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The newly-formed division will embark upon a number of knowledge
projects on an ongoing basis. These projects would focus on observing
changing consumer and market trends in the overall area of marketing
and communication.
For example, Lowe's just-released 'Lowe Faces of Asia report'.
This is part of an Asia Pacific regional study covering countries
like China, Thailand, Vietnam, Hong Kong, Malaysia and the Philippines,
in addition to India. The study focuses on `Mrs. Urban India,' housewives
in urban areas, and builds a comprehensive picture of their values,
lifestyles, media habits and product consumption behaviour.
"Our strategists will complete at least five more knowledge
projects like 'Faces' during the current year and share the knowledge
with our clients", Lowe president and COO Pranesh Misra was
quoted as saying in an official statement.
According to him, "We have always believed in creative products
and will continue to do so. The strategy division will add another
significant dimension to our service offering and, hopefully, build
another point of differential for the agency."
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