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Public Value

  • Public value (PV) signifies an organization’s subjectively relevant contribution (positive or negative) toward the common good. It describes the quality of the relationship between an individual and this individual’s own image of society. Whether something subjectively holds PV is therefore dynamic in nature. Consequentially, PV cannot be actively created in a deterministic sense (by an organization, e.g.), as it originates only in the evaluating individual. According to the public value theory (Meynhardt, 2008, 2009, 2015; Meynhardt et al., 2016), what is valued is determined by the subjective fulfillment of four basic needs: (1) gaining control and coherence over one’s conceptual system, (2) positive relationships, (3) maximizing pleasure and avoiding pain, and (4) positive self-evaluation.

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Document Type:Part of a Book
Author:Timo MeynhardtORCiD
Chairs and Professorships:Chair of Business Psychology and Leadership
Parent Title (English):International Encyclopedia of Civil Society
Place of publication:Cham
Year of Completion:2022
First Page:1
Last Page:8
Page Number:8
Date of first Publication:2022/05/17
Tag:Common good; Common we; Public interest
Content Focus:Academic Audience
Licence (German):License LogoUrheberrechtlich geschützt