The Alaskan Gold Mine

What would you do?

 Formulating Strategy
 Option 1
 Wait 3-4 weeks until the weather warms up and enjoy a safe trip home.

 Option 2
 Go over the mountains. It is dangerous & sometimes impassable. It is quick
and you can make it 7-10 days if no harm is encountered. However if any harm
comes your way, you will probably turn back or perish.

 Option 3
 Go through the valley passes. This is less dangerous but slow and tiring. You
can probably make it in 2-3 weeks.

 Option 4
 Wait 2-3 days, and then choose one of the above options.
 Goal

 Reaching Home Safe & Sound  Make Money

 External & Internal Assessment
 Opportunities  Threats

 Found gold in good quantity  2 week window of opportunity

 Option of buying the leased land for  Weather is moderately favorable

future excavations
 48 hour Storm

 Strengths  Weaknesses

 Only one to know about the gold  Poor health

mine
 Strategic Choice
 Option 1
 Wait 3-4 weeks until the weather warms up and enjoy a safe trip home.

 Option 2
 Go over the mountains. It is dangerous & sometimes impassable. It is quick
and you can make it 7-10 days if no harm is encountered. However if any harm
comes your way, you will probably turn back or perish.

 Option 3
 Go through the valley passes. This is less dangerous but slow and tiring. You
can probably make it in 2-3 weeks.

 Option 4
 Wait 2-3 days, and then choose one of the above options.
 Strategy
 Recognized a goal

 Understood environment

 Interpreted environment

 Assessed strategic alternatives

 Chose course of action

Option 3: Valley Pass
Pat
 Option 1
 Go with Pat

 Option 2
 Go it alone

 Option 3
 Send Pat
 Implementing Strategy
 How much and what kind of information would you provide Pat?

 Do you trust Pat? Competence? Honesty?

 What kind of deal would you strike?

 Case of booze
 A new gun
 A truck
 50/50 split
 What is Strategy?

Inten
de d

Delib
e rate

Unrealized Realized

Emergent