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A common practice is to develop a BCG Matrix and an IE Matrix for the present and then develop projected matrices to reflect expectations of the future. Strategic Position and Action Evaluation (SPACE) Matrix. 3. Boston Consulting Group (BCG) Matrix. 4. Internal-External (IE) Matrix. 5. Grand Strategy Matrix. BCG Matrix, SWOT Analysis and Porter Model · 1. Strengths: Uniqueness of the business or department that give it an advantage over others in the industry. · 2.The IE is an important strategic tool which comes under the portfolio management considered much similar to BCG Matrix. The IE matrix used to plot the