Journal

Volume 78, #2

       “Economic Sciences: theory and practice” is scientific, refereed, biannual journal. The Journal of “Economic Sciences: theory and practice” has been founded by Azerbaijan State University of Economics in 1994.              
The Journal has been received to registration in the centre of international ISSN (International Standard Series Number, ISSN-2220-8739). Also, it has been included by the Supreme attestation Commission under the President of Azerbaijan Republic to the list of scientific publications on economic sciences.


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THE THEORETICAL BACKGROUND ABOUT THE IMPACT OF STRATEGIC PLANNING ON THE EFFECTIVENESS OF CRISIS MANAGEMENT

Ali Ahmed Suliman Elmahdi, Ilgar Seyullayev


ABSTRACT

Strategic planning is characterized by its preparedness to face the variables which may happen in the future, and that it is a social activity for achieving the specific objectives carefully. It has, also, the ability, through its mechanisms to create conducive circumstances to accommodate the change and its management, leading to results of positive outcomes that support the realization of the organization/s mission and maintain its existence. Modern mining companies are complex organisations as per their organisational, management and operational structure. They also operate in a complex business and operational environment facing significant uncertainties related to natural, technical, technological, market, organisational, economic, financial, political, etc., influential factors affecting their business, management, and operations. Traditional approaches in strategic planning, asset management and decision-making in the mining industry have been unable to adequately grasp and address this complexity. This search proposes a new approach in the strategic planning and asset management for mining enterprises by analysing them as complex systems. The methods of the complexity science may help to better comprehend the complex environment of mining organisations providing more realistic understandings upon it. Thus, we consider that they may be useful in designing an enhanced strategic asset management decision-making framework.

Keywords: Crisis Management, Strategic Planning, Prevention, Crisis Resolution

Jel classification: H12



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