Managerial planning is the process whereby managers assess an organization’s goals and create a plan of action for meeting those goals. Goals are the desired outcomes or results that people intend to achieve. Organizational goals can also be called as overall objectives. As planning is of great importance to an organization, the whole process of planning should be carried out in a systematic manner.

1. Set the goals and objectives
2. Identify resources that are needed
3. Determine the action plans
4. Implement and evaluate the plans
5. Identify adjustments to be made

The correct answer is Choice C.