Management, which thrived as a science as a result of the economic and social development, became a field that effectively uses achievements of sciences that have been developing their methods and theories for ages, e.g. philosophy, strategy or exact sciences. In recent years, we have observed theories connected with exact sciences being transferred into management studies. One of such theories is chaos theory, which is visible in mathematics and physics. This paper presents general principles connected with using chaos theory in management. It presents basic definitions, such as chaos edge, time edge and rhythm of changes. It also systematises views and achievements of both foreign and Polish theories. While discussing the role and importance of this relatively new concept of management, the author tried to show its utilitarian character.