In the context of growing number and significance of organisation as determinants of wider social dynamics, this essay takes a radical look at the role of top mamangement. Reviewing a recent book, Beyond Management: Essays on the Processes of Institution Building, - the paper examines the need for a sharper focus on social-existential processes as well as the possible help that applied behavioural science can provide to bring these processes into focus so that organisations may find it feasible to accept and perform an institutional role in the society. Such a transformation would make new demands on the organisational leadership in terms of simultaneous involvement and dispossession. Some psychological theories consider it possible and consonant with human development. The place of operating managerial idiologies for managing the organisations as valued societal institutions has also been examined. Finally the possible and desirable directions for action research on psychological aspects of long range planning, and inter-organisation development have been suggested.