The Lally School of Management was founded in 1963 as part of Rensselaer Polytechnic Institute. Its current mission statement is "To bridge management and technology to create sophisticated global business leaders who are prepared to guide their organizations in the conversion of pioneering ideas and analytical insights into innovative products, processes, and businesses." The school is housed in the historic Pittsburgh Building on 110 8th Street on RPI's campus in Troy, New York. 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. The Lallys wanted the school to be known throughout the world as the "best of the breed". Lally, an 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." Administration Acting Dean: Chanaka Edirisinghe Acting Associate Dean: Shyam Kumar Ph.D. Program Director: T. Ravichandran Director of MBA and M.S. Programs: Dorit Nevo Interim Undergraduate Program Director: Clint Ballinger Academics The Lally school offers the following programs: Full-time Residential Executive MBA Ph.D. Program Undergraduate Management Degree Graduate Management Degrees Specialized Corporate 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