In today's business world, contemporary management, circular economy and sustainable development are gaining more and more importance and becoming the paradigm of the future. This research will show how these concepts interact and how they can contribute together to the creation of a more sustainable global economic system. Contemporary management focuses on efficiency, innovation and responsibility to interest groups, which achieves long-term competitiveness and profitability of organizations. In the context of the circular economy, the emphasis is on minimizing waste and efficient use of resources, which directly supports the goals of sustainable development. Sustainable development, on the other hand, strives for a balance between economic, social and environmental aspects in order to meet the needs of today's generations, without jeopardizing the opportunities of future generations. The combination of these paradigms can create positive synergistic results. For example, implementing a circular economy requires innovative approaches in supply chain management, which reduces costs and negative environmental effects. At the same time, contemporary management can support sustainability by integrating social responsibility into business strategies and practices. In the future, these paradigms will open more and more new business opportunities. Companies that successfully integrate the circular economy into their operations can create a competitive advantage in a market that increasingly values sustainability. At the same time, management that relies on the principles of sustainable development can attract investors and customers who are increasingly responsible and aware of social and environmental problems. It is concluded that contemporary management, circular economy and sustainable development represent integrative approaches that can transform the way of business and live. Their implementation requires changes in organizational culture, technology and regulatory framework. Promising results in the form of better environmental protection, social justice and economic stability make them indispensable for the future of global business.
Stevovic et al. (Mon,) studied this question.