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Work ethic is a belief that work and diligence have a moral benefit and an inherent ability, virtue or value to strengthen character and individual abilities. [1] Desire or determination to work serves as the foundation for values centered on the importance of work or industrious work. Social ingrainment of this value is considered to enhance ...
In his 2012 book Seeing the Big Picture, Business Acumen to Build Your Credibility, Career, and Company, Kevin R. Cope states an individual who possesses business acumen views the business with an "executive mentality", with the ability to comprehend how the moving parts of a company work together to make to ensure success, and how financial metrics like profit margin, cash flow, and stock ...
High-performance teams (HPTs) is a concept within organization development referring to teams, organizations, or virtual groups that are highly focused on their goals and that achieve superior business results. High-performance teams outperform all other similar teams and they outperform expectations given their composition. [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 from ...
Job satisfaction, employee satisfaction or work satisfaction is a measure of workers' contentment with their job, whether they like the job or individual aspects or facets of jobs, such as nature of work or supervision. [1] Job satisfaction can be measured in cognitive (evaluative), affective (or emotional), and behavioral components. [2]
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.
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]
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.