Creating Public Value: The Core Idea of Strategic Management in Government

Abstract

This insight highlights the concept of creating public value by public managers through the use of assets entrusted to them by society, including public funds, regulatory authority over private actors, and the pre-existing public spirit. To achieve this, public managers must possess entrepreneurial skills and a restless, value-driven imagination to identify and pursue opportunities that enhance public welfare. However, this management approach also demands a comprehensive understanding of, and adherence to, democratic legitimation and public accountability processes. Ultimately, the text underscores the importance of focusing on public value creation as a guiding framework for effective public service delivery and the advancement of the common good.