Abstract
The Management by Objective (MBO) system was widely discredited by the 1980s as not delivering on its promises of efficiency, worker motivation, etc. Now some universities around the world seek to employ such a system for faculty evaluation. This paper comments on the reasons the MBO was largely abandoned in the business world, provides the use of the MBO in Korean education as a case study of current use, and gives suggestions of the conditions under which the MBO or similar evaluation systems would likely be disastrous in an academic environment. This is followed by a series of criteria that a fair and equitable faculty evaluation system should have.