What is the first step of Planning Process in Management?

The first step is to establish goals. These must be distinguished from the general objectives pursued by the company, such as: paying the shareholders appropriately, being a market leader, or even assuming social responsibility or satisfying its employees. The objectives are usually quantifiable (turnover, profit, growth rate) and are delimited over time, usually over several years. The objectives are then "dynamized", transformed into precise actions, in the shorter term, to be achieved.

Thanks

In my opinion collect information and analyzing them, in order to draw the track of plan

Regards

Thanks,

The first step of planning process in management is to identify specific company goals. This portion of the planning process should include a detailed overview of each goal, including the reason for its selection and the anticipated outcomes of goal-related projects. Where possible, objectives should be described in quantitative or qualitative terms. An example of a goal is to raise profits by 25 percent over a 12-month period.

Thanks for invitation,

The first step for any plan is to "Identify goals and objectives" for the planning process.

Identifying your corporate goals.

IDENTIFY GOALS AND OBJECTIVES 

The first step of  planning process in Management is identification of Orgnization  goals. This part of planning process must consist  detail, reason of selection and possible outcomes  of  each goal. 

Identification of objectives and goals.