Jensen Huang of NVIDIA uses stochastic sampling instead of status reports[1]. Kind of sounds like the same thing. Dig deep stochastically into the organization. Also sounds like "management by walking around," which was the style at HP under Hewlett and Packard[2]. I think the reason professional managers dislike these methods is they lack technical understanding of what the business actually does and instead focus on the financial aspects.

[1] https://www.apolloadvisor.com/unconventional-leadership-of-j...

[2] https://en.wikipedia.org/wiki/Management_by_wandering_around