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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]
A center of excellence ( COE or CoE ), also called an excellence center, is a team, a shared facility or an entity that provides leadership, best practices, research, support, or training for a focus area. Due to its broad usage and vague legal precedent, a "center of excellence", in one context, may have completely different characteristics ...
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 ...
Organizational effectiveness. Organizational effectiveness is a concept organizations use to gauge how effective they are at reaching intended outcomes. [1] Organizational effectiveness is both a powerful and problematic term. It may be used to critically evaluate and improve organizational activities; this is one of its strengths.
Operational excellence is a mindset that embraces certain principles and tools to create a culture of excellence within an organization. Operational excellence means every employee can see, deliver, and improve the flow of value to a customer. This approach employs the tools of earlier continuous improvement methodologies, such as lean thinking ...
Phronesis ( Ancient Greek: φρόνησῐς, romanized : phrónēsis) is a type of wisdom or intelligence concerned with practical action. It implies both good judgment and excellence of character and habits, and was a common topic of discussion in ancient Greek philosophy.
In Search of Excellence is a book written by Tom Peters and Robert H. Waterman Jr. First published in 1982, it sold three million copies in its first four years, and was the most widely held monograph in the United States from 1989 to 2006. [1] The book explores the art and science of management used by several companies in the 1980s.
The Japanese word kaizen means 'improvement' or 'change for better' (from 改 kai - change, revision; and 善 zen - virtue, goodness) with the inherent meaning of either 'continuous' or 'philosophy' in Japanese dictionaries and in everyday use. The word refers to any improvement, one-time or continuous, large or small, in the same sense as the ...