The server WLS_IPM is in an incompatible state. All of the servers selected are currently in a state which is incompatible with this operation or are not associated with a running Node Manager or you are not authorized to perform the action requested. No action will be performed.

Issue in screen shot
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solution
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[weblogic@wlsadmin nodemanager]$ ps -fu $LOGNAME|grep -i wls_ipm
weblogic 11938 11741 99 10:45 ?        00:48:39 /u01/jdk1.7.0_45/jre/bin/java -Dweblogic.Name=WLS_IPM -Dbea.home=/u01/Middleware -Djava.security.policy=/u01/Middleware/wlserver_10.3/server/lib/weblogic.policy -Dweblogic.management.server=http://20.198.94.62:7001 -Djava.library.path=/u01/Middleware/patch_wls1036/profiles/default/native:/u02/oracle/11.2.0/lib:/lib:/usr/lib:/u01/Middleware/wlserver_10.3/server/native/linux/x86_64:/u01/Middleware/wlserver_10.3/server/native/linux/x86_64/oci920_8:/usr/java/packages/lib/amd64:/usr/lib64:/lib64:/lib:/usr/lib -Djava.class.path=/u01/Middleware/patch_wls1036/profiles/default/sys_manifest_classpath/weblogic_patch.jar:/u01/jdk1.7.0_45/lib/tools.jar:/u01/Middleware/wlserver_10.3/server/lib/weblogic_sp.jar:/u01/Middleware/wlserver_10.3/server/lib/weblogic.jar:/u01/Middleware/modules/features/weblogic.server.modules_10.3.6.0.jar:/u01/Middleware/wlserver_10.3/server/lib/webservices.jar:/u01/Middleware/modules/org.apache.ant_1.7.1/lib/ant-all.jar:/u01/Middleware/modules/net.sf.antcontrib_1.1.0.0_1-0b2/lib/ant-contrib.jar:/u02/oracle/11.2.0/jlib:/u02/oracle/11.2.0/rdbms/jlib:/u01/Middleware -Dweblogic.system.BootIdentityFile=/u01/Middleware/user_projects/domains/fmw_domain/servers/WLS_IPM/data/nodemanager/boot.properties -Dweblogic.nodemanager.ServiceEnabled=true -Dweblogic.security.SSL.ignoreHostnameVerification=false -Dweblogic.ReverseDNSAllowed=false weblogic.Server
weblogic 13335 11017  0 11:16 pts/2    00:00:00 grep -i wls_ipm
[weblogic@wlsadmin nodemanager]$ kill -9 11938
[weblogic@wlsadmin nodemanager]$

Managed server was already up and running
 or didn't went down properly ..

Now start the managed server  and see issue will get resolve !!!!