World Economic Forum its name to the World Economic Forum in 1987 and sought to broaden its vision to include providing a platform for resolving international conflicts. In the summer of 1971, Schwab invited 444 executives from Western European firms to the first European Management Symposium held in the Davos Congress Centre under the patronage of the European Commission and European industrial associations, where Schwab sought to introduce European firms to American management practices. He then founded the WEF as a nonprofit organization based in Geneva and drew European business leaders to Davos for the annual meetings each January. Schwab developed the "stakeholder"
Istanbul World Political Forum Istanbul World Political Forum The World Political Forum (also called Istanbul Forum) is a non-profit foundation, based in Turkey, best known for its annual meeting in Istanbul. The forum takes place with the participation of statesmen, CEOs, opinion leaders, bureaucrats and the business elite as well as renowned figures from reputable universities. Ahmet Eyüp Özgüç is the current President of the Foundation which originally started the preparations for the summit in 2010 and sought to broaden its vision further to include providing a platform for resolving international conflicts. The first was held on 13–14 March, 2011, in Istanbul and was