This study presents an overview of management history, comparing ownership and management structures. Both views were formed on the basis of secondary literature. First of all, under the influence of technological changes, increasing the scale of production and the introduction of science has led to the emergence of large corporations and in the first plan imposed by managers. Under these conditions, separation of ownership and management has been described by Berle and Means in their study in the thirties of the last century. Management theory has been particularly involved in shaping a model that is try to find identify the consequences of separating ownership and management from the company's goals. It is common to most management theory models that point to a new role for managers and constraints on their performance. They want to have a secure job, so to ensure that, the firm must achieve steady growth. On the other hand, financial markets are very sensitive and manifest any difficulties (eg over-indebtedness or excessive retained earnings), so that the equilibrium position of the company is the result of the action of all listed factors. These authors believe that the maximum possible to prevent shareholders from the arbitrary actions of managers existence of three markets: the market of corporate governance, markets and managerial labor market products company in question. The better functioning of each of these markets will be the less conflict of interest between shareholders and managers. Globalization, both as an ideology and as a process, has become the dominant political, economic and cultural force in the 21st century. Managers must demonstrate skills of strong business knowledge, have awareness and sensitivity to cultural differences and standards, and must show courage, commitment and integrity. As organizations are changing, leadership has to find ways to adapt to these changes. The task of management under globalization conditions is to find solutions that would be optimal for meeting all the needs in a global society as well as for gaining business profits.