ENTREPRENEURSHIP

Detailed explanation-1: -Autocratic leadership, also known as authoritarian leadership, is a leadership style characterized by individual control over all decisions and little input from group members. Autocratic leaders typically make choices based on their ideas and judgments and rarely accept advice from followers.

Detailed explanation-2: -Definition: Autocratic leadership is a management style wherein one person controls all the decisions and takes very little inputs from other group members. Autocratic leaders make choices or decisions based on their own beliefs and do not involve others for their suggestion or advice.

Detailed explanation-3: -When autocratic leaders make decisions, they must inform only a few stakeholders. They also receive less feedback from the different levels of management. This process allows autocratic leaders to accelerate their decision-making and achieve quick results.

Detailed explanation-4: -Autocratic leaders make decisions without consulting their team members, even if their input would be useful. This can be appropriate when you need to make decisions quickly, when there’s no need for team input, and when team agreement isn’t necessary for a successful outcome.

Detailed explanation-5: -Since there is only one person(autocratic leader) in charge of everything, the decision making process is fast and helps achieve the goals quickly. Quicker decision-making and information-sharing from an autocratic leader will boost the productivity of any team.