Risk taking capacity and micromanaging

Risk taking capacity goes synonymous with success.So question is what kind of risk.Risk are of different types like taking a plunge from secure job to starting a buissness.There are other forms like when  you work in an organization and delegate.Risk is when you believe in your sub ordinate that he will take charge of work and make things happen.Regular checks are required to ascertain whether things are on the right track or not. These checks can vary from one person to another.There are very few thumb rules which applies to all the people.But if we do not delegate and keep telling an individual what to do how to do when to do, its micromanaging.Micro managing things has two big risks associated with it.One it can push the sub ordinate to a level where he stops taking initiative and gets frustrated.Second your work load increases tremendously.Only thing micro managing helps in achieving is short term goals.How many people are ready to take the risk of leaving things to deserving people whom they think can complete the work .Very few.And those who do they rise because by doing this ,they are preparing thier lower layer and hence have ample time to sharpen thier skills.But at times ,according to situation micro managing is also needed.But thats only for short period of time.If it becomes the norm then definately some thing is amiss.If micromanaging is norm,does it tell some thing about your boss.?