Coaching and managing have many similarities according to the article. It outlines 10 steps that are effective for both coaches and managers: 1) Scout recruits/employees to match talents to objectives, 2) Set rules and standards, 3) Maintain equipment and resources, 4) Offer training, 5) Choose schedules, 6) Argue calls/decisions judiciously, 7) Recognize star performers, 8) Design plans but empower the team, 9) Motivate constantly, and 10) Take responsibility but share glory. The article draws from the experiences of legendary coaches like Wooden, Krzyzewski, Lombardi, and Paterno to illustrate effective leadership techniques for both sports and business.