Mis as a tool in business
- 1. MIS as a tool inMIS as a tool in businessbusiness
- 2. MISMIS Management information system, or MIS, refers to a computer-based system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization.
- 4. Information systems in BusinessInformation systems in Business
- 5. •MIS is a discipline and a profession that brings information and communication technologies to businesses and society. •By applying information and communications technologies and systems, MIS solves real business problems and gives competitive advantage to firms.
- 7. Function of MIS in businessFunction of MIS in business Data Capturing: MIS captures data from various internal and external sources of an organization Processing of data: The captured data is processed to convert it into the required management information. Storage of information: MIS stores processed or unprocessed data for future use. Retrieval of information: MIS retrieves information from its stores as and when required by various users.. Dissemination of MI: Management information, which is a finished product of MIS, is disseminated to the users in the organization..
- 8. Need of MIS in organizationNeed of MIS in organization Support the Business Process : Treats inputs as a request from the customer and outputs as services to customer. Support Operation of a Business Organization : gives timely information, maintenance and enhancement of business operations. To Support Decision Making : MIS also supports managers in decision making to meet the goals and objectives of the organization. Strategies for an Organization : MIS supports the organization to evolve appropriate strategies for the business to stay in a competitive environment
- 9. MIS and the UserMIS and the User Every person in the organization is a user of the MIS. The people in the organization operate at all levels in the hierarchy. The following are the list of MIS users in any organization. Clerk Assistant Officer Executive or a Managers.
- 11. MIS as a Tool for ManagementMIS as a Tool for Management Data and Information Feedback Budgeting and reporting Business information
- 12. MIS Professionals in businessMIS Professionals in business Analyze, design, implement and administer Information Technology (IT) Deliver IT to businesses Apply IT to business goals Understand IT capabilities to provide value- added business solutions Communicate with customers and managers to understand their IT needs Over 90% of MIS professionals work outside of IT Industries
Editor's Notes
- #3: In order to provide past, present and prediction information, a management information system can includesoftware that helps in decision making, data resources such asdatabases, the hardware resources of a system, decision support systems, people management and project managementapplications, and any computerized processes that enable the department to run efficiently. The role of the management information system (MIS) manager is to focus on the organization's information and technology systems. The MIS manager typically analyzes business problems and then designs and maintains computer applications to solve the organization's problems.
- #5: EIS use internal data from MIS and TPS and external data to support top level managers. Enterprise resource planning. It is a type of management information system that facilitates and supports senior executive information and decision-making needs. It provides easy access to internal and external information relevant to organizational goals DSS use data from TPS and set a tool to support senior managers. It is a computer-based information system that supports business or organizational decision-making activities MIS also use data from tps TPS record day to day transcation to support middle managers. It is a style of computing that divides work into individual, indivisible operations, called transactions. It is a software system, or software/hardware combination, that supports transaction processing.
- #9: To facilitate the management decision making at all levels of company, the MIS must be integrated. MIS units are company wide. MIS is available for the Top management. The top management of company should play an active role in designing, modifying and maintenance of the total organization wide management information system. Information system and Information technology have become a vital component of any successful business and are regarded as major functional areas just like any other functional area of a business organization like marketing, finance, production and HR. Thus it is important to understand the area of information system just like any other functional area in the business. MIS is important because all businesses have a need for information about the tasks which are to be performed. Information and technology is used as a tool for solving problems and providing opportunities for increasing productivity and quality.
- #11: The main task of a clerk is to search the data, make a statement and submit it to the higher level. A clerk can use the MIS for a quick search and reporting the same tohigher level. An assistant has the task of collecting and organizing the data, and conducting a rudimentary analysis of integrating the data from different and disciplines to analyze it and make a critical comment if anything adverse is found. At the level of an officer and an executive, the MIS does the job the of datamanipulation and integration. It analyses the data in a predetermined manner. Thismeans that the knowledge of business is transferred from an individual to the MISand is made available to all in the organization. The manager has a position of responsibility and accountability for the businessresults. His management role expands beyond his management function. He is astrategist and a long-term planner. He is a person with a foresight, an analyticalability and is expected to use these abilities in the functions of top management.
- #12: The process of management requires a lot of data and information for execution of the plan. This requirement arises on account of that in each step of management, a variety of decisions are taken to correct the course of development. The decisions or actions are prompted due to the feedback given by the control system incorporated in the management system. The control of overall performance is made possible by way of budget summaries and reports. The summary showing sales, costs, profit and return on investment throws light on the direction the organization is moving to. The exception reports identify the weaknesses in the system of management. If effective management system is to be assured, it has to rest on business information.The management performance improves if the business risk and uncertainties are handled effectively. If the information provided is adequate, one can deal with these factors squarely. The information support improves the lack of knowledge, enriches experience and improves analytical abilities leading to better business judgment.