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The class was asked to devise a business idea and write a business plan.
"The challenge is to devise a business plan that offers the realistic prospect of viability inside the next couple of years," Mr Syfret said.
But they say it will take at least two years for companies to devise a business plan for it that makes financial sense.
In 2008 the head of the company's international arm asked Monson to devise a business model that would increase its presence in India.
The governor said it would "keep Maryland's historic Preakness Stakes where it belongs". The legislature last month extended the subsidy for two more years while telling the industry it had to devise a business plan to become self-sufficient.
Then you need to devise a business proposal.
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IndyMac is working with regulators to devise a new business plan, but the company has few options, analysts said.
A student team was them assembled to devise a sustainable business plan for the project under the guidance of Paik, Dr. Ana Guerreiro (UFRN) and Silva.
This prompted the Kindle team to devise a new business model, striking deals with mobile-phone operators to allow Kindle users to download e-books without having to pay network fees.
The Communication Workers of America, which represents customer service agents, said yesterday that while it would participate in discussions to devise a new business plan, it did not intend to grant further cuts in wages and benefits.
At a time of diminished state funding for higher education and uncertain federal dollars, Mr. Gee says that public colleges and universities need to devise a new business model to pay for the costs of education, beyond sticking students with higher tuition and greater debt.
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