Scenario analysis is a tool that is used to address what-if question, by this we mean that it is a tool that is used to predict the probability of an anticipated eventuality and how to solve them, in case they occur. Scenario analysis is of vital importance to many different organizations because it is not always what has been planned by the relevant authorities is realized. If they rely only on a fixed result and a fixed strategy of attaining the expected results, then they might encounter major problems such as experiencing huge losses in the respective organizations. The relevant authorities of an organization develop ways in which various eventualities that may occur in the long run can be assessed and solved. This stance puts the respective organization in a very secure position to ensure its continuity in the future. The question that scenario analysis answers are what if this happens? Then what suitable strategy can be used to address it. Mainly scenario analyses are developed as a plan B if plan A fails to happen as planned by the relevant authorities. Many organizations apply scenario analysis to assess a variety of risks, but the core reason for scenario analysis is to analyze interest rate risk. This is a risk that is very crucial to many organizations, and any possibility of the rates of interest increasing or decreasing in future should be addressed promptly.
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In the essay above, we shall discuss how scenario analysis can be used to access the eventualities that may occur to www.trover health system organization by identifying the key drivers and how they will impact and shape the future environment of the trove health system. We shall use the scenario analysis to answer three main questions that include; what can be learned from the website? What can be done to access the website easily? Lastly, what can be done to improve the website and three areas that stood out about the website? The trove health system is a health provider organization and is located in western Kentucky. It is a renowned health centre that has specialist physicians and has various subsections that have professionals who work hand in hand with one another to achieve the corporate goal of the trove health system. Some of these subsections that are found within the trove health system include trove clinic, research divisions and many others that are going to be mentioned later in the essay. Trove health system values its employees very much because they believe the health systems that they have must be operated by humans in order to function. Many organizations in the world that care for the welfare of their employees happen to be the best performing organizations in the entire world. Trove health system happens to be one of these organizations.
The government of the United States has really benefited from the trove health system because of the high standard health services that it has offered to the United States republic in general. The trove health system has developed a website that is referred to as www.trover health system org, which aims at providing more information on the trove health system to the entire world. This website has really contributed to the high standards of health services offered by the trove health system. Let’s start answering the questions that we earlier mentioned at the beginning of this essay. We can learn that the website has been posting its employment vacancies on its page so that anyone in the world can access it and apply if he or she feels capable and qualified. This is because the trove health system does not just limit itself when recruiting its employees but rather offers it worldwide so as to get the best of the staff. The other things that we can learn from the website are that it has been posting its subunits on the website page.
This is to show the world the diversity of their health services. The trove health system should have a domain that is memorable, not have bulky images which may cause the website not to be accessible to those computers with low processing speed. Lastly, the website should have a Cathy introduction, specific and clear information and effective domain that is memorable to the people. The trove website has stood to be effective so far because it gives the world a clear picture of what the trove health system is, what it is doing and how you can access them. If the future of trove health system will have to remain bright, there are key drivers that have to be identified and implemented. This includes keeping at par with technological advancement, stick to their vision, mission and core values of offering high standard health services always, consistent diversity of health services and so on. By so doing, they will be in a secure position to any changes that may occur in the future of trove health system. This is a type of scenario analysis at the health centres.