Deepa and Divya’s Time Allocation Dilemmas: Favoring Production Possibility Frontier Approach?
“The difficulty in life is the choice”1
– George Moore
On June 16th 2015, when Deepa Sharma (Deepa) and Divya Lokhande (Divya) arrived at Bangalore School of Management (BSM), filled with excitement of being in one the best Indian B-schools. Both of them had secured good ranks in the All-India MBA entrance examination that facilitated their admission in BSM. Both of them were quite excited and apprehensive, as it was the first time that they were on their own away from home. Little did they realize that the “difficulty in life is the choice”...........
Scarcity of Time but Lots to Achieve
Deepa and Divya met each other for the first time at the hostel when they were allotted the same room. They struck an instant rapport and became comfortable in each other’s company as though they were childhood friends.
However, both of them had different outlook towards MBA. While both were career-oriented, Deepa was more focused on her studies and had little interest in extra-curricular activities. She had been a class topper throughout her school and engineering days and wanted to be the topper even in MBA. She was very keen on pursuing a career in investment banking after completing MBA.............
Opportunity Costs and Enhancing the Efficiency
The second year students were quite forthcoming in advising their juniors. They had experienced similar dilemmas almost a year ago. The group of senior students included Ashok, Raman, Shreya, Naveen and Hema.
Ashok: Why do you girls seem so worked up? It is just the first week for you.
Raman: Ashok, don’t you remember our first week. Even we were in their shoes once.
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Assignment Questions
I. Using the appropriate and related concepts from PPF, what would be your suggestion to Divya? How do you think she can make her decision “efficient”, if at all?
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Exhibits
Exhibit I: First Semester MBA Curriculum at Bangalore School of Management
1 George Moore, The Bending of the Bough: A Play in Five Acts, De Paul University, 1969