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Why Every Project Needs a Brand (and How to Create One)
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This is an MIT Sloan Management Review article. As the competitive landscape grows tougher, project leaders must sequence, time and articulate core messaging about their projects in much the same way a marketing manager would organize an external customer-facing branding effort to promote a company's products and services. And therein lies an opportunity; brand your projects in order to gain an edge in obtaining funds and the best staff. Just as product branding creates awareness and sustains value in the minds of an organization's external customers, shareholders, and constituents, a brand mindset can empower a project leader to develop strategically-timed messages to create visibility and engagement among key targets. Depending on the stage of the project, different project brand audiences may include senior business leaders, project sponsors, and team members with primary allegiances to vertical functions, as well as network partners external to the home organization. The savvy project leader will ensure that all parties up, down, across, and outside the organization understand, internalize, and embrace the promise of the project brand, agree on goals, and employ steadfast support for the initiative through its completion.