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Learn to Adapt. Being a manager means you have to be in touch with practically everything. From sales to people, you must know everything that is going on in your company. So it is a good idea for a manger job to adapt to everything that you come in contact with quickly for a better understanding of the situation and consequently, better decision_making. Inspire. Dreaming big is easy. Living up to them? Not quite so. And because the success lies in making that dream become real, and because you need support to make that dream come real you need to inspire your people. Eloquent, inspiring speeches, simplifying objects and making your people believe in that goal will help you go a long way.
The first management fundamental that you should know is to treat people nice. Why do I say this when this seems so apparent? You often hear about employees who leave companies because they hate working for their boss. They feel that their boss is unfriendly and detached from their team. No matter if you as a manager have a degree from an Ivy League school, if you can not relate to your people then you are in trouble. We have seen several managers who are just so authoritative that they are barking orders to their staff and it just sucks the blood from the employee's life force. You need to manage morale and the best way to start is to treat people like they are adults. Some managers treat their staff like kids. This is so silly, especially when their staff have advanced degrees. When you treat people nice, they will bend over backwards to get the job done.
Get yourself a person who has done project management. This person will serve as your adviser or mentor. Having a mentor will help you a lot in managing a job, especially when you are new. Your mentor can give you advice whenever a problem will arise. Furthermore, a mentor can help you solve any conflict in your team. In any project management job, it is best to be prepared. Proper preparation will enable you to finish any given project even if problems will arrive.