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Role of Management Information System in Today’s Organization
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Posted On :
Oct-15-2014
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Article Word Count :
509
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Management Information Systems, which are often abbreviated to MIS are a subdivision of internal business controls that usually refer to documents, IT, people and procedures.
MIS is a managerial decision-making tool.
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Management Information Systems, which are often abbreviated to MIS are a subdivision of internal business controls that usually refer to documents, IT, people and procedures.
MIS is a managerial decision-making tool. A company uses it in all of its business operations and processes. MIS provides information that organizations require to manage themselves efficiently and effectively. MIS is typically computer systems used for managing.
MIS is a part of Information system but quite different from other information systems. This is because the MIS is used primarily to analyse other information systems that are used in the operational activities of any particular organization.
It can be difficult to get organized in a big company because of all the departments and information being transferred from group to group. Having a MIS is a process to help with organization through machines, individuals and certain procedures.
Working with a MIS means working with certain procedures dealing with information and data through:
*Storing
*Transmitting
*Analyzing
*Collecting
These all work to help with management to make decisions important to the company. They are able to have all the important information right in front of them create objectives then implement them. Often modern MIS is a computer worked item. It makes the process go more easily and more quickly. These MIS are based on the web allowing them to be available from anywhere with an internet connection. It allows it to be better maintained as well as the MIS is easier to install.
History of Management Information Systems
Initially computers were used to keep finances up to date word processing and in many cases accounting. But then more and more applications were invented all of which were geared towards providing management with useful and relevant information that would help them to manage their business and due to the nature of the information they contained, these applications became known as Management Information Systems.
Role of MIS in Business Management
Helps in taking Decision - MIS helps business managers in taking decision quickly. Business managers often need to make decisions that can affect the business' fortunes one way or other.
Helps in Identifying Problem - Identifying problems and analyzing the factors has been transformed by modern computer information systems. In a typical MIS environment, standard reports are generated in a routine manner comparing actual performance against original estimates. Managers will thus become aware of problem areas in the daily course of their work simply by looking at the reports they receive, without having to do detailed data collection and computations themselves.
Uses of MIS in Management:
• It deals with transaction processing such as answering the questions, status of a particular record and variety of documents.
• It gives operational data for planning, scheduling and control.
• It helps in decision making and to correct an out of control situation.
• It helps middle management in short term planning, target setting and control the business functions.
• It helps top management in goal setting, planning business planes and its implementations.
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Article Source :
http://www.articleseen.com/Article_Role of Management Information System in Today’s Organization_305782.aspx
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Author Resource :
I am a website content writer in a reputed IT company. I provide information about Management Information Systems.
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Keywords :
Management Information Systems, MIS,
Category :
Internet Business
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Internet Business
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