Many companies neglect simple acts of gratitude. However, personal, unexpected, and heartfelt 'thank you' gestures are one of the most effective and underutilized marketing tools for building loyalty and generating referrals.

To motivate and retain employees, especially in a challenging market, leaders must shift their perspective from 'they work for me' to 'I work for them.' This servant-leadership approach involves genuinely caring about your team's well-being and success, which fosters loyalty and improves performance.

PepsiCo’s CEO won over Indra Nooyi not by criticizing competitor GE, but by acknowledging GE's strengths. He then made a personal commitment ("Count on me") to ensure her unique talents would specifically shape PepsiCo's future. This unconventional pitch built immense trust and highlighted his character as a leader.

To build a loyal and effective team, leaders should constantly make "deposits"—helping employees advance, improve, and do their jobs. This builds goodwill, so when a leader needs to make a "withdrawal" by asking for something, the team is happy to oblige. This applies to customers, employees, and government stakeholders alike.

Effective company culture isn't about corporate perks but about founders who genuinely invest in their employees as individuals. Taking the time to build personal relationships, such as meeting families, fosters a deeper, non-transactional connection that directly improves employee retention.

Consistently investing in your team on a personal level builds a reservoir of trust and goodwill called "emotional equity." This makes them more receptive to difficult changes like price increases or new strategies, as they believe you have their best interests at heart.

While systems are key in business, gratitude must remain a personal act. When appreciation is automated or delegated without genuine personal involvement, recipients can sense the lack of authenticity. This 'cheap' gratitude can do more harm than good, as it feels obligatory rather than heartfelt.

To engage employees in seemingly mundane roles, like cleaning factory tanks, leadership must clearly connect their specific task to the company's success. The Novonesis CEO emphasizes that explaining this critical importance and frequently expressing simple gratitude is key to maintaining a motivated workforce.

Leaders who use public platforms to specifically name and praise behind-the-scenes contributors build a stronger, more motivated team. This public acknowledgment demonstrates that all roles are integral and valued, fostering a culture where people feel seen and are motivated to contribute at a high level.