Alaska Gold Mine
Read the handout “Alaska Gold Mine: Part 1” and select one of the four alternatives.
- What was your choice? Explain the rationale of your choice.
- According to the model of strategic planning, strategy formulation involves the steps of selecting company goals, analyzing the external and internal environments, and choosing a strategy. How did your choice reflect these steps?
Faced with the four options, I carried out a valuation of all the choices and their effects both on myself and the company. I chose the third alternative. This choice involves taking the moderately safer route back to the claims…