Page 71 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.78, # 2, 2021, pp. 63-73

These studies concentrated on La Mancha, a company involved in a gold
mining bilateral relationship in Sudan, from 2006 to 2010. This current study
literature review finding suggests that strategic planning approach is a
strategy or direction, and making decisions on allocating its resources to
pursue a solution towards crisis assessment and prevention which could
bring about a crisis resolution which could be short term or long term
solution, this argument is supported several empirical research studies
(Sophia, O. M., & Owuor, D. 2015; Gates, L. P. 2010; Wheelwright, S. C.
1984). The result of the review recommends that they adopt the seven
individuals crisis management team as this approach could provide a long-
lasting solution to the current crisis in the gold mining industry in Sudan.

Recommendation
This report advises Sudanese gold mining businesses to form a team of
experts to investigate the situation and establish and locate the source of the
problem. A team Leader is a senior manager who can make decisions on
behalf of the firm. Security Director—as the chief information officer, he is
responsible for enabling plan formulation, professional development, and the
installation of a crisis centre. Finance Director—evaluates the financial
consequences of each sort of disaster mentioned in the plan, determines
whether needed funds will be available in an emergency, oversees budget
allocation, and maintains track of the firm's crisis costs. Attorney General the
team on the legal repercussions of proposed actions. Media Spokesperson—
provides important information to the media without revealing classified
information, endangering employee privacy, or impeding investigations.
Human Resources Director—has access to personnel records, supports
information officers in reaching out to impacted individuals and their
families, and attempts to resolve the crises' human resources issues. Security
Specialist—an expert on various risk assessment issues, usually from outside
the firm, who raises awareness among employees about numerous options
for dealing with various types of crises, supports employees during the crisis,
and aids with the post-crisis assessment.

REFERENCES
Albrechts, L., Balducci, A., & Hillier, J. (Eds.). (2016). Situated practices of
strategic planning: An international perspective. Routledge.
Akinyele, S. T., & Fasogbon, O. I. (2010). Impact of strategic planning on
organizational performance and survival. Research Journal of Business
Management, 4(1), 73-82.

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