Leadership is the art of influencing positive outcomes in a variety of organizational situations. GM’s management then translated these assumptions about market and production into a structure of semiautonomous divisions, each focusing on one income segment and each arranged so that its highest priced model overlapped with the next division’s lowest priced model, thus almost forcing people to trade up, provided that used-car prices were high. And let’s not act as if those who don’t make a lot of money are the ones who get all the tax breaks. Its a misleading argument and you know it. Understand how economies of scale help contribute to a cost-leadership strategy. Ronald Reagan is another well known Laissez-Faire leader in America. Reagan came into the oval office with a plan much different than most other Presidents. He felt if he brought in a great team then they can manage the work and all he would have to do is oversee from time to time. According to Bass (1974), His subordinates had free reign to proceed as they thought bestâ€ (p. 544), describing how Reagan ran things. Perhaps he felt this way he could see issues before they happen, since he would not be knee deep in paper work, yet sadly his Laissez-Faire approach cause more scandals then successes. Yet, despite his political failures he did not fail in performing Laissez-Faire leadership. Reagan choose people with like goals and beliefs as his own, such as lowering taxes, so that they would all strive for the same goal, yet do it separately. He also believed in giving his council a lot of freedom and leeway because they were more likely more specialized then he and so the performance of those individuals would go up if not micromanaged. Reagan always knew he had the final say but never really used it. The earliest form of companies were unincorporated associations, followed later by partnerships. Individual corporations were initially established by governmental charter. However, the concept of a joint stock company was created over time, which had individual owners with unlimited liability. A joint stock company was similar to a partnership, but had certain rights distinct from the individual owners. A modern corporation is in effect a joint stock company with limited liability of the individual owners. Operational teams are teams that are designed within the structure of an existing and formal organization and around positions that are lasting. In this case the culture of the team is much more stable and is characterized by the type and focus of the operational activities; sales, marketing, human resources, finance, etc.