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Early into his managerial career, Živadinović spent one and a half years at the helm of Sutjeska Nikšić. He was also manager of Turkish club Sakaryaspor on two occasions during the 1980s. In between his two stints in Turkey, Živadinović was manager of Novi Sad in the Yugoslav Second League.
In August 1998, Živadinović was appointed as manager of FR Yugoslavia, replacing Slobodan Santrač following the 1998 FIFA World Cup. He led the team at the start of the qualifying campaign for UEFA Euro 2000, taking the maximum nine points in his three games in charge. However, in July 1999, it was reported that Živadinović would take over as manager of Saudi club Al Nassr after the conclusion of Yugoslavia's involvement in the Euro 2000 qualifiers. He was consequently dismissed from his job with the national team and replaced by Vujadin Boškov.
During the 2000s and early 2010s, Živadinović served as manager of several African and Asian nations, including Iraq, Ghana, Yemen, and Myanmar. He guided Iraq at the 2000 AFC Asian Cup, exiting the tournament in the quarter-finals.