excellence

excellence
Gen Mgt, Ops
a state of organizational performance achieved through the successful integration of a variety of operational and strategic elements that enables an organization to become one of the best in its field. Excellence is initially evident when an organization rises above its competitors, and it is usually measured by the ability to sustain a leading or significant market share. The strategic and operational elements contributing to excellence include the organization’s approach to total quality management, quality assurance, quality awards and quality standards, core competency, benchmarking, customer service, the balanced scorecard, and leadership. Taken altogether, these components should produce an organizational approach to the generation, development, and delivery of products and services that is better, cheaper, and smarter than that of the competition. Attempts at becoming an excellent organization have spawned terms such as best practice, bestin-class, and world class manufacturing and are usually associated with a holistic approach to competitive advantage.

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  • excellence — [ ɛkselɑ̃s ] n. f. • 1160; lat. excellentia, de excellere → exceller 1 ♦ Littér. Degré éminent de perfection qu une personne, une chose, a en son genre. ⇒ perfection, supériorité. L excellence d un vin. « S ils connaissaient l excellence de l… …   Encyclopédie Universelle

  • Excellence — is the state or quality of excelling. Particularly in the field of business and organizations, excellence is considered to be an important value, and a goal to be pursued. See also * Excellent Cadavers * Excellent Women * Excellency * National… …   Wikipedia

  • excellence — ex‧cel‧lence [ˈeksləns] noun [uncountable] HUMAN RESOURCES when someone is very good at something, or when something is of very high quality: • Employers should reward achievement and encourage excellence. * * * excellence UK US /ˈeksələns/ noun …   Financial and business terms

  • excellence — Excellence. s. f. v. Degré de perfection au dessus des autres. En quoy consiste l excellence de cette Musique, de cette Comedie, de ce livre? cela est beau par excellence. je n en connois pas l excellence. c est en cela qu est l excellence.… …   Dictionnaire de l'Académie française

  • excellence — excellence, merit, virtue, perfection are comparable when meaning a quality or feature of a person or thing that gives him or it especial worth or value. Excellence applies to a quality or feature in which the person or thing excels or surpasses… …   New Dictionary of Synonyms

  • excellence — Excellence, Claritas, Exuperantia, Praestantia, Splendor, Excellentia. Excellence de dignité resident en la personne des Rois, ou au corps d un peuple vivant en democratie, Maiestas. Excellence et dignité soit à cause de la race, ou pour quelque… …   Thresor de la langue françoyse

  • Excellence — Ex cel*lence, n. [F. excellence, L. excellentia.] 1. The quality of being excellent; state of possessing good qualities in an eminent degree; exalted merit; superiority in virtue. [1913 Webster] Consider first that great Or bright infers not… …   The Collaborative International Dictionary of English

  • excellence — mid 14c., from O.Fr. excellence, from L. excellentia, from excellentem (see EXCELLENT (Cf. excellent)) …   Etymology dictionary

  • excellence — index caliber (quality), efficiency, merit, prowess (ability), right (righteousness), signi …   Law dictionary

  • excellence — [n] superiority arete, class, distinction, éclat, eminence, excellency, fineness, goodness, greatness, high quality, merit, perfection, preeminence, purity, quality, superbness, supremacy, transcendence, virtue, worth; concept 671 Ant. failure,… …   New thesaurus

  • excellence — ► NOUN ▪ the quality of being excellent …   English terms dictionary

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