Final answer:
SWOT analysis is beneficial for identifying internal strengths and weaknesses, as well as external opportunities and threats, aiding in strategic planning and facilitating informed decisions.
Step-by-step explanation:
The benefits of SWOT analysis include the ability to identify strengths, weaknesses, opportunities, and threats within an organization or a given situation. By recognizing these elements, a company or individual can devise strategies to utilize strengths and opportunities while addressing weaknesses and avoiding threats. This analysis helps in strategic planning by guiding decision-makers towards more informed and deliberate choices that consider both internal and external factors. Benefits also include fostering a new perspective, enhancing understanding of context, promoting innovative thinking, and generating new knowledge.