Type Private Administrative staff 56 Postgraduates 655 Total enrollment 530 (2010) Endowment 28.5 million USD | Established 1963 Undergraduates 354 Location Troy, NY, USA Founded 1963 Dean Thomas Begley | |
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Headquarters Troy, New York, United States Parent organization Rensselaer Polytechnic Institute Similar Rensselaer Polytechnic Institute, Rensselaer at Hartford, Florida Atlantic University, Coleman University, American University of Leader Profiles | ||
The Lally School of Management was founded in 1963 as part of Rensselaer Polytechnic Institute. Its current mission is "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."
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The school is housed in the Lally Building and in the historic Pittsburgh Building on 110 8th Street on RPI's campus in Troy, NY.
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 as a leader, an entrepreneur, a trusted adviser, 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.
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."
Academics
The Lally school offers the following programs:
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.