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How Did Bill And Melinda Gates Use Basic Business Principles To Run The Gates Foundation

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1. Bill and Melinda Gates use basic business principles to run the Gates Foundation by identifying the needs of the society and then by either directly or indirectly fulfilling those needs. In other words, Melinda and Bill Gates found a need in the market place and it is something they both value or are passionate about. They have also prioritized the actions that it takes in order to fulfill those needs. Next, they have hired people to do what needs to be done what they themselves cannot do. Also, Bill and Melinda Gates have structured a business in such a way that it maximizes profits. They have also been good at building a cushion of liquidity and investing as making sure that “your money is working for you and you are not working your life

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