Identify the different stages of planning process described in the attached paragraph. Quote the relevant lines to do so.

12.  Mrs. Neeraj Dhariwal, the Managing Director of 'Parshu Foods Limited' held a meeting with the Sales Manager in order to fix the target of sales for the following year. For this purpose she studied the sales trend of the previous five years. She came to know that the company's sales were increasing at the rate of 30% every year. For this she did the market survey also. From this  she learnt that the biggest competing company which was running in loss, was planning to leave this business and enter some other business. Taking it for granted that the company would definitely enter some other business, Mrs. Dhariwal doubled the target from the previous year. All the Departmental Managers were directed to make their respective preparations to achieve this target. The sales manager kept a close watch over the sales rate of his company and the activities of the competing company. After some time, he felt that the competing company was not leaving its current business, but was planning for improvement in it. The Managing Director called an urgent meeting of all the Departmental Managers so as to make changes in his plans.