<p>This report describes Korea’s experience with its individual performance appraisal system. The report explains the system’s formal structures and its actual operations along<br />
with the political and social context in which the major changes took place. This approach will provide the audience, particularly developing countries, with insight into understanding “why certain things were possible in Korea” and exploring “what each developing country<br />
has to do, taking into account its own conditions.”</p>
<p>Korea’s results-based management theory emerged as a moral concept rather than a technical tool for management. Since the country had to rebuild the entire country from the<br />
ashes of the Korean War, the can do spirit was easily implanted in the minds of the people. Their hard work and sacrifice were efficiently managed toward national visions, known as five-year economic plans. Again and again, the country achieved these five-year visions, consisting of increasingly ambitious targets. And Korea earned the title of the “miracle economy.”</p>
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<p>Kong, Dongsung; Kim, Soonhee; Yang, Seung-Bum</p>