Annual planning is the process of setting goals and objectives for a company for the upcoming year. This involves assessing the current state of the business, analyzing market trends, and developing strategies for growth and improvement. The planning process may involve collaboration between various departments and stakeholders, and may include budgeting, resource allocation, and timeline development. Effective annual planning can help businesses to stay competitive, optimize operations, and achieve long-term success. Proper management of annual planning requires a comprehensive understanding of the company’s goals and objectives, as well as access to relevant data and insights to inform decision-making.