Harry Frankfurt established the discourse about "bullshit" in social sciences. However, in business and economics the concept is not that widely used. The purpose of this study is to explain the concept of "bullshit management". The method of research is qualitative, systematic literature review which includes bibliographical data from the Internet databases. The results leads us to two main meanings of "bullshit management". The first one is "humbug" language in business practice and the second is pseudo-scientific discourse in management theory. CMS could be the theoretical background for "bullshit management" thinking. In conclusion we underline that the critical approach to "bullshit management" could play the Ockham's razor role.