I think that the best method for companies to keep control of their managers and make sure they make good decisions is actually to give them some power and then hold them accountable. When people are not held accountable and seem to have no power, they start not doing their jobs well.
I would think the greatest check companies have in this regard relates to their hiring practices. A good manager can only let loose of the reins when they have good people under them. If a company concentrates on hiring and retaining quality personnel in their middle management positions, then it can limit some of the scope and authority of those in the upper echelons and the whole company will run more efficiently. Worker satisfaction will increase as well, and they will have a steady stream of candidates for upper management when those positions become available.
Micromanagement is not defined in a positive light so is never an option of first choice. Micromanagement is attention to detail and desire...
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