
community participation. Scenario analysis reflect upon corporate and
community relationship and analyze viable business options. It is
inferred from analysis that e-microfinance leads to cognitive justice
for farmers and business sustainability for corporations as well.
Sandip Anand
Assistant Professor
Xavier Institute of Management Bhubaneswar
Towards Achieving A 'Second Green Revolution'- The Role of Radiation
Technology in Food Processing Management
Technology is the mainstay of modern
industry and trade. The pace of globalization of trade and commerce in
today’s world is determined by emerging technologies in every area of
business. Of these, the eco-friendly technologies are gaining ground as
environmental pollution stands as the biggest threat to the survival of
mankind. Radiation technology is an emerging technology that comes under
the banner ‘radiation for peaceful purposes’. It has a wide range of
applications in the areas of Health & Hygiene, Medicine,
Pharmaceuticals, Agriculture etc. This paper discusses the application
of radiation technology to the processing of food so as to improve
post-harvest storage facilities & hygiene and pave way for
processed-food.
Reality Shows on Indian television have
become the latest craze. They are fast replacing the daily soaps as
‘number one’ in terms of popularity. The high TRPs for these shows have
made them a must for almost every channel;who in turn are airing one or
the other kind of such shows. There have been both bouquets and
brickbats for such type of shows but surprisingly even controversy has
contributed to their popularity.Marketers have been quick to cash-in on
the popularity of these shows. The reality shows in India have opened
floodgates for the marketers. Everyone is making a lot of money and no
one seems to be complaining. And why not! After all it is giving gains
to everyone. But popularity of these shows doesn’t appear to be the only
reason as to why marketers are preferring reality shows to be their new
marketing tool.This paper attempts to study some of the very obvious
reasons why marketers find reality shows very attractive marketing
vehicle. Initially it also tries to find out the reasons for the
high-popularity of reality-shows and also look at some examples where
marketers have gained heavily because of such shows.
Dr.Debashish Sengupta
Associate Professor
Alliance Business School Bangalore dev104@rediffmail.com
Baba Ramdev: A Cult Brand in the Making
Creating a powerful brand that has
innumerable loyal followers is a marketer’s dream come true. The benefit
of having these legendry Brands have one common unique feature is that
they have the capability to transform their customers into brand
evangelists. A devoted fan base that are so emotionally connected with
the brand that they it becomes a cult or religion for them. In the book
“The Power of Cult Branding”, Matthew W Ragas and Bolivar J Bueno, the
authors have identified seven golden rules which the cult brands seem to
follow. This study uses the same rules to explore the possibility of
Baba Ramdev creating a cult for him. As of now, we observe that he has
been successful in establishing a lasting poignant relationship with his
customers, and all his followers are passionate about him and are
fanatically following him. The various findings depict the fact that
though unproven till date but is definitely not a ‘fad’ and has the
capability of making a ‘cult’ for himself.
Mrinalini Pandey
Lecturer
Department of Management Studies
Indian School of Mines
Dhanbad,Jharkhand mrinal_nalini@yahoo.co.in
A New Inventory Model for Maintenance Organizations
The concept of Economic ordering quantity is
generally employed by Public /Private sector undertakings and Govt.
organizations, trying to balance the opposing costs of Inventory
carrying costs and ordering costs. This is a simplistic method, which
does not directly take into account the month-wise
consumption/utilization trends of spare parts used. This article focuses
on a “New Inventory Model” based upon actual consumption trends of
materials / spares in the immediate past and the ideal maintenance
requirements of spares in a year for ensuring trouble-free service of
machinery and plant for achieving zero defects / breakdowns. The
month-wise fluctuations in drawals / utilizations are translated into a
vision by introducing utilization ratio as ratio between the maximum and
minimum of actual utilization during the year. Similar to growth of
population, the procurement coefficient is arrived at as a geometric
mean between theory and simulated practice, with utilization ratio as
the common ratio. Finally Revised Annual Procurement (RAP) is found out
by making use of this information. The new Inventory Model (NIM) is easy
to understand, since it is based on ground realities and is amenable for
computerization.
N.V.Ramana Murthy
Associate Professor
JBIET School of Management
Hyderabad nvr2643@hotmail.com
Promotion Related Preferences of News Channel Audiences in Indore and
Dehradun - A Comparative Study
Promotion is one of the critical elements of
marketing mix of a news channel. Promotion (broadcast) refers to a
channel’s efforts to promote itself to advertisers (for revenue) and
audience (for revenues and getting high TRPs). Promotion can be on air
or off air. Promotion includes advertisements, public relations, sales
promotion, publicity, and events. A network/channel informs its
audiences of new channel/programs, events, change in time schedules and
so on through promotion tools only. A channel can provide sampling of
the product also with the help of promotion tools (e.g. trailers/promos
on the channel or its website). This background has led the investigator
to study the promotion preferences of Indore and Dehradun audiences for
Hindi and English news channels. A set of 500 viewers from both the
cities (250 each) participated in the study. The viewer response to
advertisements, tickers (in general and for various types), and awards
has been analysed. The preferences of both sets of audiences are
compared and similarities/differences have been presented. The findings
of the study have revealed that promotion related aspects play a key
role in influencing audience preferences. Based on the findings various
recommendations have been made to news channels so as to improve
viewership by understanding the audience likings and tastes.
Dr.Anand Sapre Director Faculty of
Management Studies Acropolis Institute of Technology and Research,
Indore
Amit Nagpal
Faculty
Sri Aurobindo Institute of Mass
Communication, New Delhi amitknagpal@gmail.com
Consumers' Perception of Private Brands: An Empirical
Examination
The current Indian economy is witnessing the
emergence of organized retail. It is growing at a faster pace and is
expected to reach 10 % from the current 4 % of the total retail
business. Retailers are expanding through variety of formats like
supermarkets, convenience stores, hypermarkets, discount stores,
specialty stores, and department stores. Many domestic business houses
have entered this sector with ambitious plans. With the new FDI regime,
foreign players are incisive of Indian partners to grab the potential of
retail market in India. As competition is becoming stiff, retailers are
working on new strategies to sustain in the market. One such strategy
being private branding adopted by most of the retailers. Private brands
are the most successful corporate brands in the world. Private branding
is one of the strategic decisions of most retail organizations in recent
years. They are either manufactured by the retailer or bought directly
form the manufacturer, avoiding the intermediaries. Hence retailers have
control over the marketing mix elements.
Prof.Shilpa S. Kokatnur
Faculty Member
ICFAI National College
Bangalore kshilpa7@gmail.com
E-marketing Methods and Application For Successful
Marketing in Global Marketing Scenario
There has been rapid penetration of Internet
in India in recent years and Internet users are growing many fold.
According to Internet and Mobile Association of India, there were close
to 60 million internet users in the country. As media clutter and
segmentation become more, the rule than the exception along with growing
youth brigade of Indian consumers ‘E-marketing’ is gaining prominence
among marketers and ad agencies.