3 reasons why micromanagers hurt their business

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What is a micromanager? This is the type of manager who thinks that he can do everything better than his or her subordinates. This is not the right attitude, because these managers often find themselves involved in too much detail work in the business. It is difficult to do your own job and also participate in the workload of your subordinates at the same time. It is a burden that, in fact, no one wants the micromanager to bear. Why shouldn't managers do multiple jobs? According to the businessinsider.com website, this behavior violates three principles that are very important in every business.

1. Everyone has his own job

It is called comparative advantage – even if the micromanager actually is better at their subordinate's job, their added value is usually much higher when they are doing their own work. They should not lose time by doing work which they are not responsible for. It is simply more effective when a skilled CEO devotes all his time to running the company and doesn't do operational work or bookkeeping, even if he could do these things better than the people whose job it is.

2. Opportunities are costly

This is interconnected with principle number 1. The costs of opportunity are present when we are involved in less lucrative opportunities than we could be, and when we don’t engage in the activity that has more worth. Therefore a manager should not open all his e-mails and answer all the phones, because it is often more beneficial for the company when the typing and answering is done by his subordinates.

3. Unclear responsibility

Micromanagers have the inclination to take credit for their subordinates' successes, but they take no blame for failures. This is a violation of the management rule that authority and responsibility must always remain together. Managers should delegate both responsibility and authority, because only then can the worker decide how to accomplish the task – and legitimately face the possible consequences of failure.

-jk-

Article source Business Insider - American business and technology news
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