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 Strategic Forum World Strategic Forum The World Strategic Forum is an annual economic event organized by the International Economic Forum of the Americas since 2011. The World Strategic Forum is a not-for-profit organization whose mission is to address the major governance challenges and to foster dialogues on national and global issues by bringing together heads of state, the private sector, international organizations and civil society. It also attempts to foster exchanges of information, to promote free discussion on major current economic issues and facilitate meetings between world leaders. The Forum brings together more than 1,400 people from across the globe, every year.