|
No edit summary
|
No edit summary
|
||
| Line 1: | Line 1: | ||
{{Infobox University |
{{Infobox University |
||
|name = The Lally School of Management & Technology |
|name = The Lally School of Management & Technology |
||
|native_name = Rensselaer Polytechnic Institute |
|||
|image = [[Image:Lallylogo.gif|255px|Logo of The Lally School]] |
|image = [[Image:Lallylogo.gif|255px|Logo of The Lally School]] |
||
|established = [[1963]] |
|established = [[1963]] |
||
| Line 47: | Line 48: | ||
::**''Severino Center for Technological Entrepreneurship''<br/> |
::**''Severino Center for Technological Entrepreneurship''<br/> |
||
::**''Radical Innovation Research Project''<br/> |
::**''Radical Innovation Research Project''<br/> |
||
== 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.[http://lallyschool.rpi.edu/main.cfm?p=0&c=4&s=2&L=0&inc=content] |
|||
== 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. [http://lallyschool.rpi.edu/main.cfm?p=0&c=4&s=2&L=0&inc=content] |
|||
== MBA in Management and Technology == |
== MBA in Management and Technology == |
||
Rensselaer Polytechnic Institute
| |
| Logo of The Lally School | |
| Type | Private |
|---|---|
| Established | 1963 |
| Dean | David A. Gautschi, Ph.D. |
| Undergraduates | 354[1] |
| Postgraduates | 655[2] |
| Location | , , |
| Website | [3] |
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 175 years of leadership in science and engineering, Rensselaer's Lally School develops technologically-savvy, entrepreneurial business leaders who can initiate and guide innovation for commercial success. All programs enable the next generation of business leaders to combine their passion for technology with the management ability to succeed in today's challenging global marketplace.
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]
Dean: David A. Gautschi, Ph.D.
Location:
Programs:
Specialties:
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]
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 world-class 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 the skills essential to integrating technology within and throughout business. The ability to advance business through innovation is developed through seminal courses like our faculty-intensive, year-long course in Design, Manufacturing and Marketing. MBA students learn a cross-disciplinary approach to commercializing technology, which is essential to the global business enterprise. 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]
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 Instrument Co.), 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. "I am confident that my gift will enable the school to win recognition as one of the premier MBA programs in the nation," says Lally.
As part of the Rensselaer ecosystem in innovation – from Discovery in the School of Science and Invention in the School of Engineering to Commercialization – the Lally School of Management and Technology fosters early stage technological innovation and radical innovation in large companies.
Faculty at the Lally School are researchers as well as practitioners, capable of teaching entrepreneurship and innovation, and involving students in real-world projects with startups and large, established companies.
The mission of the Radical Innovation Research Group is twofold: First, to continue the research that will produce new ideas and insights for improving the practice of managing radical innovation in larger, established companies; and Second, to deliver those ideas and insights to our partners in ways that help them improve their performance.
Radical innovation has the potential to offer either new-to-the-world performance features; a dramatic (5-10X) performance improvement in known features; or a dramatic (30-50%) reduction in cost.
The overarching hypothesis is that management practices for breakthrough innovations must be different from conventional new product development because radical innovations are high risk, high uncertainty undertakings. Conventional management practice is designed for lower uncertainty domains.
Since early 1995, Lally School faculty from diverse backgrounds in finance, marketing, entrepreneurship and operations have been studying management practices associated with radical innovation. Descriptions of research thus far with three cohorts of large companies, publications, and outcomes can be found on the Lally School Website.
The Severino Center for Technological Entrepreneurship in the Lally School fosters the work of seven (7) 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.
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.
Homepage: http://lallyschool.rpi.edu
