Management Information Systems (MGMT 5853)
04/04/2011
Introduction of Management Information Systems
In this modern, increasingly globalized world, to be able to get and manage information is very important for every company. Management Information Systems (MIS) have very significant functions in a company; without them, the company would have trouble surviving and competing with other companies. “Management Information Systems (MIS) is a system that provides information needed to manage and organize a company in doing its business effectively (Wikipedia, 2011a). In other words, MIS is used for assistance in decision-making, based on collected information.
Basically, to accomplish its goals, MIS combines three main resources, which are technology, information and people (employers, managers, and employees). MIS has several main functions. The first function is data processing, which consists in the collection, transmission, storage, processing, and output of data. Second, the function of prediction helps employees predict future situations by using modern mathematics, statistics, or simulations. Third, function of plan that can help an organization to arrange good plans and management planning reports of each department in a company based on the business strategies and regulations from the company. Fourth, function of control that can support a company to monitor, inspect and assist to control the operations based on the data collected from every department. Finally, function of assistance that basically provides the best answers of related problems instantly for improving business benefits) (Wikipedia, 2011a). Some companies even depend on MIS to run their businesses.
Management Information Systems help a company know their strength and weaknesses. This information, especially the business reports, can help improve the business; these business reports include sales reports, business operation
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