Fisdap: The Nursing Opportunity

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Fisdap: The Nursing Opportunity

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Publication Date:
February 09, 2015

Industry:
Educational Institutions

Source:
North American Case Research Association (NACRA)

In January 2013, Mike Johnson, CEO of Headwaters Software, was weighing the opportunity to diversify into a new but related market. Despite being a small company, Fisdap, as everyone called it, was the leading provider of software solutions and content to students and educators in the field of emergency medical services (EMS). Since its inception, Fisdap had played a key role in facilitating new ways to track and manage clinical internships of EMS students. Now, it appeared that educational programs for other healthcare occupations were likely to adopt methods similar to those now used in EMS. Johnson had recently returned from a visit to a community college using Fisdap’s EMS software, which had requested Fisdap to consider developing solutions for their nursing program as well. Nursing education was a large market, offering substantial growth potential for Fisdap. However, entering the market involved a number of risks, and meant that the company would move away from its existing strategy and direction. Johnson was concerned about whether the company could manage growth while maintaining its company culture and conservative approach to financing. Furthermore, the size of the nursing education market might entice larger competitors than Fisdap had encountered to date. Johnson felt that the nursing education software tools market might develop rapidly, so if he was going to enter, he had better do it now.

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Fisdap: The Nursing Opportunity

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