Management theory has not kept pace with developments of concepts in other fields especially in science. As a result, managers have gone out of tune with modern paradigm. Gerald Holton, a noted philosopher has observed that “…science has always generated an important part of our symbolic vocabulary and provided some of the metaphysical bases and philosophical orientations of our ideology”, in this light, development of management theories has been analyzed in this article in the context of evolving scientific thoughts especially quantum mechanics. It has been argued that there is a need for a new management concept which does not follow traditional style in the classical sense of “control and supervision” but adopts a new style which is in tune with quantum mechanical concept and follow “cooperate and contribute” philosophy.
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