Nowadays companies concern more about how to survive and extend their own business
in future in their current marketplace. However, developing and prospering a region of the
country is becoming more crucial question. Successful cooperation and partnership between
different sectors of economy (for instance, between companies, public and academic sectors)
leads to the flourishing and prosperity of the region and consequently of a country. European
Commission established smart specialization platform, which is a strategic approach to economic
development of a region. By defining and developing of vision, competitive advantages
and strategic preferences, region will determine knowledge-based potential. The purpose of
this paper is to assign and define the collaboration/relations existed, how strong these relations
are and what the expectations are between 3 sectors of economy: public, academic and
business. Area of carrying out this research is Ostrobothnia region, however, connections
in other regions of Finland and internationally is also presented. There have been chosen 3
industrial peaks from Ostrobothnia region: Energy, Fur and Boat industrial peaks. Analysis
is conducted by implementing two core methods: Sense & Respond (S&R) and Sustainable
Competitive Advantage (SCA). The goal of this research is also to use S&R method so
as to allocate efficiently resources, and to define competitive priorities in cooperation. The
main results show that the most tight collaboration and partnership is observed between
companies and companies in all around Finland and internationally. While concerning other
relationships, companies expect to have tighter cooperation especially in Ostrobothnia and
other regions of Finland.
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