Final answer:
The statement is true; a SWOT analysis is indeed used in the strategic planning process to identify internal strengths and weaknesses, as well as external opportunities and threats.
Step-by-step explanation:
The statement that a SWOT analysis is used to identify the strengths, weaknesses, opportunities, and threats that should influence a strategic planning process is true. SWOT analysis is a strategic planning tool that helps individuals or organizations evaluate their internal and external environments. It aims to identify the internal strengths and weaknesses of a company, as well as external opportunities and threats in the market or industry. By understanding these factors, an organization can formulate strategies that maximize its strengths, minimize its weaknesses, address opportunities, and mitigate potential threats.