Abstract: The impacts of artificial intelligence on industrial transformation have changed the practice of business management. However, constructed under the relatively stable order, the tradition management theory is difficult to explain the management problems in the era of artificial intelligence. In order to update the management theory, the paper discusses some impacts on management practices and theory brought by artificial intelligence. The impacts include: (i) the "transparency" of the stuff and the "humanization" of artificial intelligence, (ii) the diversification of internal and external environment which make the hierarchical management method difficult to adapt, (iii) precise performance revaluation and changes in requirements for job skills which lead to the revolution of the performance management process, and (iv) changes in the basis of industry competition which encourage enterprises to rethink their value propositions. The paper also proposes recommendations to develop management theory; including exploring the characteristics of artificial intelligence, borrowing other disciplinary theories and combining the management practices.