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Management Information System

The document discusses management information systems (MIS), defining it as a system that processes organizational data to provide information to support management decision-making. It explains that the three components of an MIS are management, information, and system. The objectives of an MIS are to provide accurate information to managers, connect data to organizational strategy, and help gain competitive advantages. The importance and roles of an MIS in planning, control, and decision-making at different management levels are also outlined.

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15 views14 pages

Management Information System

The document discusses management information systems (MIS), defining it as a system that processes organizational data to provide information to support management decision-making. It explains that the three components of an MIS are management, information, and system. The objectives of an MIS are to provide accurate information to managers, connect data to organizational strategy, and help gain competitive advantages. The importance and roles of an MIS in planning, control, and decision-making at different management levels are also outlined.

Uploaded by

Suyog Powar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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MANAGEMENT

INFORMATION SYSTEM

UNIT I
Party Planning

INTRODUCTIO
DEFINITION OBJECTIVES
N
introduction
 To the managers, Management Information System is an implementation of
the organizational systems and procedures. To a programmer it is nothing
but file structures and file processing. However, it involves much more
complexity.
 The three components of MIS provide a more complete and focused
definition, where System suggests integration and holistic view, Information
stands for processed data, and Management is the ultimate user, the
decision makers.
Management information system can
thus be analyzed as follows −

Managemen
t
Information
System
Conti…
 Management - Management covers the planning, control and
administration of the operations of a concern. The top management
handles planning; the middle management concentrates on controlling;
and the lower management is concerned with actual administration.
 Information - Information, in MIS, means the processed data that helps
the management in planning, controlling and operations. Data means
all the facts arising out of the operations of the concern. Data is
processed i.e. recorded, summarized, compared and finally presented
to the management in the form of MIS report.
 System - Data is processed into information with the help of a system. A
system is made up of inputs, processing, output and feedback or
control.
 Thus MIS means a system for processing data in order to give proper
information to the management for performing its functions.
Definition

 The MIS is defined as a system which provides information


support for decision-making in the organization.
 The MIS is defined as an integrated system of man and
machine for providing the information to support the
operations, the management and the decision-making
function in the organization.
 The MIS is defined as a system based on the database of
the organization evolved for the purpose of providing
information to the people in the organization.
Management information systems

 Management information systems, or MIS, help people, technology and organizations


interact. They exist to improve workflow and improve communication.
 Academics and business experts study MIS to learn how individuals, teams or
departments and organizations as a whole generate and use information to improve
the efficiency and effectiveness of decision making.
 MIS is often used to manage the financial and other numbers-based data a company
has.
 For instance, an MIS might be a computer database of accounting information
that managers use to make decisions about the company's financial well-being.
An MIS can also used to help companies generate goals and performance
indicators for sales, marketing, return on investment and shareholder gains.
Objectives

 The three main objectives of an MIS are


 To provide managers with accurate information,
 Connect data to the organization's strategy and
 Identify competitive advantages.
Providing Managers With Accurate
Information
 An MIS provides managers within an organization with access to
up-to-date and accurate information on the company's "numbers."
 These can be anything from daily sales reports, stock levels or
number of clicks on a webpage. Different managers require
access to different kinds of data,
 An MIS can provide that specific access, allowing managers to
think tangibly of how to save money, control spending or improve
efficiency and productivity.
Connecting Data to Strategy
 Outlining an organization's goals and plans for the foreseeable future is
an important part of strategic planning.
 Most major companies and many smaller businesses use an MIS to
help manage the strategic plan.
 The MIS prevents the plan from simply sitting on the shelf and
collecting dust. It provides the company's leadership with a way to
gather and analyze data that relate to targets.
 For example, if a company wants to increase the number
of new clients by 20 percent over the next three quarters,
it can use an MIS to constantly monitor progress while
providing transparency about the steps employees are
taking to achieve that goal.
Gaining a Competitive Advantage

 Having data available through an MIS isn't an automatic


advantage to a company.
 Barry Beracha, the former CEO of Sara Lee Bakery Group,
says managers still need to make decisions based on that
data and properly manage the information to create a
competitive advantage over other businesses in the same
market.
 It has to offer customers better value by lowering prices or
providing more benefits for the same cost.
IMPORTANCE OF MIS
 Integrated – refers to how different components(sub systems) are actually tied up together.
E.G: different departments of organization linked together.
 Useful for planning – as every organization makes long-term and short-term plans with the
help of information like sales & production, capital investments, stocks etc. Management can
easily plan.
 Effective management information system helps the management to know deviations of
actual performance from pre-set targets and control things.
 It’s important for increasing efficiency.
 MIS provides updated results of various departments to management.
 MIS is highly computerized so it provides accurate results.
 MIS adds to the intelligence, alertness, awareness of managers by providing them
information in the form of progress and review reports of an ongoing activity.
 Helps managers in decision- making.
ROLE OF MANAGEMENT INFORMATION SYSTEM

 The MIS helps the junior management personnel by providing the


operational data for planning, scheduling and control, and helps them further
in decision-making at the operation level to correct an out of control
situation.
 The MIS helps the middle management in short term planning, target setting
and controlling the business functions. It is supported by the use of the
management tools of planning and control.
 The MIS helps the top level management in goal setting, strategic planning
and evolving the business plans and their implementation.
 The MIS satisfies the diverse needs through variety of systems such as
query system (A query is a request for information from a database),
analysis system, modeling system and decision support system.
Thank you
someone@example.com

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