Getty Images. 1  Malia Obama came back from troubling rumors of rehab to fulfilled her final duties as First Daughter! The 18-year-old had gone missing from the White House in Oct. of 2016, before abruptly making appearances with Barack and Michelle Obama in Hawaii over the holidays.
More management models. Scenario Planning (SP) is a model for learning about the future in which a corporate strategy is formed by drawing a small number of scenarios, stories how the future may unfold, and how this may affect an issue that confronts the corporation.
The Varieties of Scenarios. A scenario can be deterministic or stochastic, historical or hypothetical. An analysis based on deterministic scenarios typically considers just a few scenarios. These scenarios might be historical or hypothetical; each has its advantages.istorical scenarios are easier to design, but hypothetical scenarios are more flexible. Stochastic scenarios are based on simulations -- typically between 1,000 and a million -- and are driven by adjustments to the parameters and input variables, based on their historical distributions and co-variances.