The challenges that universities face and the pursuit of quality in mission attainment mark out excellence (to the degree it can be achieved) as a basic objective; a reference criterion and a seal of efficient and effective university management and operation.
In bibliography; there are many articles written regarding excellence in higher education (eg. Ho and Wearn; 1996; Badri and Abdulla 2004; Hides et.al. 2004; Osseo-Assare et.al; 2005; Badri et.al 2006; Sohail and Shaikh;2004; Calvo- Mora et.al 2006); prizes (Baldridge Award; European Quality Award) have been established for institutions that attain high performance level in specific dimensions and roadmaps to excellence have been suggested. The reason for all these actions has been the quality management school of thought and the discussion on its implementation in the university context. However; the concept of excellence is not something recently discovered; it is based on the idea of ‚Äúgood‚ÄĚ; it embraces ‚Äúgood‚ÄĚ and is a basic presupposition for it in a dynamic circle.
Therefore; the aim of this paper is to present the content of excellence through the parchments of the Ancient Hellenic Philosophy and its application in the university context. Further on; the meaning of excellence (aristeia) is presented and is compared with the main concept and principles of TQM; which is considered as a management philosophy that can lead an organization to excellence.
Keywords: Excellence; Quality; Management; University