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"
World Business Forum World Business Forum The World Business Forum is an annual global business summit held in New York City. A 2008 Burson-Marsteller survey ranked the forum among the world's top five most influential venues for C-Suite executives. The event is organized by WOBI, an executive education and management content firm. The yearly summit brings together over 5,000 attendees, consisting mostly of senior executives, from over 60 countries to hear the debate and discussions of top political and business leaders as well as renowned intellectuals about the current issues and challenges of the world business environment and global economy. The World Business