There are six methods to evaluate an adaptive strategy named in our text; Essentials for Strategic Management (Chapter 7); - External/internal strategy matrix - Product Life Cycle (PLC) analysis - Boston Consulting Group (BCG) portfolio analysis - Extended portfolio matrix analysis - Strategic position and action evaluation (SPACE) - Program evaluation
After reviewing these methods for evaluation please select one and briefly tell the class why you choose this method. Describe the method and tell us about the advantages and disadvantages of using this method.