Hello adnanalam:
"1. Choose a field thoughtfully."
Too many managers are in the wrong field and/or the wrong job..
"2. Hire carefully and be willing to fire."
Effective managers do not hire employees who need to be fired.
"3. Create a productive environment."
Unless the employer hires for talent a productive environment will be very difficult to achieve and maintain.
"... When I was building Microsoft ..."
Looks like Bill Gates is the author.
"4. Define success."
Excellent suggestion.
"Project schedules, for example, must be set by the people who do the work."
Another useful suggestion that will be dismissed or ignored by managers.
"5. To be a good manager, you have to like people and be good at communicating."
As a minimum. Good managers like their employees enough to be honest with them to help them succeed. Wanting to be liked is not enough.
"This is hard to fake."
That is so true and helps explains why articles about how to be a good manager seldom help managers become good managers.
"If you don't enjoy interacting with people, it'll be hard to manage them well."
This explains why so few managers are good at managing, they do not enjoy their job.
"6. Develop your people to do their jobs better than you can."
I agree but I suspect that is very threatening to most managers who are afraid of being bypassed by more competent subordinates.
" Transfer your skills to them. This is an exciting goal, but it can be threatening to a manager who worries that he's training his replacement.:
This fear is hard to overcome.
"There's no shortage of jobs for good managers. The world has an infinite amount of work to be done;"
I agree completely but be aware that the best candidates make the best managers about 20% of the time. Hiring for talent helps identify future successful managers.
"7. Build morale."
Employers do not build morale. If employers manage well, morale will follow. Focus on managing well not on morale building.
"8. Take on projects yourself."
Good advice.
"9. Don't make the same decision twice. Spend the time and thought to make a solid decision the first time so that you don't revisit the issue unnecessarily. If you're too willing to reopen issues, it interferes not only with your execution but also with your motivation to make a decision in the first place. People hate indecisive leadership; However, that doesn't mean you have to decide everything the moment it comes to your attention. Nor that you can't ever reconsider a decision."
I copied the whole paragraph because it is full of insight into effective decision making.
"10. Let people know whom to please. Maybe it's you, maybe it's your boss, and maybe it's somebody who works for you. You're in trouble and risking paralysis in your organisation when employees start saying to themselves: "Am I supposed to be making this person happy or this other person happy? They seem to have different priorities."
I don't pretend that these are the only 10 approaches a manager should keep in mind. There are lots of others. Just a month ago I encouraged leaders to demand bad news before good news from their employees. But these 10 ideas may help you manage well, and I hope they do."
I copied the whole paragraph because it is full of insight into effective management..