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"
South American Business Forum South American Business Forum The South American Business Forum, also known as 'SABF', is an annual conference that takes place at the Instituto Tecnológico de Buenos Aires in Buenos Aires, Argentina. The forum aims, through dialogue and the interaction between current leaders and future leaders, to make a contribution to the sustainable development of South America and the world. The South American Business Forum was founded in 2005, and has been organized annually since then by students of the Instituto Tecnológico de Buenos Aires. The event gathers 100 university students from all around the world and 40 prominent international leaders