{"id":3035,"date":"2023-02-19T16:11:20","date_gmt":"2023-02-19T16:11:20","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/apply-it-9-4-leading\/"},"modified":"2025-05-12T21:44:57","modified_gmt":"2025-05-12T21:44:57","slug":"apply-it-9-4-leading","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/apply-it-9-4-leading\/","title":{"raw":"Apply It 9.4: Leading","rendered":"Apply It 9.4: Leading"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Recognize different types of power that leaders use&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Recognize different types of power that leaders use<\/span><\/li>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Recognize different management styles&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Recognize different management styles<\/span><\/li>\r\n\t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Recognize different leadership styles&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Recognize different leadership styles<\/span><\/li>\r\n<\/ul>\r\n<\/section>\r\n<h2>Leadership Transformation in Retail<\/h2>\r\n<p>This Apply It continues using the Barnes and Noble case study video from earlier in this module. The video is included below in case you want to refresh your memory about specific details, but if you have already watched it, you don't need to watch it again.<\/p>\r\n<section class=\"textbox connectIt\">\r\n<h3>Power Shifts<\/h3>\r\n<p>Under CEO James Daunt's leadership, Barnes &amp; Noble shifted from a standardized corporate approach to empowering local store managers to make decisions about inventory and displays based on their knowledge of local customer preferences.<\/p>\r\n<p>[embed]https:\/\/www.youtube.com\/watch?v=LIlH2L2oDno&amp;t=3s[\/embed]<\/p>\r\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/WhyBarnesNobleIsCopyingLocalBookstoresItOnceT.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhy Barnes &amp; Noble Is Copying Local Bookstores It Once Threatened\u201d here (opens in new window).<\/span><\/a><\/p>\r\n<p>James Daunt previously founded his own independent bookstore. How might this entrepreneurial background influence his leadership approach at Barnes &amp; Noble?<br \/>\r\n[reveal-answer q=\"353771\"]Click to Show Sample Answer[\/reveal-answer]<br \/>\r\n[hidden-answer a=\"353771\"]James Daunt's experience as the founder of Daunt Books likely gives him a unique perspective that significantly influences his leadership approach at Barnes &amp; Noble. His entrepreneurial background provides firsthand knowledge of what makes independent bookstores special: the personalized curation, community connection, and distinct atmosphere that larger chains often lack. This explains his quote in the video: \"It felt entirely intuitive to me that you allow each bookstore to run as an independent bookstore. They will create much more interesting, much more dynamic, much more engaging bookstores.\"<\/p>\r\n<p>As an entrepreneur, Daunt likely developed skills in spotting market opportunities and taking calculated risks, which explains his willingness to implement a dramatic strategy shift at Barnes &amp; Noble. His experience running his own bookstore probably gave him practical insights into inventory management and customer preferences that corporate executives might miss. This hands-on knowledge helps him understand the challenges store managers face and the potential benefits of giving them more autonomy.<\/p>\r\n<p>Furthermore, his entrepreneurial mindset likely emphasizes innovation and adaptability rather than rigid adherence to established practices. Having successfully applied similar strategies at Waterstones, turning a 42.91 million pound loss into a 16.32 million pound profit, Daunt brings both the thinking of an entrepreneur and the proven track record needed to inspire confidence in his leadership during this organizational transformation.[\/hidden-answer]<\/p>\r\n<\/section>","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Recognize different types of power that leaders use&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Recognize different types of power that leaders use<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Recognize different management styles&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Recognize different management styles<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Recognize different leadership styles&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Recognize different leadership styles<\/span><\/li>\n<\/ul>\n<\/section>\n<h2>Leadership Transformation in Retail<\/h2>\n<p>This Apply It continues using the Barnes and Noble case study video from earlier in this module. The video is included below in case you want to refresh your memory about specific details, but if you have already watched it, you don&#8217;t need to watch it again.<\/p>\n<section class=\"textbox connectIt\">\n<h3>Power Shifts<\/h3>\n<p>Under CEO James Daunt&#8217;s leadership, Barnes &amp; Noble shifted from a standardized corporate approach to empowering local store managers to make decisions about inventory and displays based on their knowledge of local customer preferences.<\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"Why Barnes &amp; Noble Is Copying Local Bookstores It Once Threatened | WSJ The Economics Of\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/LIlH2L2oDno?start=3&#38;feature=oembed\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/WhyBarnesNobleIsCopyingLocalBookstoresItOnceT.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhy Barnes &amp; Noble Is Copying Local Bookstores It Once Threatened\u201d here (opens in new window).<\/span><\/a><\/p>\n<p>James Daunt previously founded his own independent bookstore. How might this entrepreneurial background influence his leadership approach at Barnes &amp; Noble?<\/p>\n<div class=\"qa-wrapper\" style=\"display: block\"><button class=\"show-answer show-answer-button collapsed\" data-target=\"q353771\">Click to Show Sample Answer<\/button><\/p>\n<div id=\"q353771\" class=\"hidden-answer\" style=\"display: none\">James Daunt&#8217;s experience as the founder of Daunt Books likely gives him a unique perspective that significantly influences his leadership approach at Barnes &amp; Noble. His entrepreneurial background provides firsthand knowledge of what makes independent bookstores special: the personalized curation, community connection, and distinct atmosphere that larger chains often lack. This explains his quote in the video: &#8220;It felt entirely intuitive to me that you allow each bookstore to run as an independent bookstore. They will create much more interesting, much more dynamic, much more engaging bookstores.&#8221;<\/p>\n<p>As an entrepreneur, Daunt likely developed skills in spotting market opportunities and taking calculated risks, which explains his willingness to implement a dramatic strategy shift at Barnes &amp; Noble. His experience running his own bookstore probably gave him practical insights into inventory management and customer preferences that corporate executives might miss. This hands-on knowledge helps him understand the challenges store managers face and the potential benefits of giving them more autonomy.<\/p>\n<p>Furthermore, his entrepreneurial mindset likely emphasizes innovation and adaptability rather than rigid adherence to established practices. Having successfully applied similar strategies at Waterstones, turning a 42.91 million pound loss into a 16.32 million pound profit, Daunt brings both the thinking of an entrepreneur and the proven track record needed to inspire confidence in his leadership during this organizational transformation.<\/p><\/div>\n<\/div>\n<\/section>\n","protected":false},"author":21,"menu_order":24,"template":"","meta":{"_candela_citation":"[{\"type\":\"copyrighted_video\",\"description\":\"Why Barnes & Noble Is Copying Local Bookstores It Once Threatened\",\"author\":\"\",\"organization\":\"Wall Street Journal\",\"url\":\"https:\/\/www.youtube.com\/watch?v=LIlH2L2oDno&t=3s\",\"project\":\"\",\"license\":\"arr\",\"license_terms\":\"Standard YouTube License\"}]","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"part":3011,"module-header":"apply_it","content_attributions":[{"type":"copyrighted_video","description":"Why Barnes & Noble Is Copying Local Bookstores It Once Threatened","author":"","organization":"Wall Street Journal","url":"https:\/\/www.youtube.com\/watch?v=LIlH2L2oDno&t=3s","project":"","license":"arr","license_terms":"Standard YouTube License"}],"internal_book_links":[],"video_content":null,"cc_video_embed_content":{"cc_scripts":"","media_targets":[]},"try_it_collection":null,"_links":{"self":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/3035"}],"collection":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/users\/21"}],"version-history":[{"count":9,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/3035\/revisions"}],"predecessor-version":[{"id":9207,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/3035\/revisions\/9207"}],"part":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/parts\/3011"}],"metadata":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/3035\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/media?parent=3035"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapter-type?post=3035"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/contributor?post=3035"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/license?post=3035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}