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"
International Business Leaders Forum International Business Leaders Forum The International Business Leaders Forum (IBLF) was an independent, nonprofit global members' organisation of multinational companies that worked with business, government and civil society, focusing on sustainability, growth, and leadership issues. John Brock, Chairman and CEO of Coca-Cola Enterprises, described IBLF as “an outstanding organization—somewhere you can discuss critical issues, exchange industry best practices, and identify ways to solve tomorrow’s problems”. The International Business Leaders Forum ceased to operate in October 2013. Several programmes initiated by the organisation continue its work. These include The Partnering Initiative now an independent, not-for-profit global organisation dedicated to unleashing the