ISB, EY join hands for emerging markets studies

Global consultancy major will extend financial support for the initiative for five years

Hyderabad: Global consultancy major EY has joined hands with the city-based Indian School of Business (ISB) to set up the ISB-Initiative for Emerging Markets Studies (IEMS) which will pursue research and thought leadership on issues facing businesses and policy makers in emerging markets.

Under this partnership, EY will provide financial support of $2.5 lakh a year for five years for the initiative which will be taken up under the aegis of EY-supported Institute of Emerging Markets Studies (EY-IEMS). “The initiative is in alignment with ISB’s belief in balancing between the best of Asian insights with that of the West.

It also aims at a balance between theory and practice for impact on business strategy and public policy and on a multi-disciplinary approach in its research and programmes,” said Prof. Rajendra Srivastava, Dean, ISB. The EY-IEMS is a global network of academic institutions that are based in emerging markets.

The purpose of the network is to create insightful, connected and responsive thought leadership about economic issues in emerging markets. ISB joined the EY-IEMS network in 2014 and this joint initiative is expected to further strengthen the relationship. “We are delighted with this partnership with ISB, which re-enforces EY’s commitment to the emerging markets.

I believe that our collaboration will provide both governments and businesses with the insights that can help them shape their future agenda for growth in these markets,” said Rajiv Memani, Chairman, EY India. The emerging markets have a dynamic and unique business environment, where the forces of technology, entrepreneurship, innovation and financial inclusion are transforming existing business models, he added.