Cryptic crossword clue
Autocrat, possibly one initiating operation

The most common and most likely answer to this crossword clue is the 8 letter word ACTUATOR

I've seen this crossword clue in The Times
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The straight part
We know that "one initiating operation" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case one initiating operation = actuator.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does ACTUATOR mean?

ACTUATOR noun
  1. Something that actuates something else, especially a usually electric device that causes a mechanical device (i.e. a mechanism) to be switched on or off, for example an electric motor that opens and closes a valve
  2. The mechanism that moves the head assembly on a disk drive
  3. A relay that controls the flow of electricity

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