Rensselaer Alumni Magazine - Winter 2013/2014 - (Page 64)
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The Technologies of Management
Rensselaer business school celebrates 50 years of developing savvy marketplace leaders |
BY THOMAS BEGLEY
value our degree programs
Much has happened in the
THE BUSINESS SCHOOL AT RENSSEdeliver and their fit with
business world since 1963.
laer, today proudly known as the
Back then, General Motors
Lally School of Management, is 50
I like to say that the Lally
dominated the U.S. car maryears old. Significant milestones
School features the manageket and its management
give us pause to reflect on what has
ment of technology and
development programs were
transpired previously and to look
technologies of management.
the envy of industry. IBM was
ahead to the future.
The management of techa hardware company that was
In 1963, the Management
nology has been a long-term
preparing to release its revoEngineering Department was sepstrength of the school-some
lutionary System 360 mainarated from the Engineering
might claim its calling card-
frame. The majority of televiSchool and set up as a stand-alone
exemplified by the promisions were black-and-white.
School of Management. From a
nence of our Severino CenA stamp cost $.05 and a galdepartment that injected manageter for Technological Entrelon of gas was $.30. Business
rial concerns into the life of the
preneurship. Technologies of
education was trying to overEngineering School, it was now
management offer tools to
come its vocational image and
asked to remove the "Engineering"
improve managerial decisionseeking greater legitimacy in
from its title and expand on the
making. In our case, the
universities through increased
"Management." The new desigFinancial Engineering, Busirigor in research.
nation required its members to
ness Analytics, and Supply
Since its early days, the
reorient themselves more toward
Chain Management degrees
school has been small by busithe world of business, even if they
offer quantitative tools to
ness school standards. Underoriginally taught only engineering
The Lally School of Management and Technology, based
in the Pittsburgh Building, has evolved to the newly named
better inform managers and
graduate programs at business
Lally School of Management.
make businesses more effischools in private technoEventually, the school began to
helped shape our values and miscient and productive.
logical universities seem to share
admit its own management stusion: "To bridge management and
We see a bright future ahead in
this characteristic. For example,
dents and added faculty members
technology to create sophisticated
the next 50 years as part of this
programs at Carnegie Mellon and
with a more traditionally business
global business leaders who are preworld-class, technological research
Case Western are of similar size
school education and focus. The
pared to guide their organizations
university known as Rensselaer.
to Lally, and MIT's is smaller. By
core of the old Management Engiin the conversion of pioneering
We have excellent faculty memcontrast, at many comprehensive
neering Department returned to
ideas and analytical insights into
bers, dedicated professional staff,
private and pubthe School of
innovative products, processes,
bright and motivated students, and
Adopting the Rensselaer
alumni and alumnae who are eager
the more recentfocus on technology, innovaFor many years, Lally offered
to help. We will continue to shephave much largly recruited coltion, and quantitative skills
three degrees: a B.S. in Manageherd our small-school customized
enhances our competitivement, an MBA, and a Ph.D., and
environment, one where our facIn a technoto build the
ness among business schools.
we still offer them. Over the last
ulty say hello to students by name.
five years, we have grown the M.S.
We will continue to make outsized
the Lally School
in Management and initiated
contributions to the theory and
provides programs that compleKenneth T. Lally, a Rensselaer
two new M.S. degrees-Financial
practice of management. We will
ment those used in other parts of
trustee, entrepreneur, and philanEngineering and Risk Analytics as
continue to produce graduates
the university while still maintainthropist, and his wife, Thelma P.
well as Technology Commercialready and able to address the busiing our own identity. Adopting the
Lally, endowed the school in 1995
ization and Entrepreneurship. Just
ness challenges of tomorrow.
Rensselaer focus on technology,
and it was renamed the Lally
this year, we added the M.S. in
innovation, and quantitative skills
School in honor of their $15 milBusiness Analytics and the M.S. in
Tom Begley, B.A., M.A., Ph.D., is
enhances our competitiveness
lion gift and lasting legacy in
Supply Chain Management. We
dean of the Rensselaer Lally School of
among business schools.
management education and the
are very enthusiastic about the
This complementarity also has
64 RENSSELAER/WINTER 2013-14
Table of Contents for the Digital Edition of Rensselaer Alumni Magazine - Winter 2013/2014
Table of Contents
Snapshot: Rensselaer at Petascale
President's View: A Lesson From Microbes
Feature: The Rensselaer IDEA
Feature: Solving Problems
Feature:Hyerloop, Meet Tubeflight!
Feature: 2013 Alumni Hall of Fame
One Last Thing
Video Clip: Rensselaer at Petascale (AMOS)––Exerpts from President Jackson and CCI Director Chris Carothers remarks made at the Rensselaer at Petascale announcement event (3:21)
Slideshow: GE Girls@Rensselaer (0:54)
Video Clip: Data Forest––Director Jim Hendler discusses the "data forest" at the Rensselaer IDEA annoucement event (2:59)
Vimeo Link: EMPAC Research–– A New Paradigm for Interactive Exploration of Data with Live Coding (23:50)
YouTube Link: Alumni Hall of Fame Induction Ceremony (44:13)
Rensselaer Alumni Magazine - Winter 2013/2014