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At the beginning is worth recalling the generally accepted definition of management. Management leadership is an activity involving the decision-making and control of resources, processes and information in the organization in order to achieve optimal results in the most efficient and cost-effective way and in accordance with the social rationality of actions. Management is thus a kind of journey through the chaos, is a kind of reality construction of the available items which can include: ideas, people, relationships, and formal - legal institutions, material and monetary resources as well as the right to dispose of them. There is also a view that management is control over the diversity and transformation of potential conflict into collaboration. Therefore, management should apply to all resources (personal and material, material) and to all aspects of the organization known as managed organizations, but in fact is related to the activities of the higher and highest levels in the hierarchy of the organization, which embrace a whole aspect and where exactly all the resources are allocated. At lower levels, especially at the executive level, management is better and should be cultivated by good managers. Challenges of the XXI century affect the process of development and the pursuit of business excellence. This is evident in several areas, notably globalization and internationalization of the world economy. Multinational companies increasingly seek newer markets and cheap labor. This affects the development of investment in less developed countries. Analyzing the failure of the pioneers of the company or its competitors in the industry, they implement the latest technologies by eliminating the twenty-first century ineffective. The dynamism of the global economy causes a continuous process of improving the operation and management of many companies. Entrepreneurs do not keep up with the productive and very fast in practice use of knowledge and information. The phenomenon of entrepreneurship is an essential element of economic competitiveness in world markets and many large and small businesses. What actually is meant by saying to be enterprising. Assumed that to be entrepreneurial, it means to be creative, innovative, flexible. Every manager, regardless of specialty, and level of function in addition to act as one plays in the organization the social roles expected by other members. The article presents the nature of the manager's work, types of managers, managerial job requirements and principles of work organization, as well as key roles and skills, in terms of modern management.
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