This chapter explains the need to advance on the ‘standard neo-Aristotelian model’ in light of contemporary research. It argues for a four-componential neo-Aristotelian phronesis model allowing for empirical as well as theoretical scrutiny. The four functions are (a) the constitutive function, or the ability to perceive the ethically salient elements of a situation; (b) the integrative function that allows one to choose the best action when conflicting demands arise; (c) the blueprint function or the person’s general understanding of how actions conduce to a flourishing life that motivates and guides a person’s actions, and (d) the emotional regulative function, or the ability to integrate one’s emotional experience with reason to appropriately shape those emotional responses in wise action. The chapter ends by looking at other philosophical accounts of phronesis and scepticism about the need for a phronesis model.