Zionism was coined by Nathan Birnbaum in the 1890s. It meant "the national movement for the return of the Jewish people to their homeland and the resumption of Jewish sovereignty in the land of Israel.
(Jews Virtual Library, an American-Israeli Cooperative Enterprise (online),
From Haaretz, a Jewish website- "The belief that Israel belongs to the entire Jewish people." A long discussion of the meaning. It discusses the Law of Return; a concession is to a "Palestinian state" and the hope that it would have a similar law.
However, the area of the Palestinians is slowly being eroded away by the current leaders of Israel.

MGM says the aims of Zionism have been fulfilled- not so in the minds of Israel's leaders, who continue to add Palestinian territory and hope for its eventual addition to Israel.