Friday, May 29, 2020

My Own Country A Doctors Story (Reflection Paper) - 1100 Words

My Own Country: A Doctor's Story (Reflection Paper) (Book Report Sample) Content: Reflection paperNameInstitution Reflection paper The book My Own Country: A Doctor's Story written by Verghese is about love and loss and the human condition, in every variation. This book illustrates the journey of the main character which took him to the unknown area to expertise his profession. Moreover, later the doctor decided to take up practice in the city of Johnson. Verghese wrote the first comprehensive and forthright statement said by a doctor regarding his work with patients who suffered from AIDS and concerning the intense changes that had conveyed both his personal and professional life. In his book, Verghese gives a vivid illustration of all the challenges he have faced while becoming an indisputable doctor for many patients in Johnson City, and in the neighboring region of North Carolina. What surprised me the most was the way Verghese offered a heartfelt viewpoint on the spread of AID. Being up when the first case occurred, he became a witness of th e recounting of this dreadfulness thus he took the initiative to share the story of that patient. Dr. Verghese became the expert after the first patient with AID symptoms was treated. Later, everyone having suspicion of AID came from the neighboring small towns in great numbers in order to be treated. Apart from that, his accounts perfectly matched the great story he had told. It was the time when people from rural areas both religious and non-religious were treated with sympathy. Abraham Verghese was a doctor specializing in transmittable diseases. Verghese had started to work with infected patients. Despite the fact that he was foreign, he faced rejection because of the work he was doing with HIV patients rather than because of his background. Another surprising thing is the way he had described the events with unusual openness, and sympathy. This is because of the way he communicated his thoughts of displacement and belonging, he talked about his patients with high opinion and af fection, and in reality I felt like I knew everyone there. Verghese described several patients in detail, and how they got transmitted and died in the end. The reader feels a sense of loss. He made all attempts to get acquainted with his patients to hear their stories. Therefore, he made friends with some of his patients. Verghese illustrates all of his patients with a concern that is heart-breaking. Through his writing, the reader gets connected to the grief, fear, disquiet and total aggravation of those who were infected. This fact made the readers psychologically encompassing. His story of observing patients who got worse and finally gave in to the disease were distressing; especially to a physician with no cure. Apart from that, the book gives a descriptive account of the consequences of disease on a doctor, who took time to listen to the story of his patients and paid attention to them is also a surprising. During that time, AIDS medical trials had just started, but death trail ed his patients with agonizing consequences. Medical personnel in the hospitals have displayed their sexism against the patients and did not understand the Vergheses obligation to them. This is a vivid example of a dedicated doctor who was eager to discover his personal emotional reaction to the patients. When HIV patients started filtering into Verghese's health center, a little was known concerning the disease and about its treatment. No one was informed about this horrifying disease and so much was on assumption and apprehension. The other thing that came as a surprise was the way in which the patients of Verghese touched his heart, strengthened his profession, and put a tension on his other relations. Not only his parents and wife were concerned about him, as he became really engaged with AIDS patients, other doctors and nurses were also discriminatory, rude, to him and occasionally just malicious. However, the doctor did not pay attention to all those remarks he still continue d to take care of his patients His excessively detailed book has surprised the readers due to the reason that the author shows clear portraits of many of his patients. All this seems like rather personal information, which no patient would prefer to disclose. According to him, his patients belonged to certain groups. Most of them were gays, heterosexual, and hemophiliacs. Apart from that AIDS is considered a disease for the big cities and not the small towns. Initially Verghese was engrossed in academic medicine, before going into AIDS primary care, and in front of My Own Country there are comprehensive and vivid accounts of his patients and their environment that might be measured as the literary counterpart of that field. Also Vergheses descriptions of his own account and circumstances were very important. The report of analyzing of AIDS had a great impact on his outlook towards medication and on his personal life. Being emotional and frankness, Verghese follows fellow confessiona l physician and it had helped him to establish the tradition of self-conscious contemporary physician. Vergheses feeling of incorporation and separ...

Saturday, May 16, 2020

How Does Ikea Approach Operations Management - 6114 Words

The main purpose of this paper is to focus on the how IKEA Company approached its operation management. Particularly, it covers the following: how the company establish and manage customer requirements, secondly how does these customers requirements used for the company’s product and services, then, third covers the operational systems and processes it used in its operation, fourth consists of capacity planning, process layout, and product services/scheduling, inventory and projects were managed in the organization. And, lastly is on why and how monitoring and evaluation of operation were carried out by the company. This paper also provides empirical findings and application of relevant theories that will help readers to really understand†¦show more content†¦The main reason is that it mainly focuses on how a company develops the right product. It may very simple to say that it may only be about how the company interviews or provide questionnaires or even conducting s urveys just to know the important and appropriate requirement of the customers. 1 The IKEA Concept, 2007. But, actually it is more than that and it takes a lot of effort in performing such activity. That is also the problem with come companies, they would think that establishing customer requirement is easy as like asking them when they visit the shops, stores or even sometimes paying some formal visits does not answers all these and in fact there are customers that would only accomplish survey forms out of persistence by some crews or managers of the shops. And the problem started as when the company started to rely on these requirements and apply some strategies on it, seeing it as the real problem and from there irrelevant solutions were applied and that only adds problem or worsen the problem of the company. In theory, it is said that establishing customer needs or requirements are mainly the job of the marketing department of the company and these group also knows that requirements of customers may come from different aspects in the business. Like one of the aspect is that requirements may come from the attitude of the customer towards theShow MoreRelatedIkea s Market Tool For The Retail Giant Essay970 Words   |  4 PagesIntroduction: IKEA is a multinational group of companies, specialized in designs and sells home furniture (ready to assemble). They also sell accessories, bathroom kitchen items and lately they have offered food market in their retail stores around the world. It was founded by Ingvar Kamprad who born in southern Sweden in 1926 and who was listed as one of the world s richest people in 2013. The company is known by its modern (simplicity) design, cost control, operation details and continues productRead MoreChapter 3 Ikea OT Case anaylsis Essay686 Words   |  3 PagesAnalysis: How IKEA manages the global Environment. Discussion Questions: Q1: List the various ways in which IKEA has managed the global environment over time. Company’s approach that focuses on Simplicity, attention to detail and cost consciousness which help in attracting customers and their needs and wishes and approach of responsive in every aspect of its operations and behavior that lead to keep their organization reputation at a high level and customer expectations Company’s Owner approach in moneyRead MoreOutline Of A Business On Ikea1094 Words   |  5 Pages IKEA Aimee Valdes Palm Beach State College Chapter 1: Research Proposal and Introduction Introduction Corporate name, founding date, founding leaders. IKEA, one of the most successful retailers in the world, was established by Ingvar Kamprad, in 1943, in Sweden (Hill, Jones Schilling, 2015). Essential events and critical incidents. In 1948, after adding furniture to IKEA’s product line Kamprad published the first catalog which is distributed free to this day (Hill et.alRead MoreMarketing in the Operational Context: the Case of Ikea1261 Words   |  6 PagesOF IKEA I. Introduction In the recent years, the operations of many businesses have become global in nature. The internationalization of businesses phenomenon paved the way for various organizations to conveniently expand in other nations. By penetrating the international marketplace, organizations are able to acquire greater market in which to sell their products or provide business. One of the largest companies that has become global today is IKEA. As Swedish-based company, IKEA is aRead MoreIKEA S Global Sourcing Challenge Case Questions Essay813 Words   |  4 Pagesshould decline the invitation for IKEA to have a representative appear on the upcoming forecast of the German video program. The producers of the documentary invited them to take part in a live discussion during the airing, and while this offer does sound beneficial for IKEA to educate the public and the producers of the current efforts taken to fight child labor, it would not be in their best interest. This is attributed to the fact that t he producers refuse to let IKEA preview the video beforehand andRead MoreIKEA Global Sourcing Challenge: Indian Rugs and Child Labor1176 Words   |  5 PagesProposal Case: IKEA Global Sourcing Challenge: Indian Rugs and Child Labor Summary In this case, it is known that IKEA s procurement model is the mode of global sourcing. IKEA products are shipped to the 26 distribution centres from the trade area after procurement, and then delivered to the shopping malls in the world. IKEA s procurement philosophy and assessment of suppliers mainly include four aspects: continuous price improvement; strict supplier performance and service levels;Read MoreValue Chain : Competitive Advantage1444 Words   |  6 PagesMoreover, the goal of a successful business strategy is a sustainable competitive advantage. The question is how does a firm create that competitive advantage? According to Michael Porter, to achieve a competitive advantage, a firm must perform one or more value creating activities in a way that creates more overall value than competitors (1985). The purpose of this paper is to examine how the value chain creates competitive advantages. It will review the concepts of the value chain, the inter-relationshipRead MoreCase Study Ikea and Acme6073 Words   |  25 Pagesdiscussing how the functions of the operation are carried out in IKEA and ACME. It was interesting to know how the two extremely different company’s one a very large firm with big brand name I.e. IKEA and another one ACME very old historic British company caring the values and culture till date. I have also explain how IKEA and ACME carry out their supply chain what are the major differences operation wise within the company. It was very interesting to do the case study and it points out how the operationRead MoreExamine Why Multinational Corporations Seek to Transfer Their Home-Country Human Resource Management Policies to Their Overseas Subsidiaries. Use Examples to Explain the Difficulties That Firms Might Encounter in the Transfer Process.1247 Words   |  5 Pagesstrength which needs to be taken care of all the time to have a competitive advantage within the industry they operating in. Multinational corporations (MNCs) see k to transfer their home-country human resource management (HRM) practices to their overseas subsidiary as to them it is just another approach towards globalisation. It can be an element of success for MNCs if they manage to transfer these HRM practices across their subsidiaries in an effective manner. An effective transition of these policiesRead MoreSwot And Analytical Tools : Business Analysis Tools1040 Words   |  5 Pagestechniques investors use to assess a company’s operations. In most cases, the purpose of the analysis is to determine how effective or efficient a company is in the overall market locally, nationally and globally. A scan of the internal and external environment is an important part of this strategic planning process. A few different tools are commonly used such as SWOT, PESTEL, Comparative and Porter’s Five Forces. Each one takes a different approach when reviewing the company’s financial and nonfinancial

Wednesday, May 6, 2020

Gender Roles In Macbeth Essay - 974 Words

Introduction Plays tend to reflect the politics and social issues of the time they were written, which can educate people in modern day about philosophy further back than the 17th century. The plot of the play, Macbeth shows how dark and hostile Shakespeare’s writing became after King James took the throne in 1605 (BBC, 2014). The way the play speaks about women can reflect on the way Shakespeare thought of gender roles, and can display how far society has come in four centuries. In the 17th century, women had few rights, and followed orders from men, at the time the world depended on men (Alchin, 2012). Shakespeare wrote about men as superior and strong, yet women were weak, but he almost challenged those roles even in the 17th century†¦show more content†¦Ã¢â‚¬Å"Come, you spirits that tend on mortal thoughts, unsex me here, and fill me from the crown to the toe top-full of direst cruelty. Make thick my blood.† (1, v), she knew Macbeth was too kind to fulfill Duncan’ s destiny, and she was the only person who would do it, yet she wasn’t a man which was the only fault to her plan. Macbeth started to refuse Lady Macbeth’s plan which is when she questions his manhood: â€Å"What beast was ’t, then, that made you break this enterprise to me? When you durst do it, then you were a man; And to be more than what you were, you would be so much more the man.† (1, vii). Using the term â€Å"man† as another word for being a strong person could possibly be the root of small sexist terms people use in modern society, Macbeth shows that sexism started centuries ago. The play even started to question these terms. When Macduff is given the news that his wife and children had been killed, Malcolm tells him to take it like a man, yet Macduff wants to grieve â€Å"I shall do so, but I must also feel it as a man. I cannot but remember such things were that were most precious to me† (4, iii). Macduff challenged these roles by suddenly saying that sadness and grief aren’t just felt by women. Macduff somewhat contradicts himself a line later â€Å"Oh, I could play the woman with mine eyes and braggart with my tongue! But, gentle heavens, cut short all intermission.† (4,Show MoreRelatedMacbeth Essay: the Role of Gender and Position911 Words   |  4 PagesMacbeth Essay: The Role of Gender and Position Amilio Lopez In Macbeth, many elements that affect the story’s plot and outcome; however, gender and position of power play the most important role of the story. For example, Lady Macbeth continuously wants to be changed into a man in order to get certain duties done that Macbeth is hesitant to do. Also, Lady Macbeth uses the power of belittling Macbeth’s masculinity to further drive his actions in the play. Lastly, the witches’ predictions of Macbeth’sRead MoreMacbeth Gender Roles Essay807 Words   |  4 PagesWilliam Shakespeare’s tragedy â€Å"Macbeth† completely challenges the idea of traditional gender roles and social norms during the renaissance period. The male characters have many feminine traits while the female characters have many more masculine and manlier traits. This was going entirely against the stereotypical outlook of the roles you’re supposed to play as your gender during that time of history. During the renaissance period wom en were only expected to clean, cook, and to have babies. Men onRead MoreGender Roles- Macbeth and Lady Macbeth Essay1296 Words   |  6 PagesIn the old Shakespeare play Macbeth, women wear the pants, while the men wear the dresses, this is the theme throughout the play. It focuses on the marriage of Macbeth and Lady Macbeth takes the lead role, while she convinces her husband to kill Duncan. Shakespeare play concerning gender roles, shows the untraditional marriage in Scotland; what one sees is not what one gets. It also show how one starts is not how they end. The story of Macbeth shows power and betrayal. It shows power because it showsRead MoreEssay about Gender Roles in Macbeth1453 Words   |  6 PagesGender Roles in Macbeth  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Although written long ago, Shakespeare’s The Tragedy of Macbeth still has themes relevant for contemporary society.   Murderous ambition, political intrigue, crafty social alliances, the disintegration of marriage – these could be headlines from any daily news program.   It comes as no surprise, then, that we also find a significant number of moments in the play where gender seems to be an issue. More specifically, we might say that Shakespeares dramatic investigationRead MoreEssay on Macbeth Reverse Gender Roles758 Words   |  4 Pagesand caring role. From this, a man’s physical strength is portrayed as being strong and brave at superior and horrific times, yet through literature like Shakespeare’s Macbeth, it shows that they can end up weak. There are many times in William Shakespeare’s play, Macbeth, where the acts of â€Å"reverse-gender roles† are being detected in terms of what the stereotype states, between Macbeth and Lady Macbe th. This tragic play is a perfect example that in life it does not matter of what gender a person isRead MoreGender Roles in Macbeth by William Shakespeare Essay1292 Words   |  6 PagesGender Roles in Macbeth by William Shakespeare Although at the time of Shakespeare, women were thought of as lesser beings, he still manages to portray them as strong, and influential people in his play Macbeth. The orthodox view of females when Shakespeare wrote the play is that they were homemakers, looked after their children, they were quiet, weak and unintelligent, and the only reason they existed is to have male children. Males however were the warriors and theRead MoreEssay on Changing Gender Roles in William Shakespeares Macbeth2817 Words   |  12 PagesChanging Gender Roles in William Shakespeares Macbeth  Ã‚     Ã‚  Ã‚   Much attention has been paid to the theme of manliness as it appears throughout Macbeth. In his introduction to Macbeth in The Riverside Shakespeare, Frank Kermode contends that the play is about the eclipse of civility and manhood, [and] the temporary triumph of evil (1307). Stephen Greenblatt emphasizes the same idea in The Norton Shakespeare, crediting Lady Macbeth for encouraging her husband through both sexual tauntingRead MoreMacbeth by William Shakespeare1293 Words   |  5 Pagesplay, â€Å"Macbeth† is one of William Shakespeare’s tragic plays written approximately in 1606. The play centres on Macbeth who is a general in King Duncan’s army. Upon returning from a successful battle, Macbeth is confronted by three witches who claim they know the future. The three witches tell Macbeth that he will be the future King. The events that occur after this encounter between Macbeth and the witches are what makes this play a tragedy. This essay will foc us on the treatment of gender in â€Å"Macbeth†Read MoreDefining Manhood Through Gender Stereotypes1183 Words   |  5 Pagesâ€Å"Man Up†: Defining Manhood through Gender Stereotypes in Macbeth In The Tragedy of Macbeth, Shakespeare attempts to define manhood and explore the different perceptions held towards what it means to be a man. As William Liston notes in his essay, â€Å"Man appears more than 40 times, almost always with a conscious sense of defining the term—or rather, of defining a person by the term† (232). Lady Macbeth is used as a tool to not only convey this theme, but she instigates the plot as well. Without herRead MoreExmine the Masculine and Feminine Representations in Relation to Power in William Shakespeare’s Macbeth981 Words   |  4 Pagestraditional gender roles is constantly challenged and manipulated throughout the play, Macbeth. William Shakespeare explores the relationship between gender and power within the play, challenging the male dominant society of the 16th century. The play is set in the 11th century, Scotland where a patriarchal society is portrayed through the characters within the Shakespearean production. Qualitie s such as courage, honour, braveness and control were reflected at that time as masculinity. Macbeth is portrayed

Tuesday, May 5, 2020

Roles and Responsibilities Chief Financial Officer

Question: Discuss about the Roles and Responsibilities Chief Financial Officer. Answer: Introduction The role of Chief Financial Officer (CFO) is very important in a business organisation for managing the financial resources adequately and thus ensures its long-term growth and profitability. The retail companies are facing increasing competition to sustain their growth and success with effectively meeting the challenges of external competitive environment. The roles and responsibilities of Chief Financial Officer (CFO) of retail companies are also changing with increasing competition in the external environment. In this context, the present report describes the three general areas of responsibility for a chief financial officer (CFO) of Harvey Norman Holdings Limited. Harvey Norman Holdings Limited is an Australian based multi-national retailer of furniture, computers, communication and consumer electrical products (Company Profile, 2008). The CFO is prominent governing body of the board of directors and as such holds the responsibility of providing faithful information regarding th e financial position to all the companys stakeholders (CTI Reviews, 2016). The report also analyses and examines the effect of efficient market hypothesis on creating a portfolio by the pension fund manager that yield in maximum return. Three general areas of responsibility for a chief financial officer (CFO) of Harvey Norman Holdings Limited Mr. Chris Mentis is the Chief Financial Officer of Harvey Norman Holdings Limited. Mr. Mentis is the CFO and company secretary of the company since the year 2007. As the CFO of the company, he is responsible to the board of directors for all matters related to accounting and financial issues (CTI Reviews. 2016). CFO is liable to establish and implement objectives, policies, procedures, programs and practices for assuring the maintenance of a sound financial structure in the company (CTI Reviews, 2016). The main responsibility of CFO in any organisation is to maintain financial stability by implementing proper control systems and procedures. The increase of competition in the retail sector of Australia is impacting the roles and responsibilities of CFO. CFO, in addition to the traditional roles of managing financial structure is also responsible for aligning the financial goals with the organisational strategy. The role and responsibilities of CFO of Harvey Norman as such can be descr ibed as follows: Maintaining Financial Structure: CFO of Harvey Norman possess the responsibility of controlling the cash flow position of the company by gaining a proper understanding of the different sources of funds. CFO establishes the accounting policies and procedures regarding the payment of bills, credit collections and other financial obligations. CFO roles also include gaining a proper understanding of company liabilities including legal contracts, statutory and tax obligations (Fabozzi et al., 2008). The CFO roles also involve meeting the hidden liabilities of the company such as contingencies, leases, loans and insurance. The companys financial performance is communicated to all its stakeholders through the use of appropriate channels by the CFO such as balanced scorecard and financial statement ratio analysis (Lapovskyand McKeown-Moak, 2010). The communication about the financial position is necessary for establishing good relations with investors and financial analysts. CFO also maintai ns appropriate financial structure of the company by establishing an adequate balance between debt and equity. CFO is also responsible for comparing the financial results obtained with the estimated performance and develops control process for overcoming the areas of improvement (Nolop, 2012). Strategic Alignment of Financial Position with Companys Objectives: The roles of CFO in retail sector of Australia are becoming more strategically focused. As such, CFO must possess strong leadership skills to align the companys strategic goals as per the financial performance. The CFO should ensure the creation of best strategic fit within the company for optimising its performance with effective utilisation of resources. The CFO should have appropriate understanding regarding the regulatory, environmental and operational information of the company for implementing effective strategies for gaining entry into new market segments and developing new product (Moyer, McGuigan, and Rao, 2014). The CFO should be able to properly integrate and collaborate across different cross-functional teams of the company for empowering the employees to effectively utilise the resources for enhancing productivity. The CFO should have the capabilities of long-term strategic thinking to use effectively th e financial resources and attain sustainability. The CFO should develop new ways of creating value for all the stakeholders by managing the companys budget appropriately (Bragg, 2010). CFO should also assist CEO in decision-making process regarding the companys strategies by conveying the financial position of the company. The companys strategies are developed by the CEO in accordance with the financial condition that is analysed by CFO. CFO can assist CEO in prioritising the various operational activities of the firm as per the availability of the financial resources and increasing the productivity (Brigham and Houston, 2012). Thus, it can be said that the role of CFO of Harvey Norman is becoming more strategic with the increasing competition in the external environment in comparison to the traditional role of managing financial operations only. Developing and Integrating Risk Control System: The nature of retail sector is becoming competitive and as such it is essential for Harvey Norman to develop and implement a proper risk control system for taking proactive measures to mitigate the risks identified. The financial risks of the company are increasing with the adoption of innovative approaches such as adoption of IT technologies for managing retail business. Also, compliance with legal rules and regulations in context of protecting environment and community is also the main responsibility of the CFO (Fuhrand McDonagh, 2012). It is essential for the retail companies to implement proper risk management system for overcoming the potential risks in the areas relating to logistics and sourcing. CFO is equipped with the responsibility of developing transparency and accountability in all the business operations for promoting the goodwill of the company (Sutcliff and Donnellan, 2006). Harvey Norman is operating globally and as suc h it is the main responsibility of the CFO to conduct its operations worldwide by promoting effective communication across its different business departments such as its retail stores, suppliers, logistics and local offices. Internet retailing is becoming one of the most critical challenges for retail companies to sustain in the external competitive environment. It involves huge investment by a retail company and thus leading to occurrence of huge financial risk for the companys future growth context (Company Profile, 2008). The development of an effective risk controlling system has therefore become an important necessity for retail companies such as Harvey Norman. The risk controlling system can be properly designed with the support of CFO as he possesses all the information regarding the availability of funds for managing the emerging risks in business operations (Fuhr and McDonagh, 2012). Impact of CFO responsibilities on ultimate objective of Harvey Norman Holdings Limited As analysed from the above section, the roles and responsibilities of CFO are rapidly changing for meeting the new expectations emerging in the present competitive business scenario. CFO has to identify and develop new models of execution for meeting the changing demands of the consumer (Eeden, 2014). The main objective of Harvey Norman is to sustain its position of retail icon in Australia and expanding its franchising network in the local as well as international market. In addition to this, the company also seeks to become a market leader in the core audio visual and technology segment. The role of CFO is very critical in attaining these ultimate objectives of the company. The CFO has to develop and implement innovative ways to mitigate the strategic risks identified with its expansion plans and incorporating the use of latest technologies for becoming a market leader in its business area. The CFO of the company has to adopt strategic thinking for governing and controlling its fin ancial position for effectively managing its retail business at a global level (Company Profile, 2008). The sound maintenance of financial structure by CFO would enable the company to ensure the availability of proper funds for meeting its business obligations. The creation of a strategic fit by prioritising the value creation activities by CFO would help the company to expand its market position in the global market. The implementation of a risk control system is essential for the company to identify the potential risks existing for incorporating new technologies and therefore take preventive cautions for overcoming them in advance (Karaian, 2014). If the efficient-market hypothesis is true, the pension fund manager might as well select a portfolio with a pin Efficient-market hypothesis argues that a market is efficient when the asset prices reflect all the information for the investors based on past and present events. As per the theory, if market is in efficient condition then pension funds manager can easily select a portfolio that results in maximising the profit (Brealey, Myers, Allen, and Mohanty, 2012). The role of pension fund manager is very important in selecting the stocks or bonds that yield to maximum return while creating a portfolio. Pension fund manager have to ensure that portfolio is well diversified to minimise the risk for the investors. This does not imply that pension fund manager has to select large number of stocks or bonds for diversifying the risk. The diversification of risk occurs with the selection of stocks or bonds that generates maximum return in the future context (Micocci et al., 2010). In the light of above discussion, the statement that if efficient market-hypothesis is true, the pension fund manager might as well select a portfolio with a pin can be stated to be false. This is so because if asset prices incorporate all the relevant information necessary for the investors to select a particular stock for investing then there would be no market risk. The market risk, that is systematic risk, is often classified as un-diversifiable risk and reflects to uncertainty that exist in the entire market due to fluctuations in daily process of stocks (Williams, 2011). Pension fund manager must ensure the generation of maximum rewards for the client by investing in a particular portfolio. The random section of the stocks as per their asset prices might enhance the risk as there is uncertainty in the stock prices. Thus, pension fund manager at the time of creating a portfolio need to select that particular stocks or bonds that yields in reducing the systematic risk (Micocci et al., 2010). Conclusion Thus, it can be concluded from the overall discussion held in the report that Chief Financial Officer (CFO) holds important responsibility in managing the financial structure of the company. Harvey Norman Holdings Ltd is involved in retailing business in the Australia to implement new and advanced ways for managing the business operations as per the financial position of the company. It can be achieved through strategic thinking and implementing an effective risk control mechanism in the company in order to prevent the occurrence of any emergency condition that can lead to wastage of financial resources. It has also been depicted from the report that efficient market hypothesis does not hold true for developing a portfolio by pension fund manager. Instead, pension fund manager need to diversify the risk for generating maximum profit by selecting a portfolio for the clients. References Bragg, S.M. 2010. The New CFO Financial Leadership Manual.John Wiley Sons. Brealey, R.A., Myers, S.C., Allen, F. and Mohanty, P. 2012. Principles of Corporate Finance.McGraw-Hill Education. Brigham, E.F. and Houston, J. F. 2012.Fundamentals of Financial Management.Cengage Learning. Company Profile. 2008. [Online]. Available at: https://www.harveynormanholdings.com.au/companyprofile.htm [Accessed on: 17 September 2016]. CTI Reviews. 2016. Essentials of Corporate Finance: Business, Finance. Cram101 Textbook Reviews. Eeden, D.V. 2014. The Role of the Chief Human Resources Officer: Perspectives, Challenges, Realities and Experiences. Knowres Publishing. Fabozzi, F. J. et al. 2008. The Complete CFO Handbook: From Accounting to Accountability. John Wiley Sons. Fuhr, E.A. and McDonagh, C.W. 2012.The Risk Manager.FTI Journal. Karaian, J. 2014.The Economist: The Chief Financial Officer: What CFOs Do, the Influence they Have, and Why it Matters. Perseus Books Group. Lapovsky, L. and McKeown-Moak, M.P. 2010. Roles and Responsibilities of the Chief Financial Officer: New Directions for Higher Education, Number 107. John Wiley Sons. Micocci, M. et al. 2010.Pension Fund Risk Management: Financial and Actuarial Modeling. CRC Press. Moyer, R.C., McGuigan, J.R. and Rao, R.P. 2014. Contemporary Financial Management.Cengage Learning. Nolop, B. 2012.The Essential CFO: A Corporate Finance Playbook. John Wiley Sons. Sutcliff, M. R. and Donnellan, M. 2006. CFO Insights: Delivering High Performance. John Wiley Sons. Williams, R. T. 2011. An Introduction to Trading in the Financial Markets: Trading, Markets, Instruments, and Processes.Academic Press.