Micromanagement is generally used as a negative term
Micromanagement may arise from internal sources, such as concern for details, increased performance pressure, or insecurity. It can also be seen as a tactic used by managers to eliminate unwanted employees, either by creating standards employees cannot meet leading to termination, or by creating a stressful workplace causing the employee to leave.
The worker who is micromanaged will reason, "Why can't my boss just let me do my job and leave me alone? What mistakes are they looking for now?"
Too much micromanagement can cost a company its best and brightest. Organization will lose mature, smart and highly skilled employees suffering from micromanagement. Also micromanages are also the most costly people in any organization.
Do you micromanage?
If the answer is Yes and you wonder why no one has brought this to your attention, the obvious answer is that they are afraid of repercussions. Micromanager do not see the 'big picture' because they are too busy dictating font size and controlling everyone else's moves that it totally escapes you and your workers. They are probably not getting your job completed because they are doing everyone else's. They lose the respect of co-workers and fellow employees.
References:
[1] http://www.crystalinks.com/micromanagement.html
[2] http://en.wikipedia.org/wiki/Micromanagement
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