Professional Services

 

The Professional Services community at the Forum includes accounting, consulting, law and human capital companies. Industry Partners are select member companies of the World Economic Forum which are actively involved in the Forum's mission at the industry level.

Unlike our other industry partnerships, the professional services programme focuses not on the industry specific challenges but on integrating services companies into other sectors' undertakings. This allows professional services firms to share their unparalleled expertise and benefit from unique opportunities to demonstrate thought leadership.

Areas of Focus

  • Projects and Project Advising 
  • Professional Services Partners are entitled to take part in the selection process to become an Advisor to industry/cross-industry project(s), having a prominent role in building the Governors programme at the Annual Meetings in Davos-Klosters.
  • Project Advisor selection process is transparent and merit based
  • Project Advisors support projects with senior industry expertise and/or secondees
  • In return for the in-kind resources, Project Advisors participate in all project relevant industry sessions, including the Governors Meetings sessions and receive acknowledgement in project-related publications.

Note that participation in the Advisors selection process does not guarantee an award.

The Leadership, Trust and Performance Equation Project 2013-2014

The Issue

Economic dynamism comes from the confidence of the main stakeholders. Trust is a necessary condition for economic growth and performance at the corporate and national level. The world today has rapidly evolved into a tightly connected environment, trust constantly has to be won anew and building trust is more challenging in this new model than ever before.

But how can leaders create a high-trust environment in their organizations? Which leadership attributes matter and how can they be developed on a broader basis?

The Forum conducted a Global Agenda Survey in 2012, which was sent to over 2,800 constituents. The top issue which business respondents most wished to engage with the Forum on was lack of public trust in business. In terms of qualitative feedback, the global trends part of the survey identified a crisis of leadership and values.

It was following the review of the survey findings at the Annual Governors Meeting that the Leadership, Trust and Performance Equation Project was born.

Objectives

The broad aim of this project is to provide a robust analysis of how the lack of trust impacts private sector organizations, while being mindful to the applications and impact on the public sector; to identify the common patterns and differences between stakeholders and cultures; and to complement these findings with a study on good practices in (re)building trust.

The project will produce a body of work that will include:

  1. A research element that aims to understand the impact trust has on the economic and non-economic success of an organization and creates the social and economic case for fostering trust.
  2. A framework of best practice to help global leaders to:
    – Understand trust and the impact it has on the value and performance of their business
    – Provide guidance on the drivers of trust and what can be done to move those drivers across multiple stakeholder groups (e.g. customers, regulators, media, general public, investors)

This project will provide a platform for organizations to start and support the ongoing conversation on trust. The outputs should enable leaders to understand why trust is critical to create and maintain growth and performance, and then provide them with a framework they can use to embed trust best practice into their organizations.

To be successful, the project must have a significant influence on the debate on trust and provide a potential road map to organizations and institutions looking to rebuild trust and to justify why they should do so.

Stimulating Economies through Fostering Talent Mobility
The project on Stimulating Economies through Fostering Talent Mobility aims to engage academia, governments and businesses from various sectors in the development of recommendations on facilitating talent mobility across geographical and industrial boundaries and to share these with governments. Not only does the project highlight the impact of talent mobility on countries’ economies, growth opportunities and competitiveness, but it also assesses talent shortages in an innovative way, combining country perspectives with industry perspectives and building a matrix of the most pressing skills gaps.

The release of the report Talent Mobility Good Practices – Collaboration at the Core of Driving Economic Growth in 2012 follows on from this work. It highlights 55 case studies from around the world and shows concrete actions that organizations – including companies, governments, academic institutions, and non-profit entities – have implemented to address talent challenges. The report concludes with recommendations on how individual stakeholders can advance successful collaborative talent mobility practices. For an overview of the cases studies and issues addressed, see the report matrix.

Exploring Talent Challenges

Talent Mobility Good Practices - Online Repository

Human capital is an indispensable driver of economies. Talent capable to ensure success of organizations in turbulent times, handle the political, social agenda and boost science to fuel economies is a scarce resource. The crisis highlights imbalances on the human capital market and confronts key stakeholders with challenges that need to be overcome collectively.
The Forum has created an on-line community of people passionate about talent so that participants of our events can stay connected and keep exploring the challenges of talent landscape in the XXI Century.

Governors Meetings for Professional Services
The Governors Meeting of the Professional Services Industry gathers chief executives and chairpersons from the top global consulting, accounting, human capital and law firms who shape the future of the industry. The meeting is confidential and deliberations do not interfere with the competitive relations of companies. The meeting agenda is based on suggestions from the Governors. Governors can start projects or take any appropriate action under the Forum’s auspices to follow up on specific issues.