Nexus Pvt. Ltd. planned to expand its logistics division by introducing electric vehicles for delivery. The management set a goal to reduce carbon emissions by 30% in the next two years and allocated a specific budget for the same. They are currently evaluating whether to lease vehicles or purchase them outright. Which step of the planning process is being undertaken here?
1
Setting objectives
2
Evaluating alternative courses
3
Developing premises
4
Follow-up action