Crisis of the Management Paradigm-Is there light at the end of the tunnel?

This paper attempts to rethink the development of management theory in its classical format, to understand the fundamental causes of a critical attitude to its findings and allegations and justify the conceptual continuum, in which it is possible to achieve a public consensus on the model of knowledge on the management in socio-economic systems. A comparative analysis of existing management paradigms and methodological concepts of management was carried out, showed that the basic assumption that limits the development of management theory is the assumption that the organization is a closed system. In fact, none of the socio-economic system can only be developed, but also exist without communion with the external environment. Authors think that a context-oriented management concept may be the answer to many questions to the management theory today.