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Entrepreneurship Professorship established in memory of Melvin Lachman

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(Dec. 10, 2012) -- A $500,000 distinguished professorship has been established in entrepreneurship in the UTSA College of Business in memory of Melvin Lachman, a San Antonio businessman and entrepreneur. Lachman, who passed away in 2005, was known not only as a successful businessman, but also as someone who helped others build businesses as well.

"Melvin was a character," said Judy Lachman, his widow. "After the war, he didn't know what he wanted to do, but he wanted to be successful. He never knew a stranger. People would gravitate to him."

A San Antonio native, Lachman was a graduate of Jefferson High School and the University of Texas at Austin. He served in the Army during World War II, and when he returned he began his career as an entrepreneur. He initially invested $3,000 and went into business selling pots and pans. Then, he shifted gears and became one of the largest toy distributors in the Southwest. Selling that business in the 1970s, he entered into a new partnership with San Antonio real estate entrepreneur Quincy Lee.

"The magic to Melvin was that he was totally unorthodox," said Steven Lee, son of Quincy Lee. "When my father first introduced me to Melvin, he was wearing red, yellow and green checkered slacks and an Oak Hills golf cap. Melvin was a natural born salesperson. He taught me all that I know about selling."

"Business is not technical it is personable," said Zach Lee, grandson of Quincy Lee.  "The value he added through relationships was something that could not be tracked in a spreadsheet."

Currently more than 100 UTSA students own their own businesses. The department's mission is to plant the seeds of entrepreneurship into the students and provide them with the education, experiences and exposure they need to be successful. The department offers a bachelor's degree in entrepreneurship; MBA concentrations in management of technology and project management; a master's certificate in technology entrepreneurship; and a master's of science degree in the management of technology.

 

 

Did You Know?

UTSA makes the grade with a strong core curriculum

UTSA prides itself on giving students a well-rounded education. Combining a top-tier academic program with opportunities for personal growth prepares students to compete in a global economy. And that's not all. They learn to be informed and engaged citizens as well. At the heart of that academic program is an award-winning core curriculum.

For four consecutive years, UTSA has received an A-rating from the American Council of Trustees and Alumni for the caliber of its core curriculum. According to ACTA, UTSA requires its students to take six of the seven courses deemed "crucial" to a well-rounded education: composition, literature, U.S. government or history, economics, mathematics and science. Only a handful of other institutions in the U.S. are giving students these tools, which are needed to succeed in careers and the community.

Did you know? UTSA is one of only three Texas institutions and 23 in the United States to receive the highest rating for its core curriculum in the 2014-2015 edition of the ACTA's "What Will They Learn?" report.

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