Modern tendency of economic development requires serious changes and innovation approaches in management as a science and practice. Innovation in modern management could be divided into three groups. 1. Innovations in management methodology implemented in new areas of management theory. Influences of different culture and national peculiarities caused emerging new modified areas of development in management theory. Management theory also could be changed by globalisation and integration in management methodology functioning. Among the key features of any social-economic system we can highlight to system unbalance. This non-equilibrium state is followed by the self-organizing phenomenon (synergism) of managerial system. Self-organizing approach development demanded new methods of administration and management. This is the origin of synergetic management. The appearance of new tendency in the theory and practice of modern management - gender management - was caused by the diversities in methods of men and women management. The changes in classical management structures led to the network management. Management in non-standard and unique situations, informal problems, and the lack of previous experience led to creative management appearance. The origin of special staff groups with particular roles resulted in the appearance of team management. 2. Innovation in internal elements of general management. General management in a large corporation of different specialization could be divided into operation management, marketing management, financial management, human resource management, international management, innovation management. All of these types of management could be described as educational subjects and areas of science that are developing and making new innovation changes in methods, systems, and tools mastering the research methods in this science area. 3. Innovation in theory and practice of general management. It is connected with mechanism of management as interconnecting elements of management object influences (principles, methods, management functions, elements of information and labour providing). Three areas of innovation development of modern management are described in this article.