Building Corporate Soul
Building Corporate Soul
Building Corporate Soul
Key Takeaways
• Corporate soul is a function of shared understanding, shared behaviors, and shared purpose.
• Employees learn to recognize what a company does and doesn’t value based on what leaders do—
not what they say.
• Learn to identify and promote your company’s soul drivers to sustain your company’s soul.
• Adopt hiring strategies that prioritize emotional intelligence.
Overview
The term “soulless corporation” was popularized at the turn of the 20th century and can still be used to
describe some organizations today. In Building Corporate Soul, Ralf Specht draws on research and
experience to provide an evidence-based model for harnessing the cultural benefits and competitive
advantages of corporate soul.
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Building Corporate Soul Ralf Specht
1. Vision. Encapsulated in a vision statement, a company’s vision describes the end goal of its current
long-term plans. Vision is the foundation that informs and contextualizes the decisions of company
leaders.
2. Mission. Your mission statement should identify not only what product or service your company
provides, but what distinguishes its offerings from others on the market. Your mission should con-
nect what makes your company different back to its larger vision.
3. Values. These are the connective tissue between the culture your company strives to maintain and
the behaviors that enable it. Values should be clear and actionable so that there’s no ambiguity for
employees about what it means to advance the company mission in day-to-day interactions.
4. Spirit. According to Lexico, “spirit” can be defined as an entity’s characteristic “courage, energy, and
determination.” Spirit emerges from the shared behaviors that differentiate companies with soul,
and it energizes organizations in organic and incredible ways. Focus on the eight areas of shared
behaviors—leadership, eco-system, drivers, compensation, recruiting, development, partnerships,
and followers—to build company spirit and discover your company’s soul.
• The reputation risk. Particularly in today’s lightning-fast digital communication landscape, every em-
ployee’s experience working for your company can either bolster or undermine the brand it’s trying
to build with customers, investors, and other external parties. While this can be a liability, for com-
panies with soul, it’s an opportunity to let what makes their organizations special shine.
• Great leaders can help others become great leaders. Andre Lavoie, CEO of ClearCompany, has identi-
fied five techniques effective leaders use to foster leadership potential in employees: they (1) en-
courage employees to network, (2) act as mentors (or assign ones), (3) provide opportunities for
growth, (4) maintain feedback loops, and (5) lead by example.
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Building Corporate Soul Ralf Specht
• The theory is compelling—what do you do? Your promotion practices should be fair, transparent, and
aware of individuals’ personal career goals and ambitions. Make sure you can answer three ques-
tions about each person you supervise: What’s this person aspiring to in the long term of their ca-
reer? Does this person seem aware of their potential? Does this person appear to understand how
their coworkers perceive them?
• What promotion opportunities exist? Make sure your team members know when relevant opportuni-
ties are available. New openings are opportunities to celebrate the company’s overall progress and
your team’s role in it. They’re also perfect moments to invite high-performing individuals to reflect
on, and perhaps expand, their sense of their own potential and the scope of their aspirations.
• Managing the news. For every successful applicant, numerous denied candidates are left to wonder
what they could’ve done differently. However, there are communication strategies companies and
supervisors can adopt to acknowledge these feelings constructively. Don’t leave candidates guess-
ing about why someone else was selected: Provide individualized feedback on applications. You can
also foster a sense of shared purpose by gathering team members to discuss the opportunities that
will open at later milestones along the company’s growth trajectory.
Thoughtful measures designed to reward soul supporters can also help make organizations more
inclusive by opening communication channels through which employees can express observations,
concerns, and suggestions related to identity-based discrimination and privilege-enabled implicit
biases.
• Diversity and performance. Connect with organizations in your field supporting underrepresented
students and professionals to establish pipelines for new talent. Prioritize employee experience to
improve retention and attract high-quality talent. Make sure your talent search and hiring touch-
points reflect the inclusivity of your workplace. Finally, strive to make your company a model of
equitable practices and inclusive culture for your industry.
• The workforce demands it. As populations in Western countries age, young, innovative workers will
become harder to attract and more selective about the work environments they want to enter. To
remain competitive in the long term, it’s more important than ever that the values associated with
your “brand” are attentive to the preferences and social and environmental concerns of a diverse
workforce.
• Culture matters. Differences in work cultures between countries can keep leaders working with inter-
national teams from understanding the nuances of workplace dynamics and identifying ambition
and potential in the people they lead. Research has shown that while workplace norms differ across
the world, workers from all nationalities still tend to weigh six key factors when assessing the quality
of a work environment: the employees’ sense of purpose, opportunity, success, appreciation, well-
being, and leadership.
• Consider employee experience vs. employee lifecycle. Research has also shown that perks are no sub-
stitute for the quality of employees’ everyday experiences working for a company. The behavioral
norms and standards that manifest in interactions with coworkers, user-friendliness of internal sys-
tems, and other frustrations and rewards of a typical workday are the evidence employees use to
decide whether to stick with a company for the long haul.
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Building Corporate Soul Ralf Specht
• Allow customers to become ambassadors. Reflecting on the success of Porsche’s decision to connect
with and encourage the establishment of previously independent local Porsche Clubs, company
leader Deborah Ginsburg believes there are three keys to fostering brand loyalty: Make your cus-
tomers feel special, let your customers contribute to the brand experience, and reward your most
loyal customers.
• Connect humans to humans. Don’t let people associate interacting with your company to interacting
with a machine. Prioritize the human-to-human connection to take employee and customer experi-
ence to the next level.
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