Which analytical method involves assessing strengths, weaknesses, opportunities, and threats of an organization?

The analytical method that focuses on assessing the strengths, weaknesses, opportunities, and threats of an organization is known as SWOT analysis. This framework is widely used in strategic planning and decision-making processes, providing a comprehensive overview of both internal and external factors that can impact an organization's success.

In the context of SWOT analysis, strengths and weaknesses relate to the internal attributes of the organization, which can influence its performance. Opportunities and threats, on the other hand, pertain to the external environment and can either provide potential advantages or pose challenges to the organization. By systematically evaluating these four elements, organizations can identify strategic priorities, leverage their strengths, mitigate weaknesses, capitalize on opportunities, and prepare for potential threats. This makes SWOT analysis a valuable tool for aligning an organization’s resources and capabilities with the demands of its environment, facilitating effective strategic planning.