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Arete (Ancient Greek: ἀρετή, romanized: aretḗ) is a concept in ancient Greek thought that, in its most basic sense, refers to "excellence" of any kind [1] —especially a person or thing's "full realization of potential or inherent function." [2] The term may also refer to excellence in " moral virtue." [1]
Business acumen, also known as business savviness, business sense and business understanding, is a combination of knowledge, skills, and experience that enables individuals to understand business situations, make sound decisions, and drive successful outcomes for an organization. [citation needed] It is also defined as "keenness and quickness ...
Operational excellence. Operational excellence refers to the systematic implementation of principles and tools designed to enhance organizational performance and create a culture focused on continuous improvement. It enables employees at all levels to identify, deliver, and enhance the flow of value to customers.
Virtue. A virtue (Latin: virtus) is a trait of excellence, including traits that may be moral, social, or intellectual. The cultivation and refinement of virtue is held to be the " good of humanity" and thus is valued as an end purpose of life or a foundational principle of being. In human practical ethics, a virtue is a disposition to choose ...
In terms of its etymology, eudaimonia is an abstract noun derived from the words eû ('good, well') and daímōn ('spirit or deity'). [2]Semantically speaking, the word δαίμων (daímōn) derives from the same root of the Ancient Greek verb δαίομαι (daíomai, "to divide") allowing the concept of eudaimonia to be thought of as an "activity linked with dividing or dispensing, in a ...
Summum bonum. Summum bonum is a Latin expression meaning the highest or ultimate good, which was introduced by the Roman philosopher Cicero [1][2] to denote the fundamental principle on which some system of ethics is based — that is, the aim of actions, which, if consistently pursued, will lead to the best possible life.
Perfection is a state, variously, of completeness, flawlessness, or supreme excellence. The term is used to designate a range of diverse, if often kindred, concepts . These have historically been addressed in a number of discrete disciplines , notably mathematics , physics , chemistry , ethics , aesthetics , ontology , and theology .
A virtue ethicist identifies virtues, desirable characteristics, that an excellent person embodies. Exhibiting these virtues is the aim of ethics, and one's actions are a reflection of one's virtues. To the virtue philosopher, action cannot be used as a demarcation of morality, because a virtue encompasses more than just a simple selection of ...