Management is a process of achieving objectives with activities from other people. The goal of management has been changing for centuries but the core remained the same. Today, management is different than management 50 years ago, and management in the future may be also different from today. The new age brings new challenges, such as the challenge of globalization, which brings a variable and turbulent managerial environment, which is no longer local but global. Functions of management must adapt to the changing international environment necessitating the need for the development of intercultural management. In the future, the importance of an individual will be reduced. Achievement of the organization and organizational goals will be more important. The competition will be more intense. The manager of the future will have to be innovative, creative, able to adapt to changes, to deal with diversity, and to manage crisis.