publicvalue
Publicvalue, sometimes written as "public value," refers to the value created by public sector activity for citizens and society, capturing outcomes that matter beyond market transactions and financial metrics. The concept emphasizes legitimacy, public trust, and social well-being as essential components of value.
Origin and development: The term is closely associated with the public value framework introduced by Mark Moore
Core elements: Publicvalue is judged by: (1) desirability for citizens and communities; (2) legitimacy and support
Measurement and use: In practice, publicvalue assessments combine qualitative and quantitative indicators, citizen consultations, case studies,
Criticism: Critics argue the concept can be ill-defined or politicized, difficult to operationalize, and risk instrumentalizing