An autocratic leader in business terms is a person who keeps most or all of the key authority for themself. They are very dictatorial or authoritarian and tell their employees exactly what to do. They tend not to delegate very much or share information willingly with their subordinates, and they 'assume responsibility for all operational aspects'.[1] An economic recession seen through the cycle of an individual business can follow this process; falling sales, intense awareness of competitors, customers becoming very price sensitive, a cut in output, making workers redundant, not implementing expansion plans, postponing capital investment and cutting under-used capital equipment.
Efficiency is a quality inherent in a successful autocrat. They will, in a recession, exploit all the resources available with no sentimentality, and as a leader they will have insured there is a minimal level of bureaucracy and middle management tiers to interfere with this. There is likely to be a high output per worker and a low level of cost per business unit output. …
