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Monday, May 31, 2010


Why Not Change The World?

Start at the edge and go to the top at the Lally School of Management & Technology


Your job is fine, as far as it goes. But you want to lead. You also know tomorrow’s leader will be completely different from yesterday’s. And only tomorrow’s leader will get to the top. How do you become that person? You get there by earning your MBA from the Lally School of Management and Technology. The Lally MBA is a highly selective program that doesn’t respond to market needs, but predicts them. A program that works like tomorrow’s business with its emphasis on technology, innovation and entrepreneurship and immerses you in it from Day One.

How will the world work tomorrow?
Tomorrow’s business is already emerging, and it is vastly different from anything the world has seen so far. Managers routinely cross disciplines. Technology is all-important. Anything worth doing is done by teams. Innovation is required. Everything is global, yet the spirit of collaboration drives businesses to create new “centers of innovation.”

How will you work at Lally?
The Lally School’s entire structure mirrors the shape of tomorrow’s business. The curriculum forces you to think across many disciplines, while learning the fundamentals of each. Most of your work happens in teams. Student-directed projects allow you to take charge. You’ll constantly have to think globally and work with students and faculty from all over the world. You’ll study in Tech Valley, a burgeoning center of innovation in New York State of which Rensselaer is a cornerstone.

What will you look like when you graduate?
You will look like someone equipped to lead. You will have the skill set, the flexibility of thought, the global perspective, and the passion for innovation to get to the top of tomorrow’s business. And you will find abundant opportunities to use those strengths.Lally MBA graduates have gone on to leadership in such global giants as IBM, Citigroup, and American Express. Others, true to the Lally spirit of enterprise, have launched exceptionally successful ventures of their own.

Immerse yourself in Lally: Not just courses. Streams of knowledge
From the first day in the Lally MBA program, something will seem different. Your morning class might deal not with accounting or marketing specifically, but with what it takes to create and manage an enterprise and the business aspects of emerging technologies. Behind this approach is our focus on “streams of knowledge”: concepts that cross disciplines to address the most pressing issues of tomorrow’s business. For two years, you will explore how organizations leverage technology, innovate over their life cycle, and use the spirit of enterprise to make things happen. Of course, you will graduate knowing the essentials of finance, marketing, operations, and other disciplines. But by studying “streams of knowledge,” you will be able to synergize those disciplines to create new value-added solutions.

Lally: One classroom, many professors.
Because our classes cross disciplines, so do our teaching teams. MBA classes include professors in a range of fields, from design and manufacturing to marketing and finance. Among these professors are both distinguished researchers and clinical faculty who have excelled in business themselves. Together, they bring a blended learning approach that combines state-of-the-art abstract concepts with practical insights into contemporary business practices. And the program’s small size enables you to make the most of their expertise. As a result of this approach, you explore each issue from every angle. In the process, you encounter the environment you will face after graduation and learn how to succeed in it.

Technology. Innovation. Entrepreneurship.
More than anything, the Lally School MBA is about technology, entrepreneurship and innovation: leading the way to introduce new technologies and solutions to relevant markets. This is why Lally will ask you to take charge during your course of study:
• Taking the lead in creating business plans, technology assessments, competitive analyses and other key initiatives.
• Working intensively in teams with other students, all of whom hold solid business experience.
• Working on actual business projects for established and startup companies alike, especially in “Managing on the Edge,” which places you in challenging, unpredictable experiences to test what you have learned.
• Exploring the business implications of such fields as nanotechnology, biotechnology and information technology. At Lally, technology takes center stage.

Technology leads to collaboration and collaboration crosses borders.
For that reason, the Lally experience is a global experience. While here, you will explore how business is conducted in other countries. You will take a virtual course with students in places like India, China, and Ukraine. You will encounter students, MBA candidates and others, from nearly every spot on earth.
In the process, you will find yourself not just accepting diversity, but living it. It is essential for anyone who wants to succeed in tomorrow’s world.

Who should apply to Lally?
As a small, highly selective MBA program, we seek candidates with excellent academic credentials, insatiable curiosity and professional work experience. Our typical students earned a 3.0 GPA during their undergraduate years and scored 630 on the GMAT. They have spent ample time in the workplace and are driven to move forward. These attributes, together with the global and educational diversity of our student body, make the Lally MBA experience unlike any other.

Get ready for the rest of your career.
When you complete the Lally MBA program, you will have the abilities you need to succeed in tomorrow’s business: a flair of innovation, the elan of an entrepreneur, the ability to move boldly across disciplines and borders and the inner resources to take charge in the face of technological change.

How do you start?
Contact the Lally Admissions office to learn more about the Lally MBA program, schedule a campus tour, sit in on a class or attend an open house: www.lallyschool.rpi.edu

About the Lally School of Management & Technology
The Lally School of Management & Technology was founded in 1963 as an integral part of Rensselaer Polytechnic Institute, America’s oldest technological university. Building on Rensselaer's world-class facilities and leadership in science and engineering, Lally is dedicated to advancing business through innovation. Lally offers graduate, doctoral and undergraduate degree programs in management, and an executive MBA program. Lally’s programs focus on the strategic management of technology and creating value through innovation and entrepreneurship. Located in New York’s Tech Valley, Lally offers a growing portfolio of collaborative programs with enterprises and academic institutions in the Indian sub-continent, China, Europe, and the Middle East. 

About Rensselaer Polytechnic Institute
Rensselaer Polytechnic Institute, founded in 1824, is the nation’s oldest technological university. The university offers bachelors, masters, and doctoral degrees in engineering, the sciences, information technology, architecture, management, and the humanities and social sciences. Institute programs serve undergraduates, graduate students, and working professionals around the world. Rensselaer faculty are known for pre-eminence in research conducted in a wide range of fields, with particular emphasis in biotechnology, nanotechnology, information technology, and the media arts and technology. The Institute is well known for its success in the transfer of technology from the laboratory to the marketplace so that new discoveries and inventions benefit human life, protect the environment, and strengthen economic development.

What’s Hot in Management

The Lally School of Management & Technology


Entrepreneurship:
The Lally School has a strong tradition of developing entrepreneurs who create new ventures or bring their entrepreneurial management skills to established organizations. By combining theory and practice in the classroom and providing ample opportunities for students to interact with experienced entrepreneurs, the Lally School enables students to understand and appreciate how a new business is born.
The Servino Center for Technological Entrepreneurship at the Lally School is the focal point for both scholarship and learning and serves as a bridge to the Rensselaer Incubator and Technology Park. Students participate in lectures and discussions through annual events, such as the Women in Entrepreneurship Symposium, Women of Diversity Entrepreneurship Conference, the Biotechnology Management Entrepreneurship Conference and other major events that include both the entire Rensselaer university community and the fast growth companies from the Tech Valley region.

Innovation: In today’s global business environment even small and medium sized enterprises take on international markets. Globalization of business has changed the playing field as well as the rules of engagement. Being able to manage technology with both transnational and national settings has become an increasingly critical skill, as the process of innovation and technological discovery has become a truly global experience. Highly focused, multinational business teams are working in North America, Asia and Europe on a 24/7 basis as the requirement of staying competitive necessitate nonstop innovation. The Lally School is particularly adept at training individuals to address these multiple challenges on a global stage.

Business Leaders: Lally School graduates are business leaders, well prepared to guide organizations in the integration of strategy, marketing and technology for the development of socially responsible products and services, new business models and new operational systems.

Management: The Management program at the Lally School provides a fundamental education in the traditional disciplines of management with a strong focus on integrated systems. Required and specialized courses are coordinated and linked. Functional management courses utilize methodologies introduced in specialized technical courses while building on the cases and examples introduced in other classes. The management major emphasizes how to apply new technologies to improve organization effectiveness and efficiency.

Concentrations: Students are encouraged to select one or more sequences of courses in an area of concentration. These concentrations provide students the opportunity to pursue their career interests.

- Financial systems
- Management information systems
- Marketing systems
- Technological entrepreneurship

Co-op Assingments:

- Management of information systems, IRS
- Marketing and sales, Albany River Rats Ice Hockey
- Off channel productions, MTV Networks
- Operations management, General Electric




Undergraduate Programs: The core sequences prepare students to assume a leadership role in a rapidly changing technological society. The management sequence emphasizes basic business skills including finance, marketing, computing and operations. The math and science sequence provides a strong background in quantitative analysis, while courses in the humanitites and social sciences heighten the students appreciation for significant societal issues. Throughout the program, the topics introduced in various courses are integrated to broaden the student’s decision making competencies.

Career and Graduate Options:

- Accounting
- Finance
- General management
- Information systems
- Law
- Management of information systems
- Marketing
- New product development
- Operations and production
- Strategy

Students in the Lally School address the unique managerial issues and organizational challenges associated with working in an international business setting. Students are encouraged to expand beyond the classroom and to enhance their international perspectives by participating in study programs abroad.

Direct From the Dean: To quote David Gautschi, Dean of The Lally School, “The Lally School is uniquely positioned to educate leaders for the global, technology-driven marketplace of the 21st century. Our students acquire the tools and skills to formulate effective strategies for decision-making in tomorrow’s complex and dynamic business climate. Our mission is clearly an ambitious one. Students who choose the Lally School do so because they are drawn to our innovative approach, working on the frontiers of business and technology. In fact, the content and structure of our curriculum are designed to educate individuals who are agile and creative problem-solvers prepared to tackle 21st century business challenges”.

What’s Hot in Management and Technology at Lally:


- The Servino Center for Technological Entrepreneurship
- Rensselaer Incubator Center
- Archer Center for Student Leadership Development:providing skill-based,interactive leadership education for students
- Tech Valley Collegiate Plan competition
- The Lally Innovation Competition
- Undergraduate Research Program

The Lally School of Management and Technology also offers an accelerated law program preparing students to handle the complex legal and managerial issues of today’s technological society.

For more details on the Lally School of Management & Technology visit: http://www.lallyschool.rpi.edu

Thursday, May 27, 2010


Lally Launches NEW Full Time One Year MBA Program

The Lally School of Management & Technology at Rensselaer Polytechnic Institute has announced the launch of its new full time, one year MBA Program. Patterned after global MBA programs that are the norm outside the U.S., the new 51-credit hour program replaces the school’s previous 2-year MBA degree program. A new Pathfinder MBA Option for qualifying students is available for recent undergraduates, and replaces the previous Pathfinder MBA program.

The new MBA program was developed by a senior faculty committee comprised of Lally Dean David A. Gautschi, Dr. Jeffrey F. Durgee, Associate Dean for Academic Programs and Associate Professor of Marketing, Dr. Iftekhar Hasan, Cary L. Wellington Professor of Finance, and Dr. T. Ravichandran, Associate Professor of Information Systems and Operations Management.

The new program reflects the growing trend toward accelerated and specialized master’s programs in management education. The demand for intensive, shorter MBA programs, already growing, has only increased during the current economic downturn. According to a recent Wall Street Journal survey of accelerated MBA programs, the primary factor for students in choosing these programs is the ability to enter the work force faster. The Journal reports that only about 90 accredited schools worldwide offer accelerated MBA formats, with many of them only recently adding the option. The majority of current programs are outside the U.S., and international focus is a large draw for many students.

Lally’s introduction of the new program culminates a year of introducing new, focused Master’s programs. Building on its new, interdisciplinary MS programs in Technology Commercialization and Entrepreneurship (TC&E) and Financial Engineering and Risk Analytics (FERA) launched within the last year, Lally’s new intensive MBA program not only offers students an accelerated way to boost their careers, but also reflects the globalization of technology management and the global demand for MBA degrees.

The new program enables students to complete an MBA degree in as little as one year by streamlining elective requirements and offering coursework through the summer and semester intercession periods. All MBA Students take 10 required CORE Courses, a choice of 2 “Flex Core” courses, and 5 electives for a total of 51 credits. The new “Flex-Core” option allows students to explore a number of topics in-depth, and electives permit students to focus their training in one of five concentrations: Technological Entrepreneurship, Finance, Information Systems-Operations Management, Marketing-New Product Development, and Global Enterprise Management. Another new feature to the program is the Community Service Practicum course, where MBA students work in teams with faculty advisors to help local small organizations and promote regional economic development.

The accelerated program will continue to teach Lally’s signature integrated MBA curriculum, which emphasizes the connections between functional business areas, preparing students for real world situations where they will work on teams across business functions such as finance, operations, research & development and marketing.

MBA students can choose from four different program options, ranging from 12 to 24 months, and a wide variety of curricular options to build a customized degree program. For those looking for accelerated training, with a minimum disruption of their career path and maximum value, the 12 month option is the most intensive and shortest degree program. For students who want to gain more work experience or to change careers, internship and specialization modules can be added to create an MBA tailored for each student’s needs and career goals. Customized programs can be completed within 17 to 24 months.

The Lally Innovation Competition

As the business school of Rensselaer Polytechnic Institute, the Lally School is particularly interested in ideas that demonstrate innovative commercial enterprises that “apply science to the common purposes of man.” The Lally Innovation Competition was started in 2009 in order to attract the most creative and entrepreneurial minds to the MBA program. As part of Lally’s ongoing commitment to support budding entrepreneurs and nurture the spirit of game-changing innovation, all Lally MBA applicants are invited to submit proposals to the competition, which awards tuition scholarships with a value of up to $60,000 to the full-time MBA program. The Competition is one of the school’s many initiatives that support entrepreneurial ideas for Societal Benefit and Economic Development.  
Entries will be accepted online, and competitors may also review the entry requirements at: Lally School



About the Lally School of Management & Technology
The Lally School of Management & Technology was founded in 1963 as an integral part of Rensselaer Polytechnic Institute, America’s oldest technological university. Building on Rensselaer's world-class facilities and leadership in science and engineering, Lally is dedicated to advancing business through innovation. Lally offers graduate, doctoral and undergraduate degree programs in management, and an executive MBA program. Lally’s programs focus on the strategic management of technology and creating value through innovation and entrepreneurship. Located in New York’s Tech Valley, Lally offers a growing portfolio of collaborative programs with enterprises and academic institutions in the Indian sub-continent, China, Europe, and the Middle East. 

About Rensselaer Polytechnic Institute
Rensselaer Polytechnic Institute, founded in 1824, is the nation’s oldest technological university. The university offers bachelors, masters, and doctoral degrees in engineering, the sciences, information technology, architecture, management, and the humanities and social sciences. Institute programs serve undergraduates, graduate students, and working professionals around the world. Rensselaer faculty are known for pre-eminence in research conducted in a wide range of fields, with particular emphasis in biotechnology, nanotechnology, information technology, and the media arts and technology. The Institute is well known for its success in the transfer of technology from the laboratory to the marketplace so that new discoveries and inventions benefit human life, protect the environment, and strengthen economic development.