The aim of the article is to describe the existential aspects of management, as the manager often deals with a situation of subordination of his/her internal (spiritual) world to external circumstances. The manager must first master the skills of control over his own state of mind, and then try to understand the spiritual world of managees. Managerial work involves stress, mental strain, and often unpredictable situations. Introspection, awareness of the selfhood, individuality and selfness – this is the path of the manager to himself. The aim of the article is also the study of the basic directions of the managers’ activity, that are not investigated in the current scientific literature on the theory of management, and the evaluation of the necessary and logical actions in his particular situation. Hence, it may be stated that the existential theory of management shows the way of successful managers, creating themselves through own existential choices and actions resulting from them. The existence and activities of managers are limited by situational nature, and success or failure, conflict and struggle, guilt and death, present in all of their actions are an unavoidable part of such a situation.