8. SWOT analysis (Connect, Perform)Use your understanding of strategic management to complete the sentence below. When managers engage in a systematic analysis of the organizationâs internal and external environment, they are engaged inSWOT analysis. Use your knowledge of strategic planning to select the response that best complete the following sentences. When conducting a SWOT analysis, information about turnover, profit margins, and staff quality can be used to identify:Environmental opportunities and threats Company strengths and weaknesses Company opportunities and threats Environmental strengths and weaknessesWhen referring to a SWOT analysis, the letterW stands for, and it refers to factors that are to the organization.