WEF announce founding members list for community of global growth cos

12 Nov '07

3 min read

As ambassadors of the group, we look forward to engaging them in growing the community and addressing the common issues related to what it means to go global.”

The Community of Global Growth Companies is based on the premise that visionary companies can expand more rapidly than at any time in history, helped by new factors such as global financing, instant communications, rapidly scaleable technologies and integrated logistical networks.

In this environment, an increasing number of new players are building a global reach and competitive advantage. This group of highly influential companies is reshaping the global business landscape.

While Global Growth Companies do not have the size and international reputation of traditional multinationals, they succeed through speed, flexibility and constant innovation. Some of the key indicators of these companies are:

• Growth rates exceeding 15% year-on-year
• Revenues typically between US$ 100 million and US$ 2 billion
• Demonstrated leadership in a particular niche or industry

Members of the Community have the opportunity to network and share experiences with each other as well as with the greater Forum Community. Of special note is the Community's ability to work with a select number of the Forum's Strategic Partners, the GGC Community Partners, to get insights and guidance on such topics as managing risk, strategic growth, branding and talent management.

Together they will address the most pressing issues facing rapidly growing companies in their efforts to go global. The GGC Community Partners are:

• Accenture
• Ernst & Young
• Apax Partners
• Infosys Technologies
• Avaya
• McKinsey & Company
• Bain & Company
• PepsiCo
• The Coca-Cola Company
• WPP
• Dubai Holding
• Zurich Financial Services

The second Annual Meeting of the New Champions will take place in Tianjin, People's Republic of China, on 25-27 September 2008.

World Economic Forum

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