In utilizing the theory of management by objectives (MBO), common goals are set by both managers and subordinates, individual members' areas of responsibilities are defined, and resource allocations are made according to the planning and achievement of objectives. At academic institutions, common benefits of MBO include measurable objectives jointly set by faculty and administrators that increase motivation and provide allocation of institutional resources and rewards for performance. At DeKalb College (Georgia), where an MBO-oriented system of management is in place, a study was conducted of faculty from the former Mathematics and Science division and middle and higher administrators to determine their opinions regarding the functioning of MBO. Survey results, based on responses from 28 faculty and 10 administrators, including 7 department chairs, 2 division deans, and the college president, included the following: (1) six faculty and two administrators were not aware that the college used MBO; (2) 14 respondents felt that objectives were declared in terms of specific achievements, while 21 agreed that completion dates were required for most objectives; (3) most faculty reported that they had not been trained in the principles of objective setting and MBO; and (4) with respect to MBO's improvement of motivation and communication, the majority of respondents gave mixed results. The results indicated that while the system essentially followed MBO principles, efforts to inform faculty regarding the system should be improved. An MBO pyramid of levels and goals from the college is appended. (TGI)