In recent years, Japanese enterprises gradually represent the imposing manner of stronger international competitiveness, in the meantime academic research units and consultant firms show great interest in introspecting and rethinking a favorable way to build the new model of Japanese society and enterprise; especially the Principles of Management-by-results is concerned. However, no matter how the Principles of Management-by-results may evolve or change in quality, the central key factor is always the personnel appraisal method and system. This paper provides a useful way of understanding the transformation of Japan's Principles of Management-By-Results, and some hints that enable Taiwanese enterprises to effectively and successfully handle these similar problems.