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Lally is 50 Years Strong!

The Rensselaer Lally School of Management turns 50 years old this year! The landscape of business education is rapidly changing and we are changing with it, including the shortening of our school name this fall. We have positioned our MBA program to emphasize innovation and technology management to complement our presence in one of the top technological universities in the world. We have added two new master’s programs, an M.S. in Business Analytics and an M.S. in Supply Chain Management, to complement the quantitative strengths of the Institute. We continue to prepare our undergraduate students for the marketplace of the future, now offering a choice of eight academic concentrations. Lally graduates are successful, well-regarded by employers, and working all over the world. Our recent B.S. graduates, for example, earn a $60,000 mean starting salary, which is $10,000 more than the national average. To keep this momentum going, your involvement and support as an alum or friend of the Lally School is essential. We cannot succeed without it. We greatly appreciate the help many of you already have provided and hope to encourage many more of you to get involved. With your help and our hard work, we can achieve another 50 years of superlative business education! Best wishes, Tom Begley, Dean 2

We’re Growing Our Portfolio Our new M.S. in Business Analytics and M.S. in Supply Chain Management have launched! Our Business Analytics degree is positioned to serve students to work with “big data.” This program provides students with the knowledge and essential skills needed to respond to the new challenges characteristic of the data intensive decision-making environments in the world today. The first intake of this one-year, 30-credit graduate degree program started in Fall 2013. Academic partnerships with companies such as IBM and SAS will allow students to access a suite of software tools, training, and data sets.

Business Analytics Program Launch To help usher in this new program, the Lally School held a business analytics panel discussion in April 2013, “Industry Transformation Through Big Data and Business Analytics.” Moderated by Lally professor and associate dean for research, T. Ravichandran, leading experts in the industry gave their insight on the current state of this field. Panelists included: Brenda Dietrich, an IBM fellow and vice president; William Kelly, MBA, MPH, president of Treo Solutions; Inder Thukral, CEO of Boston Analytics; and Greg Moran, president and CEO of

Supply Chain Management Keynote Event The Master of Science in Supply Chain Management (SCM), a one year, 30-credit graduate degree program, prepares students to coordinate the flow of goods, structure relationships with suppliers, position resources, deal with logistics, and fulfill demand most effectively. The Lally School had a kickoff event for the new graduate program (as well as a first meeting of its SCM Advisory Board) on September 26. The featured keynote speaker was Rensselaer alumna, Meredith Stevens ’85, chief supply chain officer at Newell Rubbermaid.

New Undergraduate Concentrations Lally also added four new undergraduate concentration options for our Bachelor of Science in Business and Management program: Accounting, Business Analytics, International Management, and Supply Chain Management. This will enhance our current concentration offerings which include: Entrepreneurship, Finance, Management Information Systems, and Marketing. LALLY SCHOOL OF MANAGEMENT: RECONNECT

Lally in Action 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 speaker was Dr. Emanuel Derman, author, quantitative finance expert, and professor of practice at Columbia University. CFS strives to foster high-quality research and learning in the fields of financial engineering, risk management, corporate finance, financial intermediation, and capital markets. The co-directors of the Center are Aparna Gupta, associate professor, 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 Review’s 2012 Future Financial Executive award. Each year, the publication’s CFO of the Year program includes this prestigious honor, which is awarded to a college student, graduate or undergraduate, in the Capital Region with a strong interest and potential for a career in finance.

GMSA Says, “Cheers!” The Rensselaer Lally School Graduate Management Student Association (GMSA) hosted, “Cheers with Alumni,” at Revolution Hall at Brown’s Brewing Co. in Troy. The annual wine tasting event provides Lally graduate students the opportunity to network with alumni/ae and members of the local business community. Support was provided by CDPHP, the event’s title sponsor, and supporting sponsors, TS Treo Solutions and TIMIT Solutions.

Innovation in the Nation’s Capital Thirteen Lally School MBA students visited Washington, D.C. this spring with professor of practice, Tom Triscari, as part of the class, Managing on the Edge. They gained insight into the communication channels that help to foster innovation, entrepreneurship, economic development, and international relations. The students met with public and political officials to discuss strategies to promote the continued economic growth of Rensselaer County and the region’s 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 Alumni House in Fall 2012. Shimer is the retiring CEO of Welch Allyn, a 95-year-old medical devices company in Skaneateles Falls, N.Y., and the first woman to hold that post in the company’s history. Shimer explained that innovation can be driven by identifying problems that provide business opportunities to help customers.



Perspective from the Field The 2012-13 Entrepreneurs' Breakfast Series, a Rensselaer-community collaborative is sponsored by the Severino Center for Technological Entrepreneurship. The Spring 2013 featured speakers included:

360 Degrees of Entrepreneurship It All Starts With a Plan

From Scientist to CEO Rutvik Mehta ‘11, Ph.D., co-founder and CEO, Thermoaura Companies as Investors: The World of Corporate Venture Capital John Freer '99, '06, MBA, manager, External Technology Initiatives, GE Global Research The Good Life? Entrepreneurship as a Career Choice Anthony Pfister, CEO, The First Five Years in Startup Country: Celebrating Ecovative Design's Fifth Anniversary Eben Bayer '07, co-founder and CEO, Ecovative Design Marketing for Startups: Panel Discussion Susan Bardack, co-founder/CEO, Buzz Media Solutions Dave Borland, principal, CMO, Burst Marketing Peter Dean, president, Rendertribe

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

An Affinity for Startups

Harry Ruda ’68,’69— president and CEO of Wing Power Energy and a high-tech, serial entrepreneur— received the 2012 William F. Glaser ’53 Rensselaer Entrepreneur of the Year Award. Ruda has founded and/or served as chief executive officer of six high-tech startups, raising more than $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. 4


Video Game Entrepreneurs Recognized

Passing the Torch

Karthik Bala ’97 and brother Guha Bala, co-founders of Vicarious Visions, were named the 2013 William F. Glaser ’53 Rensselaer Entrepreneurs of the Year. Vicarious Visions is a creator of hit video games with its studio based in Menands, New York. To date, the company has sold more than 45 million games worldwide. They have shaped popular culture with hit video game titles including versions of: Skylanders, Guitar Hero, Crash Bandicoot, Tony Hawk, Spider-Man, and Marvel Ultimate Alliance for various platforms. An event in their honor was held October 9.

At the annual Rensselaer Business Plan Competition, Rensselaer undergraduate and graduate student teams compete for cash and in-kind prizes valued at more than $15,000. In 2013, the Severino Center for Technological Entrepreneurship located at Lally and the Albany-based Entrepreneurs’ Organization (EO) collaborated to connect Rensselaer students with local, highly successful entrepreneurs in preparation for this competition. The first place undergraduate team was JAGO, with a customizable trip planning site. Team members (pictured from left to right) included David Liu ’13 MGMT, Kevin Petrikas ’13 MGMT, and Grant Rosener ’13 MGMT. The first place graduate team was VITAL VIO, with smart lighting fixtures with disinfection properties. The team includes Rensselaer alumni James Peterson ’12 ME (pictured) and Colleen Costello ’12 BME. In August 2013, Vital Vio secured a joint investment from two funding sources for $450,000. Also, pictured below are (far left) Remy Artega ‘06, the 2012-13 Severino Center Entrepreneur-in-Residence, and (far right) Gina O’Connor, associate dean and professor at Lally.

Looking for SIG or the Entrepreneurs’ Breakfast Group? We’ve changed the format to StartUp Tech Valley, an after work hours community event with speakers and panels, sponsored by local businesses. Find out more



Lally School Team Changes NEW STAFF


Michael T. Breslin, assistant director of MBA and M.S. Career Resources

Jason Kuruzovich, academic director of the Severino Center for Technological Entrepreneurship

Erika Falle, administrative specialist

Peggy McDermott, director of the undergraduate programs

Sean Kelley, assistant director of the MBA/M.S. Admissions office Jill Quinones, director of Business and Administrative Operations Gina O’Connor, associate dean for academic affairs

Julie Tracy, senior communications specialist Christine Zinzow, senior student services administrator

T. (Ravi) Ravichandran, associate dean for research and the Irene and Robert Bozzone ’55 Distinguished Chair

NEW FACULTY Yingda Lu, assistant professor Tom Triscari, academic director of the MBA program

Dorit Nevo, associate professor 6


The Written Word A sample of some of the books and research papers published by Lally professors: The Evolution of Securities and Markets John Teall, professor of practice, authored the book, Financial Trading and Investing, which presents concepts, tools, and market details that traders need to succeed in today’s increasingly competitive, international, and technologically-oriented markets. Teall teaches degree candidates in the M.S. in Financial Engineering and Risk Analytics program at Lally and is co-director of the Center for Financial Studies.

Using Data More Efficiently with SQL Microsoft Access SQL Comprehensive (AlphaPress), was authored by Pindaro Demertzoglou, lecturer and senior systems administrator at Lally. The book features many case studies from real life projects and exercises and is applicable to the student or professional learning Microsoft Access SQL.


Female CFOs Get Better Loan Terms Qiang Wu, assistant professor of accounting; Bill Francis, professor of finance; and former Lally professor, Iftekhar Hasan, published an article in the Journal of Accounting, Auditing, and Finance, “The Impact of CFO Gender on Bank Loan Contracting,” that found female chief financial officers (CFOs) received bank loans at lower loan prices and with more favorable contract terms than did their male counterparts.

Debt Hurts Company Expansion Associate professor of strategic management, Jon O’Brien, one of several authors of a large study of Japanese firms, found that debt was problematic for companies attempting to expand into new markets, especially research and development intensive companies, though it was not harmful for companies sticking to existing markets. The article, “How Capital Structure Influences Diversification Performance: A Transaction Cost Perspective,” was published in Strategic Management Journal.


Thank you!

We are grateful for the generous donation by Rensselaer Lally School alumnus, Mr. Peter Bakal ’83, to make the printing and distribution of this newsletter possible.

Ways to Get Involved at Lally! Recruit our students Be a guest speaker Mentor Lally students Attend a Lally School event Connect your company with Lally Offer internships and co-ops Get Social - Join us on Facebook, Twitter, and LinkedIn Refer prospective students to Lally

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