What Is Management? Definitions, Functions and Styles -

Running head: MANAGEMENT
MANAGEMENT
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MANAGEMENT
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Table of contents
Introduction......................................................................................................................................2
Background of the organization.......................................................................................................2
Key business stakeholders...............................................................................................................3
Ethical business practice in the organization...................................................................................5
Ethical business practice that has satisfied the stakeholders...........................................................8
Recommendations based on analysis.............................................................................................10
Conclusion.....................................................................................................................................11
References and bibliography.........................................................................................................12

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Introduction
Especially in the insurance organization, contribution of key business stakeholders are
very important in terms of ensuring the business success. Stakeholder satisfaction has become an
important component in business practice for sustaining in the competitive business environment
(Dierksmeier and Seele 2018). It cannot be denied that the foundation of ethics is being
developed based on good behavior, which has become a law in trade field. Ethics can be
considered as the important element in insurance business as the business is mainly being
developed based on good faith.
The purpose of this study is to critically analyze the business performance of the
company and analyzing the three important key stakeholders associated with the company, the
study has described their contribution in case of influencing growth rate in the market. In this
study, current ethical practices of METLIFE AIG ANB Cooperative Insurance has been
discussed and those contribution on satisfying the stakeholder needs has been described. In the
end of this study, recommendations have been provided that can help to better align the ethical
practice with the expectations of the stakeholders.
Background of the organization
METLIFE AIG ANB Cooperative Insurance is a rapidly growing name in Saudi Arabian
Insurance sector. It is a global insurance provider, which is operating in almost 50 countries.
Introducing different customer service program in across the world, METLIFE AIG ANB
Cooperative Insurance has developed its strong presence on customers’ mind (Cma.org.sa 2020).
The company has been formed by the efficient partners for ensuring the satisfaction of
individuals. In order to meet the expectation level of the customers, various corporate operations

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have been introduced by the company. In the cooperative insurance kingdom, the company aims
to maintain customer centric business approach for meeting the needs of them. On the other
hand, it is true that introducing high quality of insurance products the company has focused on
establishing long term relationship with the stakeholders. In order to retain best talent, METLIFE
AIG ANB Cooperative Insurance has introduced the standard hiring process and ensuring
employee satisfaction, professional as well as ethical standards are being maintained
(Metlifeaiganb.com 2020). Through the introduction of market advancement, METLIFE AIG
ANB Cooperative Insurance has promoted public awareness towards the insurance sector. By
maintaining its commitment towards the economic as well as social components, the company
has created its uniqueness in the market.
Key business stakeholders
Stakeholders influence has become a common occurrence in the corporate life. In the
competitive business environment, organizations gave started adopting various strategies in case
of for improving the corporate relationships (Dierksmeier and Seele 2018). In the insurance
sector, the stakeholders play an important contributing role in case of influencing business values
as well as operational success in the workplace. It has been identified that based especially in the
insurance sector, policy holders, Investors and employees of the company are the important key
stakeholders who have made their important contribution in holding the share percentage. The
top management structure has been formed in METLIFE AIG ANB Cooperative Insurance based
on the efficient employees. Being a popular name in the insurance sector, the company mainly
follows the quality standard in the workplace. In that case, increasing company productivity
ensuring the employee satisfaction has become necessary for the company. As employees are the
important contributors in company y growth in that case satisfying employee needs can