Leahy details: why initial failure often leads to ultimate success; why profits stem from a company's values, not its day-to-day business and why competition should always be welcomed?
After joining Tesco at the age of 23, he became the company's first marketing director. He was credited with introducing the successful Tesco Clubcard.
Services to food retailing
Leahy was knighted in 2002 for his services to food retailing. He controversially told the Oxford Farming Conference that Tesco made little or no money from red meat sales.
Stepping down as ceo of Tesco in February 2011, Leahy is a director of the Liverpool Enterprise Partnership.
Since Leahy passed the ceo role to Phil Clarke in March 2011, Tesco shares have lost about one quarter of their value.
Leahy’s book Management in 10 Words is by Random House Business Books priced at £20.
Leahy’s 10 management words
1. Truth
2. Loyalty
3. Courage
4. Values
5. Act
6. Balance
7. Simple
8. Lean
9. Compete
10. Trust
Meanwhile, what 10 words would you use to describe the manager of a successful food and drink business – or Leahy himself?
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