Lally School of Management

The Lally School of Management & Technology

Rensselaer Polytechnic Institute
Logo of The Lally School
Type	Private
Established	1963
Endowment	$28.5 million[1]
Dean	David A. Gautschi, Ph.D.
Undergraduates	354[2]
Postgraduates	655[3]
Location	Troy , NY , USA
Campus	Urban
Website	http://lallyschool.rpi.edu

The Lally School of Management and Technology was founded in 1963 as an integral part of Rensselaer Polytechnic Institute, the oldest technological university in the English-speaking world. Building on a heritage of more than 180 years of leadership in science and engineering, Rensselaer's Lally School aims to develop technologically-savvy, entrepreneurial business leaders who can initiate and guide innovation for commercial success. Academic programs combine a passion for technology with management ability to succeed in the global marketplace.

The school is housed in the historic Pittsburgh Building on Rensselaer's campus in Troy, NY.

The Lally School is ranked in the U.S. national top tier for Entrepreneurship and Innovation.[4] The MBA program was ranked #14 in the nation in 2006 by Entrepreneur Magazine and The Princeton Review.[5]

Key Facts

Dean: David A. Gautschi, Ph.D.

Location:

Rensselaer Polytechnic Institute

110 8th Street – Pittsburgh Building

Troy, NY 12180

518-276-2812 (Ph)

518-276-2348 (FAX)

http://lallyschool.rpi.edu

Programs:

• Full-time Residential MBA
  
• Executive MBA
  
• Ph.D. Program
  
• Undergraduate Management Degree
  
• Graduate Management Degrees
  
• Specialized Corporate Programs
  
• Rensselaer at Hartford – Professional Management Degrees
  

Specialties:

• New Cross-Functional MBA Curriculum
  • Incorporates core business functions (finance, operations, IT and marketing) into five interdisciplinary, team-taught streams of knowledge critical to managing a business in today’s global marketplace.
    
  • Launched in 2004 with concentrations in six areas of business.
• Top Tier Ranking in Entrepreneurship and Innovation
  
  • Severino Center for Technological Entrepreneurship
    
  • Radical Innovation Research Project
    

Mission

To develop technically sophisticated business leaders who are prepared to guide their organizations in the integration of technology for new products, new businesses, and new systems.[6]

Values

• Passion for lifelong learning.
• Dedication to the idea that management and technology, innovation and entrepreneurship are critical to improving the quality of life.
• Vibrant relations with our business partners.
• Rigor and relevance in intellectual contributions and business practice.
• Highest standards of ethics, responsibility, and respect for individuals.
• Creative solutions through interdisciplinary teamwork.
• Commitment to serving our stakeholders. [7]

MBA in Management and Technology

The focus on innovation and corporate entrepreneurship takes place on a campus that fosters interaction between Lally and Rensselaer's technological environment. Students regularly work with faculty and students in the schools of science and engineering. Living laboratories such as the Business Incubator Program, Office of Technology Commercialization, and Severino Center for Technological Entrepreneurship have led to the MBA program's national ranking in the top 25, by Entrepreneur magazine.

The MBA curriculum combines fundamental business tools with skills essential to integrating technology within and throughout business. The ability to advance business through innovation is developed through seminal courses like the faculty-intensive, year-long course in Design, Manufacturing and Marketing.

MBA students learn a cross-disciplinary approach to commercializing technology. The philosophy at Rensselaer of "low walls" encourages interaction between engineers, scientists and the Lally School toward the commercialization of advanced technology and the use of management and technology for new manufacturing systems, products and services.[8]

How the School Got Its Name

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 as a leader, an entrepreneur, a trusted advisor, and a friend. The Lallys' impact on Rensselaer is quite valuable. They wanted the school to be known throughout the world as the best of the breed. Lally, a successful 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.

Entrepreneurship

The Severino Center for Technological Entrepreneurship in the Lally School fosters the work of professors at Lally who teach entrepreneurship and help develop early-stage companies. Its BIOTECH series and participation in BICONNEX events foster collaborations between high growth biotech firms in the area, venture capitalists, and larger companies. In addition the Center funds a Tech Valley Collegiate Business Plan Competition for young entrepreneurs, sponsors annual events, such as Rensselaer’s Entrepreneur of the Year, and helps build the pipeline of underrepresented populations through conferences on Women of Diversity in Entrepreneurship, which brings high caliber role models to the community.

From these efforts, students from the Lally School and Rensselaer’s broader university community can incubate their ventures at the RPI Incubator on campus. As they develop their ventures and grow their companies, they can then move on to Rensselaer’s Technology Park.

Groundbreaking MBA Curriculum: High Speed Innovation

MBA students at Lally work in an innovative, entrepreneurial environment and are exposed to a cross-functional curriculum that integrates all business disciplines across a continuum. They tackle real-world business problems associated with "creating and managing an enterprise," "developing new, innovative products and services," and "managing the business implications of emerging technologies" where economics, finance, marketing, operations, people, and information technology must be integrated to achieve goals.

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.

In the end, students leaving with a Lally MBA are well-equipped to take on the challenges of today’s global economy where high speed innovation is essential to bottom line performance for all types of companies.

External links

Homepage: http://lallyschool.rpi.edu