Social business environment was affected when grubhub expanded its target market to include families and working mothers in the suburbs.
Professor Muhammad Yunus, recipient of the Nobel Peace Prize, defined social business and outlines it in his books.
Yunus defined a social business as a business in these works as follows:
created and built to address a societal issue
a non-loss, non-dividend company, meaning that it is financially self-sufficient and that profits are reinvested in the company (or used to launch other social businesses) with the goal of enhancing social impact. This could be done by broadening the company's customer base, enhancing its goods and services, or in other ways supporting the social mission.
A larger corpus of academic study has more recently examined how the Blockchain, and particularly smart contracts, can aid in the growth of the social enterprise notion.
Learn more about Social business here:
https://brainly.com/question/14704322
#SPJ4
