Yes, exactly. It's inefficient, that's the point of it.
He didn't have the same control over things as a dictator would. You can do these things in business more safely because it's less likely to kill large numbers of people.
Yeah, that's the value of a "benevolent dictator" in business. Skunk Works had one, Apple, Python, Ubuntu, and SpaceX too, and all blazed incredible trails in their fields.