SWOT analysis, an acronym for strengths, weaknesses, opportunities, and threats, serves as a strategic evaluation tool for organizations, emphasizing both internal and external factors impacting business performance. It originated from research funded by Fortune 500 companies in the 1960s and has become a widely used technique in strategic management, as demonstrated by surveys indicating its relevance. Conducting a SWOT analysis involves identifying key factors, which helps organizations strengthen their positions against competitive threats and exploit opportunities effectively.