The process for motivating employee performance in which the manager and employee jointly set objectives for the employee, the manager develops action plans, the manager and employee periodically review the employee's performance, and the manager makes a performance appraisal and rewards the employee according to results is known as

The correct answer is: Management by Objectives (MBO).

Explanation:

Management by Objectives (MBO) is a process in which a manager an employees agree on specific performance goals and then develop a plan to reach those goals. First outlined in Peter Drucker's 1954 book "The Practice of Management", MBO ensures better employee participation and commitment while aligning objectives throughout an organization.

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