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Документ Collaborative Approach to Management Using a Three-Way Management Model(2019) Borshch, Viktoriya I.; Aizenshtat, A. L.; Борщ, Вікторія Ігорівна; Айзенштат, А. Л.; Борщ, Виктория ИгоревнаDue to the current economic instability, environmental and social change the problem of collaborative governance is very urgent for Ukraine, as well as other developing countries. The purpose of this scientific article is to examine theoretical and practical applications of the collaborative approach to the governing of the state, using a tripartite management model. In particular, the paper investigates the tripartite model (triad) as an integrative framework that includes three sectorssocial, political and financial. The political sector is represented in government, financial one in for-profit organizations, and social sector in any chosen NGO or NPO, which will act as a mediator between the public and government. Moreover, the author suggests that only though collaboration between those three sectors the effectiveness of the state governance could be achieved, also ensuring the sustainable development. The article presents a compelling argument against establishing sole power in the hands of a single institutional entity, instead outlining the possible benefits of sharing power and responsibility among all citizens. Using the example of Ukraine, it delineates a potential scenario where state adopts the triad to undertake a path to sustainable development. Therefore, while the article limitations might be in that it carries mostly theoretical implication of the tripartite management model, it nevertheless builds a successful ground for adoption of this model in the future by any developing country.