Objectives of an Effective Management System
* Provides information to support managerial functions like Planning, organizing, directing, controlling. * Collects information in a systematic and a routine manner which is in accordance with a well defined set of rules. * Includes files, hardware, software and operations research models of Processing, storing, retrieving and transmitting information to the users.
A management information system (MIS) is a subset of the overall internal controls of a business covering the application of people, documents, technologies, and procedures by management accountants to solving business problems such as costing a product, service or a business-wide strategy. Management information systems are distinct from regular information systems in that they are used to analyze other information systems applied in operational activities in the organization. Academically, the term is commonly used to refer to the group of information management methods tied to the automation or support of human decision making, e.g. Decision Support Systems, Expert systems, and Executive information systems.
Objectives of Management Information System (MIS):
An effective MIS has the following objectives 1. Facilitate the decision – making process by furnishing information in the proper time frame. This helps the decision – maker to select the best course of action. 2. Provide requisite information at each level of management to carry out their functions. 3. Help in highlighting the critical factors to the closely monitored for successful functioning of the organization. 4. Support decision-making in both structured and unstructured problem environments. 5. Provide a system of people, computers, procedures, interactive query facilities, documents for collecting, sorting, retrieving and transmitting information to the users.
Charactristics of Management Information System (MIS) * Management Oriented: The system is designed from the top to work downwards. It does not
A management information system (MIS) is a subset of the overall internal controls of a business covering the application of people, documents, technologies, and procedures by management accountants to solving business problems such as costing a product, service or a business-wide strategy. Management information systems are distinct from regular information systems in that they are used to analyze other information systems applied in operational activities in the organization. Academically, the term is commonly used to refer to the group of information management methods tied to the automation or support of human decision making, e.g. Decision Support Systems, Expert systems, and Executive information systems.
Objectives of Management Information System (MIS):
An effective MIS has the following objectives 1. Facilitate the decision – making process by furnishing information in the proper time frame. This helps the decision – maker to select the best course of action. 2. Provide requisite information at each level of management to carry out their functions. 3. Help in highlighting the critical factors to the closely monitored for successful functioning of the organization. 4. Support decision-making in both structured and unstructured problem environments. 5. Provide a system of people, computers, procedures, interactive query facilities, documents for collecting, sorting, retrieving and transmitting information to the users.
Charactristics of Management Information System (MIS) * Management Oriented: The system is designed from the top to work downwards. It does not