If there is a plan to increase production then more labour and more machinery will be required. This step would also involve organizing for labour and purchase of machinery.

Identify this step in the process of planning.

Implementing the plan 

The correct answer is option 2 i.e. Implementing the plan.

This is the step where other managerial functions also come into the picture. The step is concerned with putting the plan into action, i.e., doing what is required. For example, if there is a plan to increase production then more labour, more machinery will be required. This step would also involve organising for labour and purchase of machinery.