RECONNECT: Lally School Newsletter

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2013-2014 Edition

Text of RECONNECT: Lally School Newsletter




  • Were Growing Our Portfolio

    The Rensselaer Lally School ofManagement turns 50 years old this year! The landscape of businesseducation is rapidlychanging and weare changing with it, including the shortening of our schoolname this fall. We have positioned our MBAprogram to emphasize innovation andtechnology management to complementour presence in one of the top technologicaluniversities in the world. We have addedtwo new masters programs, an M.S. inBusiness Analytics and an M.S. in SupplyChain Management, to complement thequantitative strengths of the Institute.

    We continue to prepare our undergraduatestudents for the marketplace of the future,now offering a choice of eight academicconcentrations. Lally graduates aresuccessful, well-regarded by employers, andworking all over the world. Our recent B.S.graduates, for example, earn a $60,000mean starting salary, which is $10,000 morethan the national average.

    To keep this momentum going, yourinvolvement and support as an alum orfriend of the Lally School is essential. Wecannot succeed without it. We greatlyappreciate the help many of you alreadyhave provided and hope to encourage manymore of you to get involved. With your helpand our hard work, we can achieve another50 years of superlative business education!

    Best wishes, Tom Begley,

    Lally is 50 Years Strong!

    Our new M.S. in Business Analytics and M.S. in Supply ChainManagement have launched! Our Business Analytics degree is positionedto serve students to work with big data. This program providesstudents with the knowledge and essential skills needed to respond tothe new challenges characteristic of the data intensive decision-makingenvironments in the world today. The first intake of this one-year,30-credit graduate degree program started in Fall 2013. Academicpartnerships with companies such as IBM and SAS will allow students to access a suite of software tools, training, and data sets.

    Business Analytics Program LaunchTo help usher in this newprogram, the Lally School helda business analytics paneldiscussion in April 2013,Industry TransformationThrough Big Data and BusinessAnalytics. Moderated by Lallyprofessor and associate deanfor research, T. Ravichandran,leading experts in the industrygave their insight on thecurrent state of this field. Panelists included: Brenda Dietrich, an IBMfellow and vice president; William Kelly, MBA, MPH, president of TreoSolutions; Inder Thukral, CEO of Boston Analytics; and Greg Moran,president and CEO of

    Supply Chain Management Keynote EventThe Master of Science in Supply ChainManagement (SCM), a one year, 30-creditgraduate degree program, prepares students tocoordinate the flow of goods, structurerelationships with suppliers, position resources,deal with logistics, and fulfill demand mosteffectively. The Lally School had a kickoff eventfor the new graduate program (as well as a firstmeeting of its SCM Advisory Board) onSeptember 26. The featured keynote speaker

    was Rensselaer alumna, Meredith Stevens 85, chief supply chain officerat Newell Rubbermaid.

    New Undergraduate ConcentrationsLally also added four new undergraduate concentration options for ourBachelor of Science in Business and Management program: Accounting,Business Analytics, International Management, and Supply ChainManagement. This will enhance our current concentration offeringswhich include: Entrepreneurship, Finance, Management InformationSystems, and Marketing.


  • Center for Financial Studies Kickoff in NYC

    The Center for Financial Studies (CFS) in the Rensselaer Lally School had a public launch event in New York City this spring. The featured speakerwas Dr. Emanuel Derman, author, quantitative finance expert, andprofessor of practice at Columbia University. CFS strives to fosterhigh-quality research and learning in the fields of financial engineering,risk management, corporate finance, financial intermediation, and capitalmarkets. The co-directors of the Center are Aparna Gupta, associateprofessor, and John Teall, professor of practice at Lally.

    Highlighting the Future of Finance

    Photo credit: 2012 The Business Review Photo by Donna Abbott Vlahos

    Rensselaer Lally School graduate student Steven Porzio 12, M.S FERA,received The Business Reviews 2012 Future Financial Executive award.Each year, the publications CFO of the Year program includes thisprestigious honor, which is awarded to a college student, graduate orundergraduate, in the Capital Region with a strong interest and potentialfor a career in finance.

    GMSA Says, Cheers!

    The Rensselaer Lally School Graduate Management Student Association(GMSA) hosted, Cheers with Alumni, at Revolution Hall at BrownsBrewing Co. in Troy. The annual wine tasting event provides Lallygraduate students the opportunity to network with alumni/ae andmembers of the local business community. Support was provided byCDPHP, the events title sponsor, and supporting sponsors, TS TreoSolutions and TIMIT Solutions.

    Innovation in the Nations Capital

    Thirteen Lally School MBA students visited Washington, D.C. this springwith professor of practice, Tom Triscari, as part of the class, Managing onthe Edge. They gained insight into the communication channels thathelp to foster innovation, entrepreneurship, economic development, andinternational relations. The students met with public and political officialsto discuss strategies to promote the continued economic growth ofRensselaer County and the regions Tech Valley.

    Visiting Executive Series Seminar

    Dr. Julie Shimer 74 presented, Managing Your Career, at the Jerome S.Reinert '56 Visiting Executive Series seminar held at the Heffner AlumniHouse in Fall 2012. Shimer is the retiring CEO of Welch Allyn, a95-year-old medical devices company in Skaneateles Falls, N.Y., and thefirst woman to hold that post in the companys history. Shimer explainedthat innovation can be driven by identifying problems that providebusiness opportunities to help customers.


    Lally in Action

  • An Affinity for Startups

    Harry Ruda 68,69 president and CEO of Wing Power Energy and ahigh-tech, serial entrepreneur received the 2012 William F. Glaser 53Rensselaer Entrepreneur of the Year Award. Ruda has founded and/orserved as chief executive officer of six high-tech startups, raising morethan $100 million in investments from venture capital, angel networks,and corporate strategic investors. His keynote, Addicted to Startups,highlighted the qualities and personality traits an entrepreneur needs to succeed.

    Perspective from the Field

    It All Starts With a Plan

    The Lally School hosted its second annual business plan competition forhigh school students in May 2013. Sixty-eight students representing 25teams had an opportunity to pitch their ideas. A panel of managementscholars and area business leaders determined the top three winningteams of the $5,000 in cash prizes as well as other specialty awards.Participation more than tripled at this years event from last year, withstudent teams from New York, Maryland, New Jersey, Tennessee, andeven two teams from China.


    360 Degrees of Entrepreneurship

    The 2012-13 Entrepreneurs' Breakfast Series,a Rensselaer-community collaborative issponsored by the Severino Center forTechnological Entrepreneurship. The Spring 2013 featured speakers included:

    From Scientist to CEORutvik Mehta 11, Ph.D.,co-founder and CEO, Thermoaura

    Companies as Investors: The Worldof Corporate Venture CapitalJohn Freer '99, '06, MBA, manager,External Technology Initiatives, GE Global Research

    The Good Life? Entrepreneurship as a Career ChoiceAnthony Pfister, CEO,

    The First Five Years in StartupCountry: Celebrating EcovativeDesign's Fifth AnniversaryEben Bayer '07, co-founder and CEO,Ecovative Design

    Marketing for Startups: Panel DiscussionSusan Bardack, co-founder/CEO,Buzz Media SolutionsDave Borland, principal,CMO, Burst MarketingPeter Dean, president, Rendertribe


    Looking for SIG or theEntrepreneurs Breakfast Group?

    Weve changed the format to StartUp Tech Valley, an after work hours community event withspeakers and panels, sponsored by local businesses.

    Find out more

    Passing the Torch

    At the annual Rensselaer Business PlanCompetition, Rensselaer undergraduate andgraduate student teams compete for cash andin-kind prizes valued at more than $15,000. In2013, the Severino Center for TechnologicalEntrepreneurship located at Lally and theAlbany-based Entrepreneurs Organization (EO)collaborated to connect Rensselaer studentswith local, highly successful entrepreneurs inpreparation for this competition.

    The first place undergraduate team wasJAGO, with a customizable trip planning site.Team members (pictured from left to right)included David Liu 13 MGMT, Kevin Petrikas13 MGMT, and Grant Rosener 13 MGMT.

    The first place graduate team was VITAL VIO,with smart lighting fixtures with disinfectionproperties. The team includes Rensselaeralumni James Peterson 12 ME (pictured)and Colleen Costello 12 BME. In August2013, Vital Vio secured a joint investmentfrom two funding sources for $450,000.

    Also, pictured below are (far left) RemyArtega 06, the 2012-13 Severino CenterEntrepreneur-in-Residence, and (far right)Gina OConnor, associate dean andprofessor at Lally.

    Video Game Entrepreneurs Recognized

    Karthik Bala 97 and brother Guha Bala, co-founders of VicariousVisions, were named the 2013 William F. Glaser 53 Renss