MIS is an organized integration of hardware and software technologies, data, processes, and human elements. It is a software system that focuses on the management of information technology to provide efficient and effective strategic decision making. Show
What is MIS? MIS is the acronym for Management Information Systems. MIS is a set of procedures which, when executed, provides information to support decision making.  A Management Information System is
The system utilizes
Table of Contents
MIS DefinitionManagement Information System (MIS) is an integrated man/machine system for providing information to hold up the operations, management and decision making functions in an organization. G.B. Davis A formal method of collecting timely information in a presentable form in order to facilitate effective decision making and implementation, in order to carry out organisational operations for the purpose of achieving the organisational goals.Walter I. Kennevan A Management Information System is an organized portfolio of formal systems for obtaining, processing, and delivering information in support of the business operations and management of an organization.Zwass (1992) MIS MeaningMIS Meaning: A management information system is an acronym of three words, viz., Management, information, system. In order to fully understand the term MIS, let us try to understand these three words.
Components of MISThe major components of MIS are:
As, We have covered the basic concept of management information system which includes what is MIS, MIS definition, MIS meaning, MIS components. Now, let us move further and try to understand MIS objectives, MIS characteristics, MIS advantages, MIS role, MIS challenges, MIS limitations etc. Objectives of MISWhat is MIS objective: MIS has five major objectives which include:
These MIS objective are discussed below in detail. Data CapturingMIS capture data from various internal and external sources of the organization. Data capturing may be manual or through computer terminals. Processing of DataThe captured data is processed to convert into the required information. Processing of data is done by such activities as calculating, sorting, classifying, and summarizing. Storage of InformationMIS stores the processed or unprocessed data for future use. If any information is not immediately required, it is saved as an organization record, for later use. Retrieval of InformationMIS retrieves information from its stores as and when required by various users. Dissemination of InformationInformation, which is a finished product of MIS, is disseminated to the users in the organization. It is periodic or online through a computer terminal. Characteristics of MISWhat is MIS Characteristic? MIS plays a very important role in every aspect of an organization. These characteristics are generic in nature. Following are the characteristics of MIS:
System ApproachThe information system follows a System’s approach. The system’s approach implies a holistic approach to the study of system and its performance in the light for the objective for which it has been constituted. Management OrientedThe top-down approach must be followed while designing the MIS. The top-down approach suggests that the system development starts from the determination of management needs and overall business objectives. The MIS development plan should be derived from the overall business plan. Management oriented characteristic of MIS also implies that the management actively directs the system development efforts. Need-BasedMIS design and development should be as per the information needs of managers at different levels, strategic planning level, management control level and operational control level. In other words, MIS should cater to the specific needs of managers in an organization’s hierarchy. Exception BasedMIS should be developed on the exception-based reporting principle, which means an abnormal situation, i.e. the maximum; minimum or expected values vary beyond tolerance limits. In such situations, there should BE exception reporting to the decision-maker at the required level. Future OrientedBesides exception-based reporting, MIS should also look at the future. In other words, MIS should not merely provide past or historical information; rather it should provide information, on the basis of projections based on which actions may be initiated. IntegratedIntegration is a necessary characteristic of a management information system. Integration is significant because of its ability to produce more meaningful information. For example, in order to develop an effective production scheduling system, it is necessary to balance such factors as setup costs, Workforce, Overtime rates, Production capacity, Inventory level, Capital requirements and Customer services. Long Term PlanningMIS is developed over relatively long periods. Such a system does not develop overnight. A heavy element of planning is involved. The MIS designer must have the future objectives and needs of the company in mind. Sub-System ConceptThe process of MIS development is quite complex and one is likely to lose insight frequently. Thus, the system, though viewed as a single entity, must be broken down into digestible sub-systems which are more meaningful at the planning stage. Central DatabaseA central database is a mortar that holds the functional systems together. Each system requires access to the master file of data covering inventory, personnel, vendors, customers, etc. It seems logical to gather data once, validate it properly and place it on a central storage medium, which can be accessed by any other subsystem. Advantage of MISA good management information system can be used not only for the storage of electronic data alone but must be able to support the analysis required by management. There are many advantages of MIS which are utilised by manager to achieve organization goal. The following are some of the benefits of a good MIS.
Role of MISA management information system (MIS) plays an important role in business organizations. What is MIS role: There are many roles of MIS and some of the important MIS role are discussed below:
Decision makingManagement Information System (MIS) plays a significant role in the decision-making process of any organization. In any organization, a decision is made on the basis of relevant information which can be retrieved from the MIS. Coordination among the departmentManagement Information System satisfy multiple need of an organization across the different functional department. Finding out ProblemsAs we know that MIS provides relevant information about every aspect of activities. Hence, if any mistake is made by the management then MIS, information will help in finding out the solution to that problem. Comparison of Business PerformanceMIS store all past data and information in its Database. That why the management information system is very useful to compare business organization performance. Strategies for an OrganizationToday each business is running in a competitive market. An MIS supports the organization to evolve appropriate strategies for the business to assent in a competitive environment. Challenges of MISWhat is MIS Challenges: There are three major challenges of MIS: high cost, training of employees and maintenance cost. These are briefly discussed below:
High CostDevelopment of new computerized based information system is a problem for the organization due to the cost factor and it creates problems because with the change of time there is need of up-to-date of the information system. Training of EmployeeEmployees should have the capacity of learning of the information system with the changing competitive and business environment; otherwise it will be difficult for the organization to stay in the market. Maintenance CostSometimes a problem arises due to server crash and website crash. Sometimes it leads to the loss of information. So, maintenance cost is needed to tackle the above problem. Limitations of MISEven though MIS has many benefits but it also has its limitations. Limitations of MIS are discussed below:
Requirements of Management Information SystemFollowing are the requirements of a management information system:
Read Complete: Requirements of Management Information System SummaryManagement Information Systems (MIS), referred to as Information Management and Systems, is the discipline covering the application of people, technologies, and procedures collectively called information systems, to solving business problems. Got to Topic: 1. What is MIS? 2. MIS Definition 3. MIS Meaning 4. MIS Components 5. MIS Objectives 6. MIS Characteristics 7. MIS Advantage 8. MIS Role 9. MIS Challenges 10. MIS Limitations 11. Requirements of Management Information System Reference
FAQMIS Definition Management Information System (MIS) is an integrated man/machine system for providing information to hold up the operations, management and decision making functions in an organization. – G.B. Davis Role of MIS There are many roles of MIS and some of the important MIS role are: Decision making Go On, Share article with Friends Did we miss something in Management Information System Tutorial? Come on! Tell us what you think about our article on What is MIS? Meaning, Definition, Objectives, Role [2020] in the comments section. Which of the following is not part of the marketing information system?Monitoring system is not an element of Mkt. Info. Sys. A production monitoring system may form part of a broader management information system, and this may have relevance to marketing (e.g. in respect of future ability to fulfil orders).
Which of the following is not a characteristic of a management decision problem?exam 1. Which of these is not a stage of the marketing research process quizlet?All of the following are steps in the marketing research process EXCEPT: Define the problem and research objectives, develop the research plan, collect the information, compare data to government sources, present the findings.
What is the function of a marketing information system MIS )? Quizlet?A marketing information system (MIS) consists of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision makers.
|
Which of the following is not a characteristic of a marketing information system?
zusammenhängende Posts
Urheberrechte © © 2024 toptenid.com Inc.
