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 Resources Forum resources worldwide a reality through organization of high-level international conferences and capacity-building workshops, dissemination of relevant research findings and scientific discussions, development of resource efficiency indices, setting standards for sustainable resource use, creation of opportunities for financing resource efficiency projects as well as through engagement with young leaders and the wider public. WRF is committed to the inclusiveness of economic growth and elimination of poverty and marginalization, thus making these issues a core element in any objectives we pursue. Flagship activity of the World Resources Forum is the organisation of the annual WRF Conference, which brings together science, research, policymakers