Life choices case

Before going in the details of answering the questions which are required to be answered,

Let me apprise the reader that this case is about “LIFE CHOICES” which tells that at         different times in life in different situations we make different life choices so as to what suits our lifestyle the best.

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Q1. This case “LIFE CHOICES” talks about two people Jack and Jill who are trapped in making decision about which lifestyle to adopt because that will reflect their way of living. They are bounded by two problems; income and passion to teach.

The scenario is that Jack is currently working for a major health care organization CGNS in CT town where he has 19 years of experience but apart from that he is also imparting education to students at a private university as an adjunct faculty member. The nature of the problem is that Jack has to make a trade off between working at CGNS at NM and sacrificing his leisure time with family or move to CT to spend time with his granddaughter and risk finding appropriate teaching or healthcare job which he desires keeping in mind the income level. The general nature of the problem is concerning opportunity cost for choosing a lifestyle.

Q2.  When Jill’s fourth daughter’s daughter was born Jill ended up being so fond of her that it becomes difficult for her to live without her granddaughter and she misses her a lot. After Jill’s retirement the couple now needs to decide whether to stay in NM or shift to CT where the majority of the granddaughter (including the granddaughter that she adores, live). This event has triggered the situation of making a decision about life choice for both Jack and Jill.

Q3. The constraints present on the situation is that Jack has to give up his life in NM and move to CT where he has to live with either one job; be it at CGNS but with a smaller income which is half the income he earned at NM and use his emergency savings from retirement money to bear expenses or find a job for teaching which is unlikely to be available since CT does not have private universities.

Q4. The different aspects of the problem lead to 3 main elements. They are:

Job with satisfactory income at CT
Jacks passion to teach at private university
Jill’s desire to live with her granddaughter

Q5.  Yes, there are dependencies on other decisions. If Jack decides to go teach full time at NM then he will have to sacrifice and lower his leisure time and family time to spend with them but earn a satisfactory amount of income plus the amount of money they have earned through 401K plans is sufficient enough to live a comfortable life. Apart from that if he decides to go to CT, there his teaching passion will not be catered too due to lack of private universities and the weather will not be very clement for them.

 

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