This study examines the written and visual results of a participatory systems-mapping process used to explore undergraduate research at a large, public research university in the United States. With the university's transition to a high-impact practice model, the institutional value of undergraduate research has increased, but challenges remain in implementing the practice equitably and inclusively, especially in the complex environment of higher education. The systems-mapping process reveals the subtle, often conflicting dynamics that underlie the undergraduate research enterprise, while simultaneously supporting the emergence of a shared vision, or story, of what the undergraduate research experience could be.