The best thing management can do is to create an environment which supports flow. Daniel Pink, author of the bestselling book “Drive: The Surprising Truth About What Motivates Us” proposed three areas this environment should focus on:

Autonomy: If you trust your people regarding work (Theory Y), than give them enough space so that they can balance their skills with their challenges.

Mastery: With autonomy, you’ll release energy within your people which they in turn use to master their skills and become even better and better at work.

Purpose: To direct the released energy, create a strong purpose (aka vision) which guides everyone in your organisation.

And all the rest will be handled by people themselves, no management is needed.