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DRIVE- Fall 2014

PROGRAM/SEMESTER- MBADS (SEM 4/SEM 6) MBAFLEX/ MBAN2 (SEM 4) PGDMMN (SEM 2)

SUBJECT CODE & NAME- ML0015-Services Marketing and Customer RelationshipManagement

Q1. “Positioning a service in the marketplace is much like positioning a product”. Explain Service positioning and its purpose with the help of an example.

(Explanation of service positioning-2, Explanation of purposes-6, Example-2) 10 marks

ANS:Service positioning: To position a service, you need to carry on customer research program. This program helps you to identify what newspapers and magazines your customers are reading. It will tell you where the customers get their information from. And it should tell you which media they are using for information about any service. Your market targeting survey and customer research will help to choose a proper media that is best for reaching your customers.

Q2. Elaborate GAP analysis in detail.(Explanation of GAP Model)ANS: GAP Model and GAP analysis: A gap analysis helps bridge that space by highlighting which requirements are being met and which are not. The tool provides a foundation for measuring the investment of time, money and human resources that's required to achieve a particular outcome. The gaps model was first introduced in the year 1985 and it provides an excellent structure to manage service excellence and customer-driven innovation. This model offers an incorporated view of the relationship between the customer and the company. This model is based

Q3. “Interaction plays a lead role in building customer relationships”. Explain CIM in this context.(Explanation of CIM, Explanation of Methods) 10 marksANS:

Customer Interaction Management Customer Interaction Management constitutes the customer relationship technologies with addition of technology-based interactive solution. The interactive channels that are currently available enable very effective customer interactive communications which leads to customer interaction management, which is an important dimension of customer relationship management. A management system is required to manage this relationship between the

Q4. What are the various types of conflicts in marketing services?(Explanation of types) 10 marksANS: Types of conflictsThere are five different conflicts given below. There are certain occasions when these modes need to be used or applicable. Let us briefly explain those situations and the behavioural aspects that need to be possessed by the marketing personnel while dealing with the customers.

Q5. Elaborate the important steps that service providers should bear in mind while implementing one to one marketing. (Explanation) 10 marks

ANS:

The mechanics of one-to-one marketing are complex. It is one thing to train the sales staff to be warm and attentive, and quite another to identify, track and interact with an individual customer and then reconfigure product or service to meet that customer’s needs. One-to-one marketing involves gearing the organization to deal with valuable customers on an individual basis. This is not unattainable, but the effort should be worth the benefits that accrue. One-to-one or relationship marketing means being able and willing to change one’s behaviour towards individual customer based on what the customer tells the company and what else the company knows about that customer.

Q6. Write short notes on: a) E-CRM b) Customer Retention(Meaning, opportunities and benefits-5, Meaning and Strategies-5) 10 marks

ANS: a)

E-CRMA review of organisational mission/vision statements suggests that e-CRM companies are generally positioning themselves as exemplars of customer satisfaction provision and relationship management. However, recent industry analysis suggests that their organisational customers generally report low to ambivalent ratings on customer satisfaction measures (our study also supports these findings). This discrepancy could be partly attributed to very little empirical inquiry having appeared to date to assess the

efficacy of existing relationship marketing theories within this fast-moving industry. The current study provides an exploratory investigation that looks at the well-

DRIVE- Fall 2014

PROGRAM- MBADS (SEM 4/SEM 6) MBAFLEX/ MBA (SEM 4) PGDMMN (SEM 2)

SUBJECT CODE & NAME- ML0016- Advertising Management and Sales Promotion

BK ID- B1809

CREDIT & MARKS- 4 Credits, 60 marks

Q.1: Discuss the DAGMAR approach in setting objectives and measuring effectiveness of

advertising.

Meaning of DAGMAR approach (2 Marks)

Explanation of DAGMAR approach (8 Marks)

ANS:

Meaning of DAGMAR approach:

DAGMAR is an acronym: Defining Advertising Goals for Measured Advertising Results. The approach

involves setting specific, measurable objectives for a campaign to determine if specific objectives were

met. Specifically, DAGMAR seeks to communicate a specific message through four steps: Awareness,

Comprehension, Conviction, and Action

Q.2: What is Gestalt psychology? Explain with examples how it resembles the way a person fits in

the advertising message with his/her existing knowledge.

Discussion about Gestalt psychology (3 Marks)

Explanation(7 Marks)

ANS:

Discussion about Gestalt psychology:

The German word Gestalt means a whole, or a configuration, where the whole is more than its individual

parts. A person has an inner map he has developed over a lifetime and he wants to keep it simple,

familiar, functional and consistent.

Q.3: Advertising is a paid form of communication. It has gained its significance since it attempts to

build a positive attitude towards a product. Explain the characteristics and objectives of

advertising.

Definition of advertising (2 Marks)

Characteristics (4 Marks)

Objectives (4 Marks)

ANS:

Definition of advertising:

Advertising is rather an informal word that comprises an immense number of activities. It can be anything

from jokes and cartoons on the coasters and placemats on a bar table which just has a famous alcoholic

beverage manufacturer’s name and logo in one corner.

Q.4: What is “above the line” and “below the line” activities with respect to marketing

communications? Explain the concept in detail.

Define media(2 Marks)

Explanation of the concepts(8 Marks)

ANS:

Define media:

The commercial world uses the word ‘media’ as a collective term to present its services to its specific

target group. There are a number of mediathat make message delivery far more focused and effective.

More innovative use of newspaper space, interactive media, electronic hoarding with moving messages,

Internet, direct marketing, are only some of them.

Q.5: Describe the AIDA model of consumer response hierarchy with the help of diagram.

Explanation of AIDA model(8 Marks)

Diagram(2 Marks)

ANS:

Explanation of AIDA model:

AIDA stands for attention, interest, desire, and action. The AIDA model can be used by organizations to

guide marketers to target a market effectively.The AIDA model is an approach used by advertisers to

describe the different phases of consumer engagement with an advertisement.. AIDA is a historical

Q.6: Describe some of the strategies for effective marketing and advertising in rural market.

Discuss the nature of rural market(2 Marks)

Strategies(8 Marks)

ANS:

Discuss the nature of rural market:

Rural market requires deep understanding of rural emotions, aspirations, needs and greeds, which are

different from the urban psyche.Rural marketing environment is different, just as the rural psychology is

and this challenge needs to be addressed and treated with respect.

DRIVE-Fall 2014

PROGRAM/SEMESTER- MBADS (SEM 4/SEM 6)

MBAFLEX/ MBAN2 (SEM 4)

PGDROMN (SEM 2)

SUBJECT CODE & NAME-ML0018-Project Management in Retail

BK ID-B 1844

CREDIT & MARKS- 4 Credits, 60 marks

Q.1. Explain Sensitivity Analysis and the ways in which it is carried out (Explanation of sensitivity

analysis, Explanation of four ways) 2, 8

ANS:

Sensitivity analysis

As the term clearly indicates, sensitivity analysis is a technique in which the sensitivity of profit (or net

present value or internal rate of return) to the change in one particular project-variable is studied. The

philosophy that ‘only a few factors may warrant management attention’, is embedded in the sensitivity

analysis. The vital few have to be identified, as they finally matter for the success of the pr

Q.2. Explain Detailed Project Report and Critical areas of concern for a successful retail store.

(Explanation of Detailed project report, Explanation of critical areas) 2, 8

ANS:

Detailed Project Report (DPR)

Detailed Project Report (DPR) is a project implementation guide for the project team. A detailed project

is prepared in several large volumes. The contents of a detailed project report include some major

information like:

Q.3. Describe the steps involved in Network Planning Techniques. 10

ANS:

Steps Involved in Network Planning Techniques

Some steps must be followed for the preparation of a network diagram or critical path model and their

application in retail project management decisions. Without distinguishing the network diagram and

critical path, these steps can be listed as follows:

Q.4. Every team member has a different attitude towards work which leads to chances of conflict”.

Explain the treatments used to overcome the conflict in projects in retail. (Reasons for conflict in a

team, Explanation of Methods/Treatments) 2, 8

ANS:

Reasons for conflict in a team

Project teams are generally made by pooling in talents from different departments from the organization

or by appointing outside experts or both. In such scenario, the team members come together for a specific

task for a short period of time and may also be handling dual responsibilities. The team members are

aware that they are pooled in for special purpose considering their expertise or special skills that is helpful

for the completion of the project. Hence, every team member has a

Q.5. “New ideas are fuel to any organization process”. Explain the Judgmental process in the light

of the above statement. (Meaning, Components) 1,9

ANS:

Judgemental Process

New ideas are fuel to any organization. Especially in retail, where the whole business is market driven,

constant inflow of new ideas to improve upon the existing systems are most desired. Project ideas first

pass through a brainstorming process. This is a judgmental process, where all those who participate in

brainstorming would rely on their own knowledge and perception

Q.6. Write short notes on: a) Gantt Chart b) Fishbone Diagrams 5, 5

ANS:

a) Gantt Chart

Gantt Charts (also known as Gantt Diagrams) are useful tools for analysing and planning more complex

projects. They: