engagement, and the creation of different communities, such as artners and €embers To inform those communities, it created its own research and ­nowledge The story generating capabilities, starting in ‚ƒ„ƒ with the Global Competitiveness Report Today, it focuses on strengthening impact through n 1970 as a young roessor numerous initiatives and pro…ects, which with strong usiness have helped improve the lives of hundreds of millions of people eerience  wrote a oo on mo­ern management The orld Economic orum’s role as the ­escriing what is to­ay calle­ trusted global platform for sta­eholder engagement was recognied in †‡‚ˆ, when the sta ehol­er concet€ t it concluded a host state agreement with recogni‚e­ that the usiness ‰witerland to become the International o usiness was not simly Organiation for ublicrivate Cooperation In †‡‚ƒ, that was further strengthened by a serƒing sharehol­er interests strategic partnership framewor­ agreement ut eƒeryone who has a with the Šnited Nations sta e in the “well…eing” o ‰ince its founding, the orum has the enterrise‡ emloyees developed as a powerful public platform customers an­ society€ engaging the global audience, but it has also served as a place for private dialogue That boo­ inspired the first Davos meeting and reconciliation in ‚ƒ„‚, creating a platform for business to As we now face the ourth Industrial meet and interact with all its sta­eholders ‹evolution, I am convinced of the This led to the creation of the notfor sta­eholder concept’s relevance The profit foundation which is today the orld orld Economic orum – and its wor­ with Economic orum leaders from all areas of global society – Over the last half century, the sta­eholder has never been more vital concept has significantly evolved Corporations are now being called upon to serve as coowners of our global future ‰ince its creation, the orum has gone through several phases of development In the very beginning, it created a global convening of leaders, helping them to understand the nascent challenges of environment and ine‘uality To deal with these challenges re‘uired trust, sustained Professor ƒlaus ch­ab Founder and E€ecutive Chairman of the World Economic Forum 8 9

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