You asked about important factors in management. I think the answer is quite simple – the most important factor is motivation.

Good managers don't set a goal to increase efficiency, but rather an implementation of business process improvements that result in higher efficiency as well.

Do not tend to hire only people who see what you see. Such a tendency may lead to a decline in operating profit, and even bankruptcy.

The development of human civilization over the course of millennia was really fascinating. Let us imagine, however, how high a level of development could have been reached if all amazing ideas of the great minds of the past had been realized. Let us consider, for example, some ideas of Nikola
Tesla that have not been implemented as of yet.

Concerning mistakes, follow three simple rules. Firstly, correct a mistake that you made whenever it is possible. Secondly, don't repeat the same mistakes. Thirdly, learn from past mistakes.

The people who overcome their fears are the ones who can achieve their dreams.