A festival is an event usually celebrated by a community and centered on some characteristic aspect of that community.
This is exactly what we aspire to! Public value is value for the public – a result of evaluations about how basic needs of individuals, groups and the society as a whole are influenced in relationships involving the public. Public value then is also value from the public.
“Public Value for stakeholders is the natural partner to long-term value for shareholders, united through a corporation’s purpose. Arguably, there can be no long-term value without public value since a corporation’s social function is the basis for earnings and hence the right/responsibility to perform.”