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The era of hybrid governance is here. More and more organizations occupy a position between public and private ownership. And value is created not through business or public interests alone, but through distinct forms of hybrid governance. National governments are looking to transform their administrative systems to become more business driven. Likewise, private enterprises are seeing value gains in promoting public interest in their corporate social responsibility programs.
But how can we conceptualize, evaluate and measure the value and performance of hybrid governance and organizations? This book offers a comprehensive overview of how hybrids produce value. It explores the drivers, obstacles and complications for value creation in different hybrid contexts: state-owned enterprises, urban policy-making, universities and non-profits from around the world. The authors address several types of value contents, for instance financial, social and public value. Furthermore, the book provides a novel way of understanding multiple forms of doing value in hybrid settings. The book explains mixing, compromising and legitimising as important mechanisms of value creation.
Aimed at researchers and students of public management, public administration, business management, corporate social responsibility and governance, this book provides a theoretical, conceptual and empirical understanding of value creation in hybrid organizations. It is also an invaluable overview of performance evaluation and measurement systems and practices in hybrid organizations and governance.
List of contents
Part I Muddling through value creation in evolving society 1. Value creation among hybrids 2. Presenting the topics of the volume Part II Mixing value forms in the context of hybridity 3. The quest for value creation in state-owned enterprises 4. Nested hybridity and value definition in public higher education: a conceptual view 5. Integrating the private economy with the public transport sector in China 6. Temporary organisations as hybrids - Challenges and mechanisms for public value creation Part III Compromises on value creation in hybrid settings 7. Multiplicity of values in measuring performance of hybrids: the case of social care 8. Performance goals as boundary objects - A compromise between different value definitions in hybrids 9. Complexity of value proposition in hybrids - The Japanese experience Part IV Creating value through legitimization 10. Value that matters: Expansive and restrictive hybridity in public-private pension schemes 11. The Hybrid state of public universities in Austria 12. Value creation by two types of hybrid organizations: opportunities and risks Part V Value creation and beyond 13. Value creation between and among levels of hybrid governance 14. Postscript
About the author
Jarmo Vakkuri is a Professor of Local Public Economics at the Faculty of Management and Business, Tampere University, Finland, and the Director of the research group on Public Financial Management.
Jan-Erik Johanson is a Professor of Administrative Science at the Faculty of Management and Business, Tampere University, Finland, and the Director of the research group on Administrative Science.
Summary
Aimed at researchers and students of public management, business management, corporate social responsibility and governance, this book provides a theoretical, conceptual and empirical understanding of value creation in hybrid organizations.
