Globalization and the rapid implementation of innovations in management processes have fundamentally changed the approach to management education. The need to train modern creative managers is triggered by the needs of business organizations and government agencies. In fact, in the post-Soviet states, the transition to a capitalist management system was completed, but the methods of managing the economy stayed mostly administrative. At the same time, the peculiarity of the development of separate states is so individual and multifactorial that it is impossible to formulate a single recipe for increasing the relevance of management education. Management as the most relevant science of our time, cannot be unified for all states, and the use of its methods, principles, functions very much depends on the mentality of the people, its culture, history, and the characteristics of the ethnogenesis of the nation. The changes that are occurring with a cosmic speed in Azerbaijan dictate an increase in the requirement for the training of modern managers, the changes of our education with the world\'s leading educational institutions. Therefore, the main task of management today in the country is the study of methods and ways of adapting innovation management to the real economy. If these modern challenges are not realized, Azerbaijan will not stand the competition. Therefore, the task of innovation management is a rapid breakthrough in managing the process of introducing new technologies into the economy and training progressive managers. The paradigm of the new millennium is becoming knowledge, increasing the productivity of mental labor, mastering the methods of its measurement. All this is completely related to management education. Consequently, the training of creative managers should be based on new educational standards, which provide for a completely new approach, involving the creation of a unified system. State, business and universities. This social triangle is a necessary condition for the development of society. Management education should be based on new modern learning technologies. The learning process itself must be synthesized with real practice. In the context of globalization, the pace of changes in economic processes, the replication of innovative novelties, their application in the production sector with the intensification of innovation activity on a qualitatively new basis are undoubtedly accelerating throughout the world. In fact, this is the \"positively charged\" effect of globalization, which allows an ever increasing number of countries to benefit from innovative achievements, advanced technical standards and new management practices. According to forecasts, the growth of the world economy in the short and medium term future will occur as a result of the influence of this particular factor. The problems of education are firstly the preparation of highly qualified, specialized managers; secondly, the mass involvement of students in the process (through the start-ups) of creating innovative products that can withstand competition. The role of the state, in this case, is a) to coordinate the activities of start-ups, the creation of technoparks and technopolises; and b) economic incentives for their activities. It seems expedient to create integrated technoparks based on the synthesis of business ideas and resource opportunities. Modern information technologies allow solving this problem. At the same time, in this case, the problem of human capital development will be solved, the main indicator of which is education. Changes that occur in the training of managers require its cooperation by modern world universities.