According to WEF founder Klaus Schwab, The Great Reset agenda is the best chance to instigate stakeholder capitalism using the following three main components:[6]
Steering markets toward fairer outcomes: This part of The Great Reset aims to encourage governments to change wealth taxes, withdraw fossil-fuel subsidies, and adopt new rules governing intellectual property, trade, and competition to promote a stakeholder economy.[6]
Ensure that investments advance shared goals: This part of The Great Reset aims to encourage governments and private entities to spend recovery funds on goals like equality and sustainability. Schwab argued, "Rather than using these funds, as well as investments from private entities and pension funds, to fill cracks in the old system, we should use them to create a new one that is more resilient, equitable, and sustainable in the long run.
This means, for example, building 'green' urban infrastructure and creating incentives for industries to improve their track record on environmental, social, and governance (ESG) metrics."[6]
Harness the innovations of the Fourth Industrial Revolution to support the public good: Schwab argued that the cooperation among companies, universities, and others to respond to COVID-19 should continue to address other health and social challenges.[6]