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==History==
==History==
The Lally School of Management was founded in 1963 as part of Rensselaer Polytechnic Institute (RPI), America’s first technological university, which was originally founded in 1824. 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​ (Lally School of Management)​ (RPI News).
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 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>
Initially, the Lally School 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 $150,000, reflecting its significant importance to the Institute​ (RPI News).

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). 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​ (Lally School of Management)​ (RPI News).

In recognition of their contributions and to properly reflect the school’s unique focus on integrating management and technology, the school was renamed the Kenneth T. and Thelma P. Lally School of Management and Technology​ (Lally School of Management).

Throughout its history, the Lally School has maintained its commitment to blending technical expertise with business education. It achieved AACSB accreditation in 1977, which it has held ever since, further establishing its reputation for excellence in business education​ (RPI News)​ (RPI News). 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​ (RPI News)​ (RPI News).

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​ (Lally School of Management).


==Leadership==
==Leadership==

Revision as of 21:00, 20 August 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]
Academic staff
27[3]
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. Founded in 1963[4], Lally is one of the best business schools in the United States[5], known for its integration of management, technology, and innovation[6]. The school offers a range of undergraduate, graduate, and doctoral programs that emphasize entrepreneurship, finance, and operations management, among other disciplines.

With a strong focus on research and interdisciplinary collaboration[7], 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)[8], reflecting its commitment to excellence in education and research.

Lally’s faculty comprises scholars and industry experts who contribute to cutting-edge research in areas such as finance, sustainability, 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, and consulting [9]

History

The Lally School of Management was founded in 1963 as part of Rensselaer Polytechnic Institute (RPI), America’s first technological university, which was originally founded in 1824. 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​ (Lally School of Management)​ (RPI News).

Initially, the Lally School 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 $150,000, reflecting its significant importance to the Institute​ (RPI News).

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). 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​ (Lally School of Management)​ (RPI News).

In recognition of their contributions and to properly reflect the school’s unique focus on integrating management and technology, the school was renamed the Kenneth T. and Thelma P. Lally School of Management and Technology​ (Lally School of Management).

Throughout its history, the Lally School has maintained its commitment to blending technical expertise with business education. It achieved AACSB accreditation in 1977, which it has held ever since, further establishing its reputation for excellence in business education​ (RPI News)​ (RPI News). 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​ (RPI News)​ (RPI News).

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​ (Lally School of Management).

Leadership

  • Liad Wagman, Dean[10]
The Pittsburgh Building
  • Chris McDermott, Associate Dean for Research[11]
  • Brian Clark, Associate Dean for Academic Affairs[12]
  • M. Hakan Hekimoglu, Ph.D. Program Director[13]
  • Gaurav Jain, M.S. Programs Director[14]
  • Kevin Fletcher, Undergraduate Program Director[15]

Academics

The Lally school offers the following programs:

  • Full-time Residential [16]
  • Executive MBA
  • Ph.D. Program[17]
  • 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.

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

  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. ^ "Faculty; The Lally School of Management". Retrieved 2022-05-03.
  4. ^ https://news.rpi.edu/content/2014/04/04/insider%E2%80%99s-perspective-dean-lally-school-management
  5. ^ "Princeton Review Best Business Schools".
  6. ^ "Topuniversities.com - About Lally School of Management".
  7. ^ "Lally Message From Dean".
  8. ^ "AACSB - Rensselaer Polytechnic Institute".
  9. ^ "Lally's Faculty".
  10. ^ "Economics Expert Liad Wagman Named Dean of RPI's Lally School of Management". rpi.edu.
  11. ^ "Chris McDermott; Lally School of Management".
  12. ^ "Brian Clark; Lally School of Management".
  13. ^ "M. Hakan Hekimoglu; Lally School of Management".
  14. ^ "Gaurav Jain; Lally School of Management".
  15. ^ "Kevin Fletcher; Lally School of Management".
  16. ^ "Executive MBA — the Lally School of Management & Technology". Archived from the original on 2010-05-07. Retrieved 2010-05-17.
  17. ^ "Ph.D. in Management". Lallyschool.rpi.edu. Retrieved 19 May 2019.

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

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