A method and system for managing an application with multiple modes are described. A device manager that manages a mobile device may monitor the mobile device. The device manager may detect that a first type of application that runs in a managed mode (or in multiple managed modes) and an unmanaged mode is installed on the mobile device. When the application is executed on the device, the application executes in accordance with the selected application mode, e.g., based on location, user, role, industry presence, or other predefined context.