Management is part science and part art. When you are in charge, it requires a lot of energy and attention to be able to juggle people and resources in order to meet both the checkpoints on specific initiatives and the overall growth of a company. In this article, we'll look at some management tips from some famous managers who got things done.

SEE: What Makes A Good Boss?

Napoleon: Share the Recognition
Napoleon Bonaparte, the French military genius and off and on again emperor, was a master when it came to managing his army. Although Napoleon was an expert arranging troops on a battlefield, his greatest achievement may have been his system of recognition and reward. Napoleon pioneered modern pageantry - awarding soldiers with honors, badges, colors and so on for valiant acts and continuing obedience. He also praised his army liberally and gave them much of the credit for victory. This praise was both general and specific, with certain members being called out above all others.

In a modern business, pageantry still has its place. A manager doesn't need to give out medals or stick a golden eagle on a pole like the Romans did, but it is important to recognize the efforts that help a project or business line be successful.

Genghis Khan: Use Technology
The Mongol horde from the beginning of their invasion of China to the control of all of Eurasia were essentially two different armies. The first had excellent horsemanship and bows ahead of their time, allowing them to overwhelm enemies in open combat. The latter was an military melting pot with Chinese siege craft, Persian engineering and the best combat techniques from all the peoples they conquered. The Mongols were quick to integrate, adapt and adopt the new technologies they encountered.
This opportunistic adoption of new technology and techniques is equally important in the corporate world. Since the computer, technology has become a vital part of every manager's job. Being open to it and looking for ways to use it more efficiently will save time for you and your direct reports. Ghengis Khan also taught us that a pyramid of heads is an excellent negotiating tool, but that's best kept out of the office.

Gates: Being Respected Matters
Bill Gates is unlikely to win a poll of the most charismatic CEOs. However, he does stand a good chance of being ranked as one of the most respected CEOs. Bill Gates has been called ruthless, domineering and many other things, but no one ever called him lazy. Stories about the respect for Gates' skills as a programmer and the long days and nights he put in to make Microsoft great became part of Silicon Valley lore. According to the legends, Bill Gates personally reviewed every line of finalized code at the end of the working day when his employees went home.

Due to the high standard he held himself to, a congratulations from Bill Gates was considered a holy grail. In fact, even a reprimand had appeal in that it meant you were being noticed. This aura of respect helped bring the top talent in the door. They knew the environment would be challenging, demanding and rewarding - Microsoft stock turned many of Gates' terrified underlings into very wealthy men and women. In short, people want to be challenged as much - if not more - as they want to be rewarded and both the challenge and the reward are more fulfilling when it comes from someone they respect.

Jobs: Get Them to Buy in
And, of course, there is Steve Jobs. Jobs was an expert salesman and was as good at getting his employees to buy in to Apple as he was at getting customers to buy the products. Jobs purportedly recruited John Sculley from Pepsi to Apple by asking him "Do you want to sell sugared water for the rest of your life, or do you want to come with me and change the world?" Although this backfired on Jobs when Sculley ousted him from the company, Jobs never stopped selling his ideas to employees. When Jobs returned to Apple, he was able to assemble some of the brightest minds in Silicon Valley and convince them to labor day and night to deliver a litany of hit products.

The Bottom Line
Managing people essentially comes down to making sure they have the tools needed to do the job and the motivation and time to do it well. Motivation can come from many sources, but it is easy to catch when the person leading your team believes in what he or she is doing and can make those goals meaningful to you as well. If you share the recognition, use time saving tools and set a high standard, and your team still doesn't buy in, then there is always the pyramid of heads to fall back on.

Related Articles
  1. Entrepreneurship

    How to Run a One-Person Business

    Learn how to get a successful one-person business up and running with a business plan, financing, time-management tricks and delegation of tasks.
  2. Entrepreneurship

    Top Legal Tips for Starting a Business

    Before you launch a new business, make sure you're on top of the key issues that most startups face.
  3. Tax Strategy

    Profit from Art with a Charitable Remainder Trust

    With a CRUT, art collectors can avoid capital gains taxes on the sale of art– while also leaving their favorite charity a legacy.
  4. Economics

    How Warren Buffett Made Berkshire A Winner

    Berkshire Fine Spinning Associated and Hathaway Manufacturing Company merged in 1955 to form Berkshire Hathaway.
  5. Budgeting

    Lost Your Job? 6 Things to Do Immediately

    If you’ve lost your job, shoring up your finances as best you can will make it easier to get back on your feet again when that next position rolls around.
  6. Executive Compensation

    How Restricted Stocks and RSUs Are Taxed

    Many firms pay a portion of their employees’ compensation in the form of restricted stock or restricted stock units.
  7. Professionals

    Broker Or Trader: Which Career Is Right For You?

    Both brokers and traders buy and sell securities, but there are some subtle differences between the two careers.
  8. Entrepreneurship

    10 Characteristics Of Successful Entrepreneurs

    Do you have the qualities of a successful entrepreneur? Those who do tend to share these 10 traits.
  9. Personal Finance

    Don't Sign That Non-Compete Without Reading This

    Non-compete contracts aren't just for high-level execs these days. How to protect yourself if your employer – or prospective employer – insists you sign one.
  10. Entrepreneurship

    Are You Really an Entrepeneur? A Reality Check

    If you are going to be an entrepreneur, and you’re doing it on a shoestring, you’ll need more than a good idea. Here are some skills to master.
RELATED FAQS
  1. Do working capital funds expire?

    While working capital funds do not expire, the working capital figure does change over time. This is because it is calculated ... Read Full Answer >>
  2. Who decides if a financial security should be escheated?

    There is no one entity who "decides" to escheat assets. Rather, financial institutions are required to report inactive accounts ... Read Full Answer >>
  3. How does escheatment impact a company?

    In recent years, state governments have become increasingly aggressive in enforcing escheatment laws. As a result, many businesses ... Read Full Answer >>
  4. How much working capital does a small business need?

    The amount of working capital a small business needs to run smoothly depends largely on the type of business, its operating ... Read Full Answer >>
  5. What does low working capital say about a company's financial prospects?

    When a company has low working capital, it can mean one of two things. In most cases, low working capital means the business ... Read Full Answer >>
  6. How long do I need to keep income tax records?

    Keep all tax-related records for at least three years. For example, keep your 2015 tax return, filed in early 2016, at the ... Read Full Answer >>
Trading Center