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  • Essay / Stakeholder Management Essay - 529

    INTRODUCTIONThis essay focuses on stakeholder management and how values, ethics, and beliefs underpin business decisions. The work is supported by the British American Insurance (Mauritius)Co. Ltd, hereinafter referred to as BAI. How an insurance company interacts with its stakeholders determines its long-term success. (AIR) Shareholders invest funds to manage the organization and hope for returns. Customers pay premiums in exchange for financial security in the event of unforeseen risks. Employees offer their knowledge to lead the organization. Regulators act as watchdogs to ensure the security of individual policyholders’ investments. LITERATURE REVIEW An equity interest is an interest or share in a business. This can range from a simple interest to a legal claim to ownership. A stakeholder is therefore an individual or group that holds one or more types of interests in a company. According to Freeman, stakeholder theory focuses on how a business actually functions. It must create value for all its stakeholders. She should not consider any of them separately. He must concentrate on ...