World Economic Forum, it is a Geneva based and non-profit foundation, it is best known for the annul meeting in Davos, Switzerland. Purpose of meeting is to bring together worlds' international political leaders, top business leaders, selected journalists and intellectuals to make discussion over most processing an issue that is facing the world; these problems mostly include environment and health. Forum also organize an " Annual meeting of New Champions" in China, which is a series of the regional meetings throughout year.

Regional meeting includes meeting on Central Asia and Europe, Russia CEO Roundtable, East Asia, Middle East and World economic forum on the Latin America. In year 2008, WEF launched " Inaugural Summit", it was on Global Agenda, was held in Dubai, where about 700 world's sector experts were present to related 68 global challenges were identified by this forum. Beyond these meetings, forum also produces a related series of research reports and to engage their members in specific initiative sectors.

In year 1971, Klaus M Schwab, professor of business policy at Geneva University invited 444 executives from the different parts of European firms to first European Management Symposium that was held in recently built Congress Center of Davos. He founded European Management Forum as non-profit organization and drew business leaders of Europe to Davos for annual Meeting. Schwab also developed "stockholder" management approaches that were based on corporate success on the managers taking account of interests. The customers and clients, communities and employed within the firm was situated.

In 1973, events namely collapse of Bretton Woods a mechanism for fixed exchange rate and Arab-Israeli War that saw annual meeting expands and its focus starts from management to the social and economic issues. Political leaders were also invited to very first time in January 1974 at Davos. European Management changed the name and World Economic Forum in year 1987, sought to broaden and its vision to provide platform for international conflicts.