Valued and Disvalued Effects of Organizations
Public Value is a framework for thinking about how organizations contribute to society. Public Value theory posits that organizations create both valued and disvalued effects on society, and these effects can be recognized and accounted for in a way similar to a financial profit & loss statement. The multiple dimensions of value include client satisfaction, individual or societal welfare, and individual or societal justice. Public Value goes beyond typical environmental and governance factors to describe and account for how organizations contribute to our current systems of welfare and justice.
Applying the Public Value framework to your organization is a complex but invaluable way to analyze the effects of your contributions to your corporate – and social – environment.
This is an original adaptable illustration.