Finally, Steve Radcliffe, a leadership coach and Marketing Society advocate, summed up the day by describing his simple model of leadership, which was illustrated in one way or another by all of the day’s presentations.

Chaired by Steve Miron, Global Radio ceo, this year’s Conference showcased a first rate collection of leaders from sport, business and the military, each of whom had a different take on what makes an effective leader.

In his presentation, Smith developed an often overlooked aspect of the popular view of leadership: leaders don’t exist without followers, and followership is as important as leadership in what he described as the “ecosystem” of management.

Another driven entrepreneur, Lane Fox emphasised the importance of partnership in good leadership, pointing out that she collaborated closely with Brent Hoberman in the founding of her successful website lastminute.com.

Another recession success story against the odds, Waitrose is a sterling example of the partnership model that continues to drive the fortunes of the of the John Lewis group.

Reckitt Benckiser, which specialises in cleaning goods brands, has been a global success story of recent years; in his presentation, Pane explored how the company’s culture has contributed to its success.