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3819 items in total found

Working Papers | 2016

Small Retailer's Merchandise Decision Making: A Grounded Theory Approach

Piyush Kumar Sinha, Hari Govind Mishra, and Surabhi Koul

This study is focused on small retail stores of Jammu province of J&K and examines the relationship between retailer's perceptions of the trading area and their assortment policy decisions and their reported performance levels for a FMCG product category. The study focuses on the external environment as well as internal environment of the small stores which affect the decision making of the assortment. Retailers keep a small range of assortments as market uncertainty is high. Moreover, the study focuses on the impact of store attributes on the assortment policies. This study controls for both store space and the store location factors. The impact of customer profile and the local market environment faced by small retailers is also analyzed as an important factor towards the assortment policy decision. A grounded theory based analysis was carried out. The analysis brought out four criteria used by the retailers in selecting products for their store based on the evaluation of the external and internal environment.

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Working Papers | 2016

A Practical Note on Predictive Analytics Usage in Marketing Applications

Arindam Banerjee and Tanushri Banerjee

Most Predictive Analytics discussions focus on methods that can be used for better quality prediction in a particular context. Realizing that the possibility of perfect prediction is a near impossibility, practitioners looking to support their futuristic initiatives wonder, what is a suitable model for their use.
In other words, if all prediction models are imperfect (have leakage) how much of this imperfection can be tolerated and yet better decisions can be taken with model output. This paper is an attempt to provide a simplified approach to this practical problem of evaluating model performance taking account of the decision context.
Two scenarios are discussed; a) a classification problem often used for profiling customers into segments and, b) a volume forecasting problem. In both cases, the leakage is defined (misclassification or uncertainty band) and their impact (adverse) on the subsequent decision is identified. Contextual dimensions that have an impact on the quality of the decision and the scope to alleviate the problem are also discussed.

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Working Papers | 2016

Factors Influencing Outcome Expectations and
Self-Efficacy in Driving Internet Use in Rural India

Rekha Jain

Past studies of individual Internet adoption and usage have been mostly empirical and in developed countries or in urban settings of developing countries. These have largely examined socio-economic factors such as age, earnings, education, in driving adoption and use. Several of the past studies were done at a time when the Internet was a novelty and was primarily considered as a source of information for enhancing knowledge. Over time, with developments in social media and ecommerce, Internet is considered an effective medium for social networking, enabling knowledge creation and exchange and enhancing economic benefits. Using theory of social capital and social cognition helps us to understand the drivers of Internet use from the perspective of outcome expectations and self-efficacy along the social, economic and knowledge dimensions. The primary research question is: What factors drive outcome expectations and self-efficacy in Internet use?

Our study is based on a survey in two rural areas (Ranchi, Jharkhand, India) and (Guna, Madhaya Pradesh, India). We used theory to develop a survey instrument on Internet users for understanding the drivers of Internet use based on outcome expectations and self-efficacy. We used data from the Principal Component Analysis (PCA) done previously, to identify the latent constructs as measures of outcome expectations and self-efficacy (Jain, 2016). Using ANOVA, the current study identified the differential across Age, Occupation, Digital Literacy, Earning, and Education on dimensions uncovered by PCA and related the findings to the rural context in a developing country.

The PCA revealed three dimensions that were labelled as 'Empowerment', 'Enhanced Scope of Work' and 'Transaction Efficacy'. There are statistically significant differences across those who are at different levels of Digital Literacy and Earnings and for 'Transactional Efficacy', in the two groups identified by type of Occupation as 'Business' and 'Others'. Along the other two dimensions of 'Empowerment' and 'Enhanced Scope of Work', there is no statistically significant difference across these two categories of Occupation. Further, there are no statistically significant differences across different categories of Age and Education.

Our results indicate that while a basic level of education may determine whether a user adopts Internet, once the user starts using the Internet with a goal orientation in terms of outcome expectations and self-efficacy, 'Education' level does not matter. A similar logic applies to 'Age'.

Since digitally literate users tend to have positive outcome expectations from Internet use, they may benefit far more than those who are not Digitally Literate. Therefore, public policy must not only focus on increasing Internet availability specifically in rural areas, there must be programs for increasing digital literacy as well. Without such support programs, Internet use outcomes would exclude those who are not as digitally literate. Since Internet is increasingly becoming the vehicle for economic growth, such exclusions could slow inclusive growth.

Those with higher incomes had possibly higher levels of negative disconfirmations with Internet use than those with lower incomes. A similar logic applies for the 'Transactional Efficacy' component in the 'Occupation' category. The study identifies the possible drivers for the disconfirmations.

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Working Papers | 2016

Measuring the Perceived Impact of Internet on
Individuals in Rural India

Rekha Jain

Internet has greatly influenced the way individuals socialize, create and exploit economic opportunities and knowledge resources. However, previous studies on assessment of impact have largely been empirical and limited to examining the factors influencing adoption and usage of Internet only from a social and economic perspective. These have not considered the role of knowledge enhancement and exchange. In addition, few studies measure impact in an integrated manner and are based on theory. Consequently, the constituent dimensions of impact, their inter-relationships and their intensity have not been articulated.

To develop a construct for measuring impact of Internet use, we have used two theoretical and complementary domains: Social Capital and Social Cognitive Theory. Since Internet is considered a network for social exchanges, a study of Perceived Impact of Internet would need to take into account the aspect of social capital consequent to adoption and usage of Internet. On another dimension, usage of Internet could lead to increase in economic capital due to enhanced opportunities for business or profession. Internet is also a source of knowledge that could enhance economic or social benefits by creating opportunities for businesses or professional growth. Thus what constitutes impact is a complex construct broadly manifested along social, economic and knowledge dimensions. Further, most studies of Internet impact have not examined the role of outcome expectations and self-efficacy, two important constructs from theory of Social Cognition, in driving Internet use.

Our study is driven by the need to develop a theoretical model for measuring impact by identifying the underlying dimensions that constitute impact and creating a construct for measuring the same. Lack of studies of impact of Internet in developing countries, especially in rural areas was another driver.

We have used a survey based instrument administered to Internet users covering two of the poorer districts in Jharkhand, and Madhya Pradesh, India. Principal Component Analysis was used to identify the latent perceptual dimensions that constitute impact. Subsequently, we used linear regression to posit the strengths of each identified dimension in contributing to Perceived Impact.

The model highlights the importance of using Internet for overcoming vulnerabilities in a rural context, negative disconfirmation with respect to having Enhanced Scope of Work through Internet use and social context of knowledge creation and cognition. The negative disconfirmation could be attributed to possibly low self-efficacy or not completely fulfilled outcome expectations from available services. Lack of content in local language, poor presence of local websites, low presence of associates and partners on the Internet, and inadequate quality of Internet connectivity contribute to this.

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Working Papers | 2016

Is Conspicuous Consumption of Business Leaders Justified and Morally Defensible?

Shaheen Borna and Dheeraj Sharma

In this paper, we first discuss the concept of conspicuous consumption of the business leaders. Next, we argue that the conspicuous consumption of corporate leaders can be justified from economics, marketing, and philosophical perspectives. Further, we present a religious perspective in order to provide a contrasting view of morality of conspicuous consumption. Lastly, we discuss the societal implications of the conspicuous consumption of business leaders. The study uses conceptual approach to justify the Conspicuous Consumption of Business Leaders. The study draws some useful managerial implications about the ethicality of how people perceive about the actions performed by business leaders from ancient examples and theories.

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Working Papers | 2016

Pricing For Ecommerce in Emerging Economies

Sudipta Mandal and Dheeraj Sharma

With the increasing use of the internet and the subsequent greater avenues for information search, consumers have shifted from being mere "price takers" to "price determiners", either explicitly or implicitly. Consumers are constantly assessing the prices charged for products based on information available from different communication channels (e.g., advertising), social networks (e.g., friends, relatives and acquaintances), prior purchasing experience, point of purchase, online resources (e.g., Facebook, Twitter) and other sources. Emerging markets are economies that are experiencing rapid growth in their GDP, total household income and industrialization. According to IMF estimates, emerging economies are expected to grow two to three times faster than developed economies and this becomes all the more important because what this means is that corporate revenues have the potential to grow faster when economic growth is higher. Also, emerging markets have less efficient markets where due to information asymmetry, information is not as readily available and the potential for earning higher returns is greater than that of developed nations. The objective of this chapter is to dig deeper into and get a comprehensive understanding of the strategies involved in pricing of products and services in the context of an e-commerce environment in emerging economies. We shed light on the complexities of the changing environment followed by how consumer psychology and pricing strategies are closely interlinked. The chapter concludes by looking at some instruments through which pricing strategies may be implemented, pricing of services and a real life case study revolving around the principles of strategic pricing.

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Working Papers | 2016

Open Access Temptations: Buyer Beware

Vineet Virmani

Backlash against "megapublishers" which began in mathematics a decade ago has led to an exponential growth in open access journals. Their increasing numbers and popularity notwithstanding, there is evidence that not all open access journals are legitimate. The nature of the "gold open access" business model and increasing prevalence of "publish or perish" culture in academia has given rise to a dark under-belly in the world of scientific publishing which feeds off academics' professional needs. Many such "predatory" publishers and journals not only seem to originate out of India but also seem to have been patronized by academics in the country. This article is a cautionary note to early-career academics and administrators in India to be wary of this "wild west" of the internet and exercise discretion when considering/evaluating open-access journals for scholarly contributions.

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Working Papers | 2016

An Exploratory Investigation of Impact of Perceived Cannibalization on Salesperson's Trust, Commitment, Job Satisfaction, Job Performance and Relational Capital

Dheeraj Sharma

With the increasing ubiquity of the Internet, organizations are using the Internet channel to increase overall performance, consolidate existing markets, and expand into new markets. The literature, however, contends that the overarching benefits realized through the Internet oftentimes come at the expense of perceived job insecurity among individuals in the organization. This study explores perceptions of sales agents that develop because of the potential for the Internet to cannibalize their business and jeopardize relationships and their jobs. Results suggest that sales agents' perception of cannibalization negatively influences their trust and commitment. Furthermore, environmental munificence moderates the influence of PC on trust and commitment. Additionally, Trust and Commitment mediate the impact of PC on Relational Capital, Job Satisfaction and Job Performance of a salesperson.

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Working Papers | 2016

Marketing Channels for E-commerce in Emerging Markets

Ankur Kapoor and Dheeraj Sharma

This work intends to sensitize the readers about the importance and relevance of making right channel strategy for e-commerce businesses, especially in emerging markets. We have tried to provide the guidelines by motivating established theoretical strategic models, which have been time tested for their applicability, and relating them to how prudent decisions about channel members can be made for ensuring better business results. Evaluating the strategy through lenses of transaction costs, power dynamics and conflict or relationship marketing perspective provides an holistic thinking process to approach the common dilemmas, like to contract or internally organize or drafting the mutual expectations etc., and make thoughtful and informed decisions, rather than going with market norms of what is the trend about such practices. However, it is important to integrate such channel decisions with overall strategy of the e-commerce business, so that it flows from key strategic direction and is aligned with strategies of product, pricing, communication etc. If the alignment between the strategies is missing, even a good individual functional strategy may not work in optimum manner.

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Working Papers | 2016

Consumers' Expectations of Sales Events: How satisfied are consumer with shopping during sales events?

Shaheen Borna and Dheeraj Sharma

Past researchers have examined the influence of sales events on multitude of variables. However, there is no study which specifically examines the influence of sales events on consumer participation in sales events and their expectations from the sales events. In this study, we examine the relationship between consumers' participation in a given sales event and their expectations of savings from that event in North American context. Research findings indicate that only 11 sales events have a high realization rate of expected savings. Based on research findings, we proffer several recommendations for the retail managers.

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