Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Public value is the equivalent of shareholder value in public management. Public value can be instituted as an organising principle in a public sector organisation, providing a focus in the context of which individual employees are free to pursue and propose new ideas about how to improve the working of the organisation, in terms of efficiency or services. Public organisations seeking to use public value as a principle need to create a corporate culture in which the pursuit of public value by employees is rewarded just as pursuing shareholder value is rewarded in private corporations. The term and concept were invented by Harvard professor Mark H. Moore, who published a book on the subject, Creating Public Value Strategic Management in Government, in 1995.

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