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Management in Ten Words: Practical Advice from the Man Who Created One of the World's Largest Retailers (Hardcover)
On Our Shelves Now
From one of the world’s most admired business leaders, here is a remarkable book
that will forever change the way you think about management.
The meteoric rise of UK supermarket chain Tesco from humble beginnings to its current status as one of the largest retailers in the world can be largely credited to one man—its recently departed CEO, Terry Leahy. Leahy’s unflagging drive and commitment to progress, his no-nonsense approach to leadership, and his visionary perspective on the manager’s role made him a transformative figure not only within his company but within the culture at large—he was voted Business Person of the Year by
the Sunday Times in 2010.
But what’s Leahy’s secret? How did a workingclass kid whose first job with Tesco was stocking shelves rise to become his company’s most dynamic leader—quadrupling the firm’s profits and creating a new job every twenty minutes for more than ten years? How did he steer a midlevel supermarket chain to such success that it now accounts for one-seventh of all British spending on consumer goods, with truly global reach and thriving departments in everything from mobile-phone operation to financial services?
The answer can be found in ten deceptively simple words—words such as truth, loyalty, courage, and balance. Everyone thinks they understand what these words mean. But what Leahy learned in his fourteen years as the world’s greatest turnaround artist was that there is far more to actually practicing these time-honored values than most people know.
Management in 10 Words is Terry Leahy’s unflinchingly honest, deeply insightful account of the most valuable, hard-won lessons of his career. For any leader who aspires to be truly exceptional, this book is a must-read.
About the Author
SIR TERRY LEAHY was educated at St. Edward’s College, Liverpool, and then went on to the University of Manchester Institute of Science and Technology, where he gained his BSc (Hons) in management sciences. He joined Tesco when he was twenty-three, became the company’s first marketing director, and was responsible for the introduction of the highly successful Tesco Clubcard. As CEO he oversaw Tesco’s expansion into everything from electrical goods to insurance, built a £1 billion clothing business, and was one of the first to see the potential of the Internet for selling groceries. He was knighted in 2002 for his services to food retailing and has received many industry honors and awards, including the Sunday Times Business Person of the Year in 2010 and a Lifetime Achievement Award from Retail Week in 2011.
Since Sir Terry stepped down as CEO of Tesco in February 2011, he has been in constant demand as a public speaker. He is also a senior adviser to Clayton, Dubilier & Rice, the U.S. private equity firm. In addition, he invests in entrepreneurial businesses and is involved with various charities.
Praise for Management in Ten Words: Practical Advice from the Man Who Created One of the World's Largest Retailers…
“An excellent book – a veritable management page turner that has interesting things to say about everything from the evolution of British society to the art of transforming huge organisations…you certainly won’t be disappointed.”
- The Economist
"The lessons of Terry Leahy’s success with Tesco are applicable to any leader, in any country, in any industry. This book gets to the core of what actually matters in business—the methods and values that really work to drive long-term, consistent high performance. Like its author, Management in Ten Words is candid, inspiring, and insightful. This one is not to be missed.”
- Jack Welch, former CEO, General Electric
“This book does an outstanding job of capturing the management beliefs that made Sir Terry’s leadership of Tesco so successful.”
- Robert A. McDonald, CEO, Procter & Gamble
“A terrific book. Sir Terry describes ten fundamental concepts for leading change and delivering breakthrough performance, illustrating each concept with vivid examples drawn from his extensive experience.”
- Robert S. Kaplan, Professor at Harvard Business School, co-creator of the Balanced Scorecard
“A truly inspirational book that will show you how to lead, how to motivate people and how to develop the skills you need to stay ahead – whatever your walk of life.”
- Sir Alex Ferguson, manager of Manchester United
“In the age of the quick win, Management in 10 Words is a timely reminder to be bold; learn from failure and turn it into part of your success.”
- James Dyson, founder of Dyson
“Management in 10 Words offers an authentic view of how great companies can build a closely connected, high-performance culture.”
- Angela Ahrendts, CEO, Burberry