Difference between succesful manager and effective manager?

Answer 1

A synonym of Effective is Efficient. That is a measure of the bottom line, the amount produced compared to the amount used to produce it. An Effective manager gets more done with less expense or effort than other less effective or less efficient managers.

Success is defined as favorable or desirable outcome. Efficiency and Effectiveness can be favorable outcomes, so they are intertwined in meaning.

I think maybe you can be considered successful if you keep what you are managing from losing money, but you are effective if you manage in a way that you get the most profit you can from your resources. An Effective manager would be Successful, but maybe not the other way around.