From my (limited) experience, that magic is incredibly linked to autonomy and ownership.

Some research around British government workers found higher job satisfaction in units with hands-off managers. It resonates with my own career. I’m really excited and want to go to work when I’m on a small, autonomous team with little red tape and politics. Larger orgs simply can’t — or haven’t — ever offered me the same feeling; with some exceptions in Big 3 consulting if I was the expert on a case.

As a manager, I love being hands-off - I like directs that take ownership and I try to give people projects and roles that they want. They use their creativity and I help unblock, expand, course correct or suggest as needed. It saves them from the politics and they get high level mentoring.

The worst manager is the micromanager - either because he's nervous about his job security, because he doesn't know how to delegate, or because he's been hands-on forever and can't let go.