M E S S A G E F R O M T H E P R E S I D E N T
Last year was another successful year for the WorldEconomic Forum. Nevertheless, it was also an appropriatetime to prepare for the new millennium. Thus, substantialresources and energies have been invested in the creationof the World Economic Forum for the 21st century. In closecooperation with many of our members, particularly with ourCouncil, and assisted by the advice of some of the leadingconsultancy companies, we have repositioned theFoundation to expand and increase the value propositionprovided to our members. We will, of course, continue tobuild on our past successes and ensure linkages andcomplementarities between our different activities andinitiatives.We have been guided by three principles:1.Deeper engagement of our members and constituentsThe Foundation is the creator and facilitator of theworld’s foremost community of political, business,intellectual and other leaders of global society. Ouractivities are member and constituent driven and will beincreasingly so in the future. We plan to deepen ourprocesses of engagement and leverage the newtechnological opportunities for community building andknowledge sharing. Some of our new efforts includeestablishing Regional Councils to provide us with insightsand guidance in our efforts to extend and deepen therole that the Forum has played in regional cooperationand development. We will also form special SteeringCommittees for each of our industry sectors to ensureeven more closeness to specific strategic challenges,which our members have to face in a globalizingeconomy.2.Leading in the creation and application of interaction andknowledge tools based on state-of-the-arttechnologiesWe have always been technological pioneers. Inparticular, our Annual Meetings in Davos have been thetest place for a number of new communicationstechnologies. Now, we want to go a step further bycreating a knowledge backbone in all the areas wherewe are active. As an example, we will introduce in eachof our industry sectors the tools and mechanisms that
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