Some famous "laissez faire" presidents include Herbert Hoover, Martin Van Buren and Ronald Regan. Modern day "laissez faire" leaders would include Steve Jobs and Warren Buffet.Know More
Steve Jobs is famous for his off-kilter leadership style. He would inform his employees of his vision, tell them what should be done, and let them get to work without him hovering over their shoulders. If he was unhappy with the end product, Jobs was also famous for firing those who disappointed him.
Warren Buffet's "laissez faire" style gives his employees complete freedom to manage projects and think of creative solutions when problems arise. He only intervenes in dire situations. Buffet equates his success and management style to surrounding himself with highly capable, creative thinking individuals who, as Buffet claims, are smarter than him.
Queen Victoria, who reigned England during the Victorian period, ruled without an iron fist. During the Age of Individualism, England became one of the strongest and richest nations in the world. Businesses stayed out of government affairs, and governments were not involved with businesses.
Herbert Hoover's hands-off approach stemmed from the fact that he had no elect-office experience before being elected president of the United States. Prior to becoming president, he used his engineering skills to bring humanitarian relief around the world, and he served as Secretary of Commerce under two different presidents.Learn more about Modern History
Laissez-faire economics involves a minimal amount of government intervention in economic affairs. The term, French for "allow to do," is believed to have originated when Jean-Baptiste Colbert, who controlled finance under France's King Louis XIV, asked industrialists how the government could help business and received the answer, "Leave us alone."Full Answer >
A laissez-faire policy is a political and economic doctrine which holds that economies function efficiently when there is minimal government interference. This policy opposes the taxation and regulation of commerce and advocates for individualism, free trade and free competition.Full Answer >
Some bad leaders in history include Mao Zedong, Joseph Stalin, Adolf Hitler and Leopold II of Belgium. Mao Zedong is responsible for the death of approximately 65 million people, Joseph Stalin for the death of 23 million people and Adolf Hitler for the death of 17 million people.Full Answer >
A laissez-faire leadership style gives workers flexibility to complete tasks without constant supervision and direction. It works well with employees who are knowledgeable and experienced with their roles. With workers who lack experience or time-management skills, laissez-faire leadership may lead to inefficiency or poor results.Full Answer >