How micromanaging hurts companies

I've seen impassioned discussions about micromanaging. If the issue is that micromanaged employees are not happy but there are tremendous benefits to micromanaging, then we should acquiesce for the good of the company. However, that is not the case.

Nurturing self-empowered, self-organizing, and self-correcting teams results in robust teams that can scale. When I had bronchitis for six weeks I inadvertently pulled a human version of a Netflix Chaos Monkey on my dev teams. They simply continued cranking out releases and product.

Can your teams and your company continue doing business if you (or key players) have an unexpected, prolonged absence?