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MRF TYRES
Introduction
About Company
Title: Public
Founded : 1949(chennai)
Headquarters : Chennai, India
Industry : Manufacturing
Products : Car tyres, Motorcycle tyres
History
MRF Ltd. India‟s largest manufacturer of automotive tyres and tubes, as
incorporated as private limited company in1960 to take over the business of a
partnership firm called the Madras Rubber Factory, started by late Sri. K. M Mammen
Mapillai. The company was converted into public limited company in April 1961. MRF
entered tyre manufacturing in 1962 through a technical collaboration with
Mansfield, USA. Over the years, the company has established its own R&D center
and currently functions independently.
Present
It is also involved in a range of other activities via subsidiaries. Funskool India, a Joint
venture between Hasbro and MRF, is a major toy manufacturing company in the
country. MF Pretreads offers world class precured tyre retreading service, and MRF
Muscleflex is involved in making conveyor belts. It is presently under the leadership
of Vinoo Mammen, son of the late K.M. Mammen Mappillai
Mr. Arun Mammen - Managing Director of the Company w.e.f April 1, 2004.
Other Activities
MRF has been involved in the development of cricket through its sponsorship of
many cricketers and MRF Pace Foundation. At one point of time, MRF was the bat
sponsor of world-class batsmen including Brian Lara, Sachin Tendulkar and Australian
captain Steve Waugh.
Sachin now uses Adidas bats, and MRF are currently sponsoring Gautam Gambhir
and Rohit sharma two other members of the Indian cricket team.
Recent Forays
tested to weather the toughest conditions on any road. With more than 85 tyre
variants, MRF holds the highest market share of 22% in terms of sales volume in the
tyre industry.
MRF also manufacturers its MUSCLEFLEX brand of conveyor belting at
one of the most at the most advanced “ State of the Art”, facilities in
India.
MRF pretreads is yet another innovation from MRF industries which is
the most advanced procured retreading system in India.
Become the first domestic company to venture into the niche area of
developing and manufacturing of aviation tyres branded “ Aero Muscle”
for helicopters and aircrafts which targeted the defense sector
Competitors
Apollo tyres
JK tyre and Ind
Ceat
TVS Srichakra
Strength
Established Brandname (key in the replacement Market)
Extensive distribution network.
Good R&D initiative
Weakness
Cost pressure
Pricing pressure
High Capital Intensive
Dealer Relations
MRF has aggressively pursued a PULL Marketing Strategy
to sell its tyres.
In a pull strategy the manufacturer uses advertising, promotion
and other forms of communication to induce the consumers to
demand the product from the dealers.
MRF therefore almost exclusively concentrates onBrand
awareness exercises, such as advertisements and
endorsements.
Compared to other tyre manufacturer, MRF pays a little attention
to incentivizing the dealers.
Yet dealer are motivated to stock MRF tyres simply because they have
high brand retail recall and so the customer demands it.
Collaborations
MRF had collaborated with automobile OEM‟s who source their tyres
from MRF India are:-
Maruti
Mahindra and Mahindra
Tata Motors
General Motors
MEANING AND SIGNIFICANCE OF PERCEPTION
Often confusion arises over the relationship between sensation and perception.
Behavioral theorists believe that individuals interpret situations based upon their
senses and stimulation and that this was how they gained knowledge of the world.
Individuals use their sensory organs to sense – for instance, eyes to see, ears to hear,
skin to feel, nose to smell, and tongue to taste. Therefore,sensation is the basic
behavior of individuals caused by their physiological functions.
Perception, on the other hand, involves people’s assimilation of raw data through
their senses, after which they organize and modify the data with the help of cognitive
thinking to form a coherent picture of the situation.
Sub-processes of Perception
SUB-PROCESSES OF PERCEPTION
PERCEPTUAL SELECTIVITY
People are constantly exposed to various stimuli. However, sometimes the stimuli
may be so
understated that they may not even be aware of it. Individuals are prone to select
only a few
stimuli at a given time. For instance, while reading the newspaper, individuals who
are interested in
movies might read only the supplementary containing movie news. Perceptual
selectivity is further
dependent on factors such as external attention factors and internal set factors.
External Attention Factors
The external attention factors are:
Intensity
According to this principle, the intensity of the external stimulus decides the
probability of its being
perceived. For instance, a bright light is more likely to be noticed than a dim one.
Size
According to this principle, a large object is more likely to be noticed than a smaller
one. For
instance, a big super market is more easily noticed than a small grocery store.
Contrast
According to this principle, a stimulus that stands out against the expectations of
people is bound to
attract more attention. For instance, employees working at airports get so used to
the noise that
they may not notice the sounds made during the take off and landing of planes.
However, if on any
day there is some reduction in air traffic, they will notice the reduction in noise level.
Figure 9.2
represents the contrast principle.
Repetition
Motion
This principle states that individuals notice objects that are in motion more than
those that are
stationary.
The Perceiver
People’s personal characteristics play an important role in the way they perceive
situations, events,
objects, people, etc. The various personal characteristics can be a person’s motives,
attitudes, past
experiences, interests, and expectations.
Those who have a positive attitude toward a particular thing or situation might view
it in a
completely different way from people having a negative attitude toward it. Studies
conducted in the
field of OB have also shown that people’s perception is greatly influenced by their
unfulfilled goals
and needs.
It has been observed that people who are engrossed by their personal problems
might not be able
to concentrate on their work properly. This shows that personal interests of
individuals also have an
impact on perceptions.
People’s perceptions might also be influenced by their past experiences. For
instance, an employee
who has been reprimanded in the past by his/her superior for a minor mistake might
perceive that
superior to be a strict official.
Expectation is another characteristic that has a major impact on the perception of
individuals. For
instance, people generally perceive the products sold by reputed companies to be of
good quality.
However, expectations might also lead to distortion of perception. For instance,
policemen are
perceived as fearless and authoritative, which might not be true in all cases.
The Target
The attributes of the target (stimulus) such as motion, sound, size, etc. also affect
perception. For
instance, people who are very tall get more attention in a crowd. Sometimes people
might not
perceive the target in isolation but associate it with some other aspects or events
similar to it. In
doing so, they might group unrelated objects. This grouping is largely done on the
basis of physical
proximity of the objects in consideration. It has also been observed that the
tendency to group
objects or events is more if individuals notice a greater proximity between them.
The Situation
Objects of larger or bigger size attract more attention than the smaller ones. In an
advertisement of MRF in newspaper full page spread attract more attention than a
few lines in the classified section.
INTENSITY
The intensity principle states that more intense the external stimulus is, the more
likely is to be perceived.The louder voice used in the advertisement of MRF attracts
me and many customers compared to advertisement of other TYRES
REPETITION
COLOUR
Effect of animation
Attractive n bright colors of different MRF TYRES advertisements are
noticeable.The best thing about advertisement of MRF is its animation effects
CONTRAST
Consumers pay more attention to stimuli that are contrast with their
background than to stimuli that blend with it.Contrast effects in MRF AD is
very well used and it is responsible for my attraction towards it.Constrast
effects used in MRF AD is better than other tyres.
MOTION
PERCEIVER
Also my past experiences with MRF is playing very important role in perceiving
it in more effective manner.