Final answer:
A SWOT analysis is a study conducted by an organization to identify its internal strengths and weaknesses, as well as examine external opportunities and threats. It is a strategic planning tool commonly used in business to assess the current situation and determine the best course of action.
Step-by-step explanation:
A SWOT analysis is a study conducted by an organization to identify its internal strengths and weaknesses, as well as examine external opportunities and threats. It is a strategic planning tool commonly used in business to assess the current situation and determine the best course of action.
The analysis involves identifying the organization's strengths, which are its positive attributes or resources that give it a competitive advantage. Weaknesses are negative factors or limitations that hinder the organization's performance. Opportunities are external factors that may benefit the organization, while threats are external factors that may pose risks.