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Academic Journal of Business & Management, 2023, 5(21); doi: 10.25236/AJBM.2023.052124.

The Construction of Social Responsibility Motivation Mechanism of Small and Medium Sized Private Enterprises under the Goal of Common Prosperity

Author(s)

Wenjun Ren

Corresponding Author:
Wenjun Ren
Affiliation(s)

Department of Business Administration, Anhui University of Finance and Economics, Bengbu, China

Abstract

Common prosperity is the prosperity shared and built by all people. Corporate social responsibility is the core force to promote the goal of Common prosperity. In the new journey of promoting Common prosperity, small and medium-sized private enterprises promote high-quality development of enterprises and improve the income level of employees by fulfilling their social responsibilities, which is crucial to the improvement of the overall income level of society and the formation of an olive shaped income structure. We should establish a dual driving mechanism for the fulfillment of responsibilities, driven by external forces such as government, stakeholders, and society, as well as internal forces such as entrepreneurial awareness and cognition. We should promote small and medium-sized private enterprises to fulfill their responsibilities to employees, increase the proportion of labor income distribution, "share the cake well", fulfill their responsibilities to shareholders, and consolidate the "big cake" at the bottom of the pyramid. We should fulfill our responsibilities to external stakeholders and achieve high-quality development by "doing the cake well", So as to help achieve the goal of Common prosperity at an early date.

Keywords

Small and medium-sized private enterprises; Common prosperity; Social responsibility; Stakeholders; Responsibility fulfillment mechanism

Cite This Paper

Wenjun Ren. The Construction of Social Responsibility Motivation Mechanism of Small and Medium Sized Private Enterprises under the Goal of Common Prosperity. Academic Journal of Business & Management (2023) Vol. 5, Issue 21: 163-169. https://doi.org/10.25236/AJBM.2023.052124.

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