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|name = The Lally School of Management
|name = The Lally School of Management
|native_name = Rensselaer Polytechnic Institute
|native_name = Rensselaer Polytechnic Institute
|image = [[Image:RPI_Lally_Logo_12041-03_RPI_Lally_Lockup_Large_CMYK_TWO_COLOR.png|255px|Logo of The Lally School]]
|image = [[Image:Lally School of Management logo.png|255px|Logo of The Lally School]]
|established = 1963
|established = 1963
|type = [[Private school|Private]]
|type = [[Private school|Private]]
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}}
}}


The Lally School of Management, part of [[Rensselaer Polytechnic Institute]] (RPI) in Troy, New York, was established in 1963<ref name = "ThomasBegleyInterview">{{Cite web|url = https://news.rpi.edu/content/2014/04/04/insider%E2%80%99s-perspective-dean-lally-school-management|title=RPI News: Dean Thomas Begley Interview}}</ref> . Recognized as one of the top business schools in the United States, Lally is distinguished by its focus on integrating management, technology, and innovation<ref name = "PrincetonReview">{{Cite web|url=https://www.princetonreview.com/business-school-rankings/?rankings=best-business-schools|title = Princeton Review Best Business Schools}}</ref><ref>{{Cite web|url=https://www.topuniversities.com/universities/rensselaer-polytechnic-institute/lally-school-management|title=Topuniversities.com - About Lally School of Management}}</ref>. The school offers a variety of undergraduate, graduate, and doctoral programs, with specializations in business analytics, management, entrepreneurship, finance, and other related fields.
The Lally School of Management is the business school of Rensselaer Polytechnic Institute (RPI), located in Troy, New York. Established in 1963,<ref name = "ThomasBegleyInterview">{{Cite web|url = https://news.rpi.edu/content/2014/04/04/insider%E2%80%99s-perspective-dean-lally-school-management|title=RPI News: Dean Thomas Begley Interview}}</ref> the school is known for its emphasis on the integration of management, technology, and innovation.<ref name = "PrincetonReview">{{Cite web|url=https://www.princetonreview.com/business-school-rankings/?rankings=best-business-schools|title = Princeton Review Best Business Schools}}</ref><ref>{{Cite web|url=https://www.topuniversities.com/universities/rensselaer-polytechnic-institute/lally-school-management|title=Topuniversities.com - About Lally School of Management}}</ref> Lally offers a range of undergraduate, graduate, and doctoral programs, with specializations in areas such as business analytics, management, entrepreneurship, and finance.


With a strong focus on research and interdisciplinary collaboration<ref name="MsgDean">{{Cite web|url=https://lally.rpi.edu/about/message-dean|title= Message From Dean Liad Wagman.}}</ref>, Lally leverages RPI’s strengths in science, engineering, and technology to prepare students for leadership roles in a rapidly changing global economy. The school is accredited by the Association to Advance Collegiate Schools of Business (AACSB)<ref name = "AACSB">{{Cite web|url=https://www.aacsb.edu/accredited/r/rensselaer-polytechnic-institute|title = AACSB - Rensselaer Polytechnic Institute}}</ref>, reflecting its commitment to excellence in education and research.
The school places a strong emphasis on research and interdisciplinary collaboration, drawing on RPI's strengths in science, engineering, and technology to prepare students for leadership roles in various sectors of the global economy.<ref name="MsgDean">{{Cite web|url=https://lally.rpi.edu/about/message-dean|title= Message From Dean Liad Wagman.}}</ref> The Lally School is accredited by the [[Association to Advance Collegiate Schools of Business]] (AACSB).<ref name = "AACSB">{{Cite web|url=https://spectrumlocalnews.com/tx/austin/business-beat/2016/05/18/rpi-lally-school-of-management-receives-prestigious-accredidation|title = AACSB - Rensselaer Polytechnic Institute}}</ref><ref name = "SpectrumNewsAACSB">{{Cite web|url=https://www.aacsb.edu/accredited/r/rensselaer-polytechnic-institute|title = Spectrum News: RPI Lally School of Management Receives Prestigious Accreditation}}</ref>


Lally’s faculty comprises scholars and industry experts who contribute to cutting-edge research in areas such as finance, information technology, supply chain management, and artificial intelligence. The school’s alumni network is global, with graduates holding leadership positions in a variety of industries, including finance, technology, agriculture, and media<ref>{{Cite web|url = https://lally.rpi.edu/faculty|title =Lally's Faculty}}</ref>.
Lally's faculty includes scholars and industry professionals who engage in research across disciplines such as finance, information technology, supply chain management, and artificial intelligence.<ref>{{Cite web|url = https://lally.rpi.edu/faculty|title =Lally's Faculty}}</ref>


==History==
==History==
The Lally school, founded in 1963, is relatively new to RPI, which was founded in 1824. The Lally school was originally solely a management program for engineers. It was originally housed in the [[Jonsson Engineering Center]] and Lally Management Center, before finally being moved to the larger Pittsburgh Building. The management school was named after Rensselaer trustee Kenneth T. Lally and his wife, Thelma P. Lally. Kenneth T. Lally has been an important member of the Rensselaer community since 1970. The Lallys wanted the school to be known throughout the world as the "best of the breed". Lally, an entrepreneur who saved the historic W.& L.E Gurley Company (now [[Gurley Precision Instruments]]), knew the challenge of managing a technological venture. To help the management school gain national prominence, the Lallys gave $15 million, which was, up until 2001, the largest single gift in Rensselaer's history. To honor the benefactors and to more properly reflect the school's unique focus, the school became the Kenneth T. and Thelma P. Lally School of Management and Technology.<ref>{{cite web |url=https://lally.rpi.edu/about-lally |title=About Lally — the Lally School of Management & Technology |access-date=2024-07-10}} How it got its name</ref>
The Lally School of Management was founded in 1963<ref name="ThomasBegleyInterview" /> as part of Rensselaer Polytechnic Institute (RPI), America’s first technological university, which was originally founded in 1824<ref name ="RPITimeline">{{Cite web|url = https://archives.rpi.edu/institute-history/timeline-rpi-history|title = RPI Archives: History Timeline}}</ref>. The school was established to integrate business education with RPI’s strong emphasis on science and engineering, reflecting the institution’s broader mission to apply technological advancements to practical business challenges<ref name="MsgDean"/>.


Initially, Lally was housed in the [[Jonsson Engineering Center]] and the Lally Management Center. However, as the school expanded, it eventually moved to the larger Pittsburgh Building, a historic structure completed in 1912. This building originally contained RPI's administrative offices, the library, and the Geological and Mineralogical Museum. It was funded by the Pittsburgh Alumni Association at a cost of approximately $125,000, reflecting its significant importance to the Institute<ref>{{Cite web|url = https://archives.rpi.edu/institute-history/building-histories/pittsburgh-building|title =Institute Archives and Special Collections: Pittsburgh Building}}</ref>.
The Pittsburgh Building was completed in 1912 and originally contained the administrative offices of the institute, the library, and the Geological and Mineralogical Museum. "It was presented by the members of the Pittsburgh Alumni Association, and has cost furnished about $150,000."<ref>''[[The New York Times]]'', February 11, 1912.</ref>


==Accreditation==
The management school was named after Rensselaer trustee Kenneth T. Lally and his wife, Thelma P. Lally. Kenneth T. Lally, an important member of the Rensselaer community since 1970, was an entrepreneur known for saving the historic W. & L.E. Gurley Company (now [[Gurley Precision Instruments]]<ref>{{Cite web|url = https://www.gurley.com/|title =gurley.com}}</ref>). His experience in managing a technological venture deeply influenced his vision for the school. The Lallys wanted the school to be known throughout the world as the "best of the breed." To help the school gain national prominence, they donated $15 million, which was, until 2001, the largest single gift in Rensselaer’s history<ref name="ThomasBegleyInterview" />.
The school is accredited by the [[Association to Advance Collegiate Schools of Business]] (AACSB).<ref name = "SpectrumNewsAACSB">{{Cite web|url=https://www.aacsb.edu/accredited/r/rensselaer-polytechnic-institute|title = Spectrum News: RPI Lally School of Management Receives Prestigious Accreditation}}</ref><ref name = "AACSB">{{Cite web|url=https://spectrumlocalnews.com/tx/austin/business-beat/2016/05/18/rpi-lally-school-of-management-receives-prestigious-accredidation|title = AACSB - Rensselaer Polytechnic Institute}}</ref>


Throughout its history, the Lally School has maintained its commitment to blending technical expertise with business education. It achieved [[AACSB]] accreditation in 1977<ref>{{Cite web|url = https://news.rpi.edu/content/2021/05/25/prestigious-accreditation-extended-lally-school-management|title =RPI News: Prestigious Accreditation Extended for Lally School of Management}}</ref>, which it has held ever since<ref name="AACSB" />, further establishing its reputation for excellence in business education<ref name = "PrincetonReview"/>. Over the years, the school has expanded its academic offerings, particularly in emerging fields such as business analytics, supply chain management, and technological entrepreneurship, to prepare students for leadership roles in an increasingly technology-driven global economy<ref name="ThomasBegleyInterview" />.

Today, the Lally School of Management continues to build on this legacy, leveraging its location in New York’s Capital Region, a hub for innovation in fields such as artificial intelligence and quantum computing, to provide students with cutting-edge education and research opportunities<ref name="MsgDean"/>.
==Academics==
==Academics==


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As part of an experiential learning environment, students work on the [[patent portfolio]] from Rensselaer’s Office of Commercialization in the Incubator as part of their strategy class. They take on real-world problems and research for local companies; and work with faculty on radical innovation projects for large, established firms.
As part of an experiential learning environment, students work on the [[patent portfolio]] from Rensselaer’s Office of Commercialization in the Incubator as part of their strategy class. They take on real-world problems and research for local companies; and work with faculty on radical innovation projects for large, established firms.

==Severino Center for Technological Entrepreneurship==

The Paul J. ’69 and Kathleen M. Severino Center for Technological Entrepreneurship (SCTE) helps foster new generations of budding and successful entrepreneurs through outreach programs, education and support systems.

Centered in Rensselaer’s Lally School of Management & Technology, the Severino Center lies at the core of Lally’s commitment to Entrepreneurship, providing a broad-based platform for entrepreneurs to make the transition from concept to company.

The mission of the SCTE is to expose every Rensselaer student to the practices and principles of entrepreneurship and to extend Rensselaer’s leadership and national prominence in technological entrepreneurship.
The center implements this mission by:

Providing and supporting opportunities to learn fundamental principles of entrepreneurship and study historical cases of successful entrepreneurs;
Providing opportunities to listen to, interact with, and work with experienced entrepreneurs;
Helping students with ideas for new innovations to find resources for commercializing their ideas, and helping students who are seeking businesses opportunities to find and initiate them;
Guiding, mentoring and coaching student-based start-up businesses;
Connecting students who are starting businesses to resources and networks within and beyond the Rensselaer community.

The mission also states that the Center will focus on technological entrepreneurship, meaning that attention and resources are primarily, though not solely, directed at entrepreneurial principles, experiences and new business initiatives specifically driven by novel or advanced technology.


==References==
==References==

Latest revision as of 13:34, 9 October 2024

The Lally School of Management
Rensselaer Polytechnic Institute
Logo of The Lally School
TypePrivate
Established1963
Endowment$28.5 million[1]
DeanLiad Wagman, Ph.D.[2][3]
Academic staff
27[4]
Administrative staff
56[1]
Undergraduates354[1]
Postgraduates655
Location
Troy
,
NY
,
USA
CampusUrban
Websitehttp://lally.rpi.edu

The Lally School of Management is the business school of Rensselaer Polytechnic Institute (RPI), located in Troy, New York. Established in 1963,[5] the school is known for its emphasis on the integration of management, technology, and innovation.[6][7] Lally offers a range of undergraduate, graduate, and doctoral programs, with specializations in areas such as business analytics, management, entrepreneurship, and finance.

The school places a strong emphasis on research and interdisciplinary collaboration, drawing on RPI's strengths in science, engineering, and technology to prepare students for leadership roles in various sectors of the global economy.[8] The Lally School is accredited by the Association to Advance Collegiate Schools of Business (AACSB).[9][10]

Lally's faculty includes scholars and industry professionals who engage in research across disciplines such as finance, information technology, supply chain management, and artificial intelligence.[11]

History

[edit]

The Lally school, founded in 1963, is relatively new to RPI, which was founded in 1824. The Lally school was originally solely a management program for engineers. It was originally housed in the Jonsson Engineering Center and Lally Management Center, before finally being moved to the larger Pittsburgh Building. The management school was named after Rensselaer trustee Kenneth T. Lally and his wife, Thelma P. Lally. Kenneth T. Lally has been an important member of the Rensselaer community since 1970. The Lallys wanted the school to be known throughout the world as the "best of the breed". Lally, an entrepreneur who saved the historic W.& L.E Gurley Company (now Gurley Precision Instruments), knew the challenge of managing a technological venture. To help the management school gain national prominence, the Lallys gave $15 million, which was, up until 2001, the largest single gift in Rensselaer's history. To honor the benefactors and to more properly reflect the school's unique focus, the school became the Kenneth T. and Thelma P. Lally School of Management and Technology.[12]

The Pittsburgh Building was completed in 1912 and originally contained the administrative offices of the institute, the library, and the Geological and Mineralogical Museum. "It was presented by the members of the Pittsburgh Alumni Association, and has cost furnished about $150,000."[13]

Accreditation

[edit]

The school is accredited by the Association to Advance Collegiate Schools of Business (AACSB).[10][9]

Academics

[edit]

The Lally school offers the following programs:

  • Full-time Residential
  • Executive MBA[14]
  • Ph.D. Program[15]
  • Undergraduate Management Degree
  • Graduate Management Degrees
  • Specialized Corporate Programs

As part of an experiential learning environment, students work on the patent portfolio from Rensselaer’s Office of Commercialization in the Incubator as part of their strategy class. They take on real-world problems and research for local companies; and work with faculty on radical innovation projects for large, established firms.

References

[edit]
  1. ^ a b c "Bloomberg". Bloomberg.com. Retrieved 19 May 2019.
  2. ^ "Liad Wagman: Dean". lally.rpi.edu/about/message-dean. Retrieved 10 July 2024.
  3. ^ "Economics Expert Liad Wagman Named Dean of RPI's Lally School of Management". rpi.edu.
  4. ^ "Faculty; The Lally School of Management". Retrieved 2022-05-03.
  5. ^ "RPI News: Dean Thomas Begley Interview".
  6. ^ "Princeton Review Best Business Schools".
  7. ^ "Topuniversities.com - About Lally School of Management".
  8. ^ "Message From Dean Liad Wagman".
  9. ^ a b "AACSB - Rensselaer Polytechnic Institute".
  10. ^ a b "Spectrum News: RPI Lally School of Management Receives Prestigious Accreditation".
  11. ^ "Lally's Faculty".
  12. ^ "About Lally — the Lally School of Management & Technology". Retrieved 2024-07-10. How it got its name
  13. ^ The New York Times, February 11, 1912.
  14. ^ "Business Administration, MBA | Lally School of Management". Retrieved 2024-08-21.
  15. ^ "Ph.D. in Management". Lallyschool.rpi.edu. Retrieved 2024-08-21.
[edit]

42°43′48″N 73°40′54″W / 42.7300°N 73.6818°W / 42.7300; -73.6818

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