They will collaborate in the areas of research, teaching, student exchange programmes, internationalising the curriculum of business programmes offered by ISB and Deakin Business School, and in development of innovative approaches to meeting international accreditation standards.
Deakin Business School (DBS) dean Michael Ewing and ISB senior associate dean, Faulty and Research, Sridhar Seshadri signed the MoU.
The MoU has been signed for an initial period of three years.
"The faculty have visited each other's institutions on a few occasions already and we recently successfully piloted a joint, synchronous case study, whereby ISB and DBS students analysed the same case study in real-time," said Ewing.
According to him, this is an innovative approach to enable authentic cross-cultural interaction for geographically-dispersed students.
"This is a great opportunity for us to expand the frontiers of research globally with a like-minded partner," said Sridhar Seshadri.