Saurabh decided to start a chocalates manufacturing business. He set the target of earning `10%` profit on sales in the first year. As a good businessman, he was concerned about the future of the business, which was uncertain. He gathered information that the demand for chocalates is increasing day by day. He used this information as the base for future planning and shared it with his team. On the basis of the gathered information, he decided a meeting in the following week to find innovative ways to achieve the objectives.
List the first two steps, which have been followed by Saurabh that are related the process of one of the functions of management.

Explanation

The function of management referred here is planning
The first two steps of planning followed by Saurabh are
(i) Setting objectives
(ii) Developing premises