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MANAGEMENT INFORMATION SYSTEM
Definition:
Management Information Systems (MIS) is the term given to thedisciplinefocused on the integration of computer systems with theaims and objectives on anorganization.The development and management of information technology toolsassists executivesand the general workforce in performing any tasksrelated to the processing of information. MIS and business systems areespecially useful in the collation of businessdata and the production ofreports to be used as tools for decision making.
Applications of MISWith computers being as ubiquitous as they are today, there's hardly anylarge businessthat does not rely extensively on their IT systems.However,there are several specific fields in which MIS has become invaluable.
Strategy SupportWhile computers cannot create business strategies by themselves they
can assistmanagement in understanding the effects of their strategies,
and help enable effectivedecision-making.MIS systems can be used to
transform data into information useful for decision making.Computers can
provide financial statements and performance reports to assist in
theplanning, monitoring and implementation of strategy.MIS systems
provide a valuable function in that they can collate into coherent
reportsunmanageable volumes of data that would otherwise be broadly
useless to decisionmakers. By studying these reports decision-makers
can identify patterns and trends that would have remained unseen if theraw data were consulted manually.MIS systems can also use these raw
data to run simulations hypothetical scenariosthat answer a range of
what if questions regarding alterations in strategy. For instance,MIS
systems can provide predictions about the effect on sales that an
8/2/2019 Management Information System Ss
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alteration in pricewould have on a product. These Decision Support
Systems (DSS) enable moreinformed decision making within an
enterprise than would be possible without MISsystems.
Data Processing
Not only do MIS systems allow for the collation of vast amounts ofbusiness data, butthey also provide a valuable time saving benefit to theworkforce. Where in the pastbusiness information had to be manuallyprocessed for filing and analysis it can now beentered quickly and easilyonto a computer by a data processor, allowing for faster decision makingand quicker reflexes for the enterprise as a whole.
Management by Objectives
While MIS systems are extremely useful in generating statistical reportsand dataanalysis they can also be of use as a Management byObjectives (MBO) tool.MBO is a management process by whichmanagers and subordinates agree upon aseries of objectives for thesubordinate to attempt to achieve within a set time frame.Objectives areset using the SMART ratio: that is, objectives should beSpecific,Measurable, Agreed, Realistic and Time-Specific.The aim ofthese objectives is to provide a set of key performance indicators bywhichan enterprise can judge the performance of an employee or project.The success of anyMBO objective depends upon the continuous trackingof progress.In tracking this performance it can be extremely useful to make use of anMIS system.Since all SMART objectives are by definition measurablethey can be tracked throughthe generation of management reports to be
analysed by decision-makers.Benefits of MISThe field of MIS can deliver a great many benefits to enterprises in everyindustry.Expert organizations such as the Institute of MIS along with peerreviewed journals suchas MIS Quarterly continue to find and report newways to use MIS to achieve businessobjectives.
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Core CompetenciesEvery market leading enterprise will have at least one core competency that is, afunction they perform better than their competition. By building anexceptionalmanagement information system into the enterprise it is
possible to push out ahead of the competition. MIS systems provide thetools necessary to gain a better understanding of the market as well as abetter understanding of the enterprise itself.Enhance Supply Chain ManagementImproved reporting of business processes leads inevitably to a morestreamlinedproduction process. With better information on the productionprocess comes the abilityto improve the management of the supply chain,including everything from the sourcingof materials to the manufacturing
and distribution of the finished product
MANAGEMENT INFORMATION SYSTEM
Definition:Management Information Systems (MIS) is the term given to thedisciplinefocused on the integration of computer systems with the
aims and objectives on anorganization.The development and management of information technology toolsassists executivesand the general workforce in performing any tasksrelated to the processing of information. MIS and business systems areespecially useful in the collation of businessdata and the production ofreports to be used as tools for decision making.
Applications of MIS
With computers being as ubiquitous as they are today, there's hardly anylarge businessthat does not rely extensively on their IT systems.However,there are several specific fields in which MIS has become invaluable.
Strategy Support
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While computers cannot create business strategies by themselves they
can assistmanagement in understanding the effects of their strategies,
and help enable effectivedecision-making.MIS systems can be used to
transform data into information useful for decision making.Computers canprovide financial statements and performance reports to assist in
theplanning, monitoring and implementation of strategy.MIS systems
provide a valuable function in that they can collate into coherent
reportsunmanageable volumes of data that would otherwise be broadly
useless to decisionmakers. By studying these reports decision-makers
can identify patterns and trends that would have remained unseen if the
raw data were consulted manually.MIS systems can also use these raw
data to run simulations hypothetical scenariosthat answer a range of
what if questions regarding alterations in strategy. For instance,MIS
systems can provide predictions about the effect on sales that an
alteration in pricewould have on a product. These Decision Support
Systems (DSS) enable moreinformed decision making within an
enterprise than would be possible without MISsystems.
Data Processing
Not only do MIS systems allow for the collation of vast amounts ofbusiness data, butthey also provide a valuable time saving benefit to theworkforce. Where in the pastbusiness information had to be manuallyprocessed for filing and analysis it can now beentered quickly and easilyonto a computer by a data processor, allowing for faster decision makingand quicker reflexes for the enterprise as a whole.
Management by Objectives
While MIS systems are extremely useful in generating statistical reportsand dataanalysis they can also be of use as a Management byObjectives (MBO) tool.MBO is a management process by whichmanagers and subordinates agree upon aseries of objectives for the
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subordinate to attempt to achieve within a set time frame.Objectives areset using the SMART ratio: that is, objectives should beSpecific,Measurable, Agreed, Realistic and Time-Specific.The aim ofthese objectives is to provide a set of key performance indicators by
whichan enterprise can judge the performance of an employee or project.The success of anyMBO objective depends upon the continuous trackingof progress.In tracking this performance it can be extremely useful to make use of anMIS system.Since all SMART objectives are by definition measurablethey can be tracked throughthe generation of management reports to beanalysed by decision-makers.
Benefits of MIS
The field of MIS can deliver a great many benefits to enterprises in everyindustry.Expert organizations such as the Institute of MIS along with peerreviewed journals suchas MIS Quarterly continue to find and report newways to use MIS to achieve businessobjectives.Core CompetenciesEvery market leading enterprise will have at least one core competency that is, afunction they perform better than their competition. By building anexceptionalmanagement information system into the enterprise it is
possible to push out ahead of the competition. MIS systems provide thetools necessary to gain a better understanding of the market as well as abetter understanding of the enterprise itself.Enhance Supply Chain ManagementImproved reporting of business processes leads inevitably to a morestreamlinedproduction process. With better information on the productionprocess comes the abilityto improve the management of the supply chain,including everything from the sourcingof materials to the manufacturingand distribution of the finished product
MANAGEMENT INFORMATION SYSTEM
Definition:
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Management Information Systems (MIS) is the term given to thedisciplinefocused on the integration of computer systems with theaims and objectives on anorganization.The development and management of information technology tools
assists executivesand the general workforce in performing any tasksrelated to the processing of information. MIS and business systems areespecially useful in the collation of businessdata and the production ofreports to be used as tools for decision making.
Applications of MISWith computers being as ubiquitous as they are today, there's hardly anylarge businessthat does not rely extensively on their IT systems.However,
there are several specific fields in which MIS has become invaluable.
Strategy SupportWhile computers cannot create business strategies by themselves they
can assistmanagement in understanding the effects of their strategies,
and help enable effectivedecision-making.MIS systems can be used to
transform data into information useful for decision making.Computers can
provide financial statements and performance reports to assist in
theplanning, monitoring and implementation of strategy.MIS systemsprovide a valuable function in that they can collate into coherent
reportsunmanageable volumes of data that would otherwise be broadly
useless to decisionmakers. By studying these reports decision-makers
can identify patterns and trends that would have remained unseen if the
raw data were consulted manually.MIS systems can also use these raw
data to run simulations hypothetical scenariosthat answer a range of
what if questions regarding alterations in strategy. For instance,MISsystems can provide predictions about the effect on sales that an
alteration in pricewould have on a product. These Decision Support
Systems (DSS) enable moreinformed decision making within an
enterprise than would be possible without MISsystems.
8/2/2019 Management Information System Ss
7/30
Data Processing
Not only do MIS systems allow for the collation of vast amounts ofbusiness data, butthey also provide a valuable time saving benefit to the
workforce. Where in the pastbusiness information had to be manuallyprocessed for filing and analysis it can now beentered quickly and easilyonto a computer by a data processor, allowing for faster decision makingand quicker reflexes for the enterprise as a whole.
Management by Objectives
While MIS systems are extremely useful in generating statistical reports
and dataanalysis they can also be of use as a Management byObjectives (MBO) tool.MBO is a management process by whichmanagers and subordinates agree upon aseries of objectives for thesubordinate to attempt to achieve within a set time frame.Objectives areset using the SMART ratio: that is, objectives should beSpecific,Measurable, Agreed, Realistic and Time-Specific.The aim ofthese objectives is to provide a set of key performance indicators bywhichan enterprise can judge the performance of an employee or project.The success of anyMBO objective depends upon the continuous trackingof progress.In tracking this performance it can be extremely useful to make use of anMIS system.Since all SMART objectives are by definition measurablethey can be tracked throughthe generation of management reports to beanalysed by decision-makers.
Benefits of MISThe field of MIS can deliver a great many benefits to enterprises in everyindustry.Expert organizations such as the Institute of MIS along with peer
reviewed journals suchas MIS Quarterly continue to find and report newways to use MIS to achieve businessobjectives.Core CompetenciesEvery market leading enterprise will have at least one core competency that is, afunction they perform better than their competition. By building anexceptionalmanagement information system into the enterprise it is
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possible to push out ahead of the competition. MIS systems provide thetools necessary to gain a better understanding of the market as well as abetter understanding of the enterprise itself.Enhance Supply Chain Management
Improved reporting of business processes leads inevitably to a morestreamlinedproduction process. With better information on the productionprocess comes the abilityto improve the management of the supply chain,including everything from the sourcingof materials to the manufacturingand distribution of the finished product
MANAGEMENT INFORMATION SYSTEM
Definition:Management Information Systems (MIS) is the term given to thedisciplinefocused on the integration of computer systems with theaims and objectives on anorganization.The development and management of information technology toolsassists executivesand the general workforce in performing any tasksrelated to the processing of information. MIS and business systems are
especially useful in the collation of businessdata and the production ofreports to be used as tools for decision making.
Applications of MISWith computers being as ubiquitous as they are today, there's hardly anylarge businessthat does not rely extensively on their IT systems.However,there are several specific fields in which MIS has become invaluable.
Strategy SupportWhile computers cannot create business strategies by themselves they
can assistmanagement in understanding the effects of their strategies,
and help enable effectivedecision-making.MIS systems can be used to
transform data into information useful for decision making.Computers can
provide financial statements and performance reports to assist in
8/2/2019 Management Information System Ss
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theplanning, monitoring and implementation of strategy.MIS systems
provide a valuable function in that they can collate into coherent
reportsunmanageable volumes of data that would otherwise be broadly
useless to decisionmakers. By studying these reports decision-makerscan identify patterns and trends that would have remained unseen if the
raw data were consulted manually.MIS systems can also use these raw
data to run simulations hypothetical scenariosthat answer a range of
what if questions regarding alterations in strategy. For instance,MIS
systems can provide predictions about the effect on sales that an
alteration in pricewould have on a product. These Decision Support
Systems (DSS) enable moreinformed decision making within an
enterprise than would be possible without MISsystems.
Data Processing
Not only do MIS systems allow for the collation of vast amounts ofbusiness data, butthey also provide a valuable time saving benefit to theworkforce. Where in the pastbusiness information had to be manuallyprocessed for filing and analysis it can now beentered quickly and easily
onto a computer by a data processor, allowing for faster decision makingand quicker reflexes for the enterprise as a whole.
Management by Objectives
While MIS systems are extremely useful in generating statistical reportsand dataanalysis they can also be of use as a Management byObjectives (MBO) tool.MBO is a management process by which
managers and subordinates agree upon aseries of objectives for thesubordinate to attempt to achieve within a set time frame.Objectives areset using the SMART ratio: that is, objectives should beSpecific,Measurable, Agreed, Realistic and Time-Specific.The aim ofthese objectives is to provide a set of key performance indicators bywhichan enterprise can judge the performance of an employee or project.
8/2/2019 Management Information System Ss
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The success of anyMBO objective depends upon the continuous trackingof progress.In tracking this performance it can be extremely useful to make use of anMIS system.Since all SMART objectives are by definition measurable
they can be tracked throughthe generation of management reports to beanalysed by decision-makers.
Benefits of MISThe field of MIS can deliver a great many benefits to enterprises in everyindustry.Expert organizations such as the Institute of MIS along with peerreviewed journals suchas MIS Quarterly continue to find and report newways to use MIS to achieve businessobjectives.Core Competencies
Every market leading enterprise will have at least one core competency that is, afunction they perform better than their competition. By building anexceptionalmanagement information system into the enterprise it ispossible to push out ahead of the competition. MIS systems provide thetools necessary to gain a better understanding of the market as well as abetter understanding of the enterprise itself.Enhance Supply Chain ManagementImproved reporting of business processes leads inevitably to a more
streamlinedproduction process. With better information on the productionprocess comes the abilityto improve the management of the supply chain,including everything from the sourcingof materials to the manufacturingand distribution of the finished product
MANAGEMENT INFORMATION SYSTEM
Definition:Management Information Systems (MIS) is the term given to thedisciplinefocused on the integration of computer systems with theaims and objectives on anorganization.The development and management of information technology toolsassists executivesand the general workforce in performing any tasks
8/2/2019 Management Information System Ss
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related to the processing of information. MIS and business systems areespecially useful in the collation of businessdata and the production ofreports to be used as tools for decision making.
Applications of MISWith computers being as ubiquitous as they are today, there's hardly anylarge businessthat does not rely extensively on their IT systems.However,there are several specific fields in which MIS has become invaluable.
Strategy SupportWhile computers cannot create business strategies by themselves they
can assistmanagement in understanding the effects of their strategies,
and help enable effectivedecision-making.MIS systems can be used totransform data into information useful for decision making.Computers can
provide financial statements and performance reports to assist in
theplanning, monitoring and implementation of strategy.MIS systems
provide a valuable function in that they can collate into coherent
reportsunmanageable volumes of data that would otherwise be broadly
useless to decisionmakers. By studying these reports decision-makers
can identify patterns and trends that would have remained unseen if theraw data were consulted manually.MIS systems can also use these raw
data to run simulations hypothetical scenariosthat answer a range of
what if questions regarding alterations in strategy. For instance,MIS
systems can provide predictions about the effect on sales that an
alteration in pricewould have on a product. These Decision Support
Systems (DSS) enable moreinformed decision making within an
enterprise than would be possible without MISsystems.Data Processing
Not only do MIS systems allow for the collation of vast amounts ofbusiness data, butthey also provide a valuable time saving benefit to theworkforce. Where in the pastbusiness information had to be manually
8/2/2019 Management Information System Ss
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processed for filing and analysis it can now beentered quickly and easilyonto a computer by a data processor, allowing for faster decision makingand quicker reflexes for the enterprise as a whole.
Management by Objectives
While MIS systems are extremely useful in generating statistical reportsand dataanalysis they can also be of use as a Management byObjectives (MBO) tool.MBO is a management process by whichmanagers and subordinates agree upon aseries of objectives for thesubordinate to attempt to achieve within a set time frame.Objectives areset using the SMART ratio: that is, objectives should be
Specific,Measurable, Agreed, Realistic and Time-Specific.The aim ofthese objectives is to provide a set of key performance indicators bywhichan enterprise can judge the performance of an employee or project.The success of anyMBO objective depends upon the continuous trackingof progress.In tracking this performance it can be extremely useful to make use of anMIS system.Since all SMART objectives are by definition measurablethey can be tracked throughthe generation of management reports to beanalysed by decision-makers.
Benefits of MISThe field of MIS can deliver a great many benefits to enterprises in everyindustry.Expert organizations such as the Institute of MIS along with peerreviewed journals suchas MIS Quarterly continue to find and report newways to use MIS to achieve businessobjectives.Core CompetenciesEvery market leading enterprise will have at least one core competency that is, afunction they perform better than their competition. By building an
exceptionalmanagement information system into the enterprise it ispossible to push out ahead of the competition. MIS systems provide thetools necessary to gain a better understanding of the market as well as abetter understanding of the enterprise itself.Enhance Supply Chain Management
8/2/2019 Management Information System Ss
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Improved reporting of business processes leads inevitably to a morestreamlinedproduction process. With better information on the productionprocess comes the abilityto improve the management of the supply chain,including everything from the sourcingof materials to the manufacturing
and distribution of the finished product
MANAGEMENT INFORMATION SYSTEM
Definition:Management Information Systems (MIS) is the term given to thedisciplinefocused on the integration of computer systems with the
aims and objectives on anorganization.The development and management of information technology toolsassists executivesand the general workforce in performing any tasksrelated to the processing of information. MIS and business systems areespecially useful in the collation of businessdata and the production ofreports to be used as tools for decision making.
Applications of MIS
With computers being as ubiquitous as they are today, there's hardly anylarge businessthat does not rely extensively on their IT systems.However,there are several specific fields in which MIS has become invaluable.
Strategy SupportWhile computers cannot create business strategies by themselves they
can assistmanagement in understanding the effects of their strategies,
and help enable effectivedecision-making.MIS systems can be used to
transform data into information useful for decision making.Computers canprovide financial statements and performance reports to assist in
theplanning, monitoring and implementation of strategy.MIS systems
provide a valuable function in that they can collate into coherent
reportsunmanageable volumes of data that would otherwise be broadly
8/2/2019 Management Information System Ss
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useless to decisionmakers. By studying these reports decision-makers
can identify patterns and trends that would have remained unseen if the
raw data were consulted manually.MIS systems can also use these raw
data to run simulations hypothetical scenariosthat answer a range ofwhat if questions regarding alterations in strategy. For instance,MIS
systems can provide predictions about the effect on sales that an
alteration in pricewould have on a product. These Decision Support
Systems (DSS) enable moreinformed decision making within an
enterprise than would be possible without MISsystems.
Data Processing
Not only do MIS systems allow for the collation of vast amounts ofbusiness data, butthey also provide a valuable time saving benefit to theworkforce. Where in the pastbusiness information had to be manuallyprocessed for filing and analysis it can now beentered quickly and easilyonto a computer by a data processor, allowing for faster decision makingand quicker reflexes for the enterprise as a whole.
Management by Objectives
While MIS systems are extremely useful in generating statistical reportsand dataanalysis they can also be of use as a Management byObjectives (MBO) tool.MBO is a management process by whichmanagers and subordinates agree upon aseries of objectives for thesubordinate to attempt to achieve within a set time frame.Objectives areset using the SMART ratio: that is, objectives should beSpecific,Measurable, Agreed, Realistic and Time-Specific.The aim of
these objectives is to provide a set of key performance indicators bywhichan enterprise can judge the performance of an employee or project.The success of anyMBO objective depends upon the continuous trackingof progress.In tracking this performance it can be extremely useful to make use of anMIS system.Since all SMART objectives are by definition measurable
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they can be tracked throughthe generation of management reports to beanalysed by decision-makers.
Benefits of MISThe field of MIS can deliver a great many benefits to enterprises in every
industry.Expert organizations such as the Institute of MIS along with peerreviewed journals suchas MIS Quarterly continue to find and report newways to use MIS to achieve businessobjectives.Core CompetenciesEvery market leading enterprise will have at least one core competency that is, afunction they perform better than their competition. By building anexceptionalmanagement information system into the enterprise it ispossible to push out ahead of the competition. MIS systems provide the
tools necessary to gain a better understanding of the market as well as abetter understanding of the enterprise itself.Enhance Supply Chain ManagementImproved reporting of business processes leads inevitably to a morestreamlinedproduction process. With better information on the productionprocess comes the abilityto improve the management of the supply chain,including everything from the sourcingof materials to the manufacturingand distribution of the finished product
MANAGEMENT INFORMATION SYSTEM
Definition:Management Information Systems (MIS) is the term given to thedisciplinefocused on the integration of computer systems with theaims and objectives on anorganization.
The development and management of information technology toolsassists executivesand the general workforce in performing any tasksrelated to the processing of information. MIS and business systems areespecially useful in the collation of businessdata and the production ofreports to be used as tools for decision making.
8/2/2019 Management Information System Ss
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Applications of MISWith computers being as ubiquitous as they are today, there's hardly anylarge businessthat does not rely extensively on their IT systems.However,there are several specific fields in which MIS has become invaluable.
Strategy SupportWhile computers cannot create business strategies by themselves they
can assistmanagement in understanding the effects of their strategies,
and help enable effectivedecision-making.MIS systems can be used to
transform data into information useful for decision making.Computers can
provide financial statements and performance reports to assist in
theplanning, monitoring and implementation of strategy.MIS systemsprovide a valuable function in that they can collate into coherent
reportsunmanageable volumes of data that would otherwise be broadly
useless to decisionmakers. By studying these reports decision-makers
can identify patterns and trends that would have remained unseen if the
raw data were consulted manually.MIS systems can also use these raw
data to run simulations hypothetical scenariosthat answer a range of
what if questions regarding alterations in strategy. For instance,MIS
systems can provide predictions about the effect on sales that an
alteration in pricewould have on a product. These Decision Support
Systems (DSS) enable moreinformed decision making within an
enterprise than would be possible without MISsystems.
Data Processing
Not only do MIS systems allow for the collation of vast amounts of
business data, butthey also provide a valuable time saving benefit to theworkforce. Where in the pastbusiness information had to be manuallyprocessed for filing and analysis it can now beentered quickly and easilyonto a computer by a data processor, allowing for faster decision makingand quicker reflexes for the enterprise as a whole.
8/2/2019 Management Information System Ss
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Management by Objectives
While MIS systems are extremely useful in generating statistical reportsand dataanalysis they can also be of use as a Management by
Objectives (MBO) tool.MBO is a management process by whichmanagers and subordinates agree upon aseries of objectives for thesubordinate to attempt to achieve within a set time frame.Objectives areset using the SMART ratio: that is, objectives should beSpecific,Measurable, Agreed, Realistic and Time-Specific.The aim ofthese objectives is to provide a set of key performance indicators bywhichan enterprise can judge the performance of an employee or project.The success of anyMBO objective depends upon the continuous tracking
of progress.In tracking this performance it can be extremely useful to make use of anMIS system.Since all SMART objectives are by definition measurablethey can be tracked throughthe generation of management reports to beanalysed by decision-makers.
Benefits of MISThe field of MIS can deliver a great many benefits to enterprises in everyindustry.Expert organizations such as the Institute of MIS along with peer
reviewed journals suchas MIS Quarterly continue to find and report newways to use MIS to achieve businessobjectives.Core CompetenciesEvery market leading enterprise will have at least one core competency that is, afunction they perform better than their competition. By building anexceptionalmanagement information system into the enterprise it ispossible to push out ahead of the competition. MIS systems provide thetools necessary to gain a better understanding of the market as well as abetter understanding of the enterprise itself.
Enhance Supply Chain ManagementImproved reporting of business processes leads inevitably to a morestreamlinedproduction process. With better information on the productionprocess comes the abilityto improve the management of the supply chain,including everything from the sourcingof materials to the manufacturingand distribution of the finished product
8/2/2019 Management Information System Ss
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MANAGEMENT INFORMATION SYSTEM
Definition:Management Information Systems (MIS) is the term given to thedisciplinefocused on the integration of computer systems with theaims and objectives on anorganization.The development and management of information technology toolsassists executivesand the general workforce in performing any tasksrelated to the processing of information. MIS and business systems areespecially useful in the collation of businessdata and the production of
reports to be used as tools for decision making.
Applications of MISWith computers being as ubiquitous as they are today, there's hardly anylarge businessthat does not rely extensively on their IT systems.However,there are several specific fields in which MIS has become invaluable.
Strategy Support
While computers cannot create business strategies by themselves theycan assistmanagement in understanding the effects of their strategies,
and help enable effectivedecision-making.MIS systems can be used to
transform data into information useful for decision making.Computers can
provide financial statements and performance reports to assist in
theplanning, monitoring and implementation of strategy.MIS systems
provide a valuable function in that they can collate into coherent
reportsunmanageable volumes of data that would otherwise be broadlyuseless to decisionmakers. By studying these reports decision-makers
can identify patterns and trends that would have remained unseen if the
raw data were consulted manually.MIS systems can also use these raw
data to run simulations hypothetical scenariosthat answer a range of
8/2/2019 Management Information System Ss
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what if questions regarding alterations in strategy. For instance,MIS
systems can provide predictions about the effect on sales that an
alteration in pricewould have on a product. These Decision Support
Systems (DSS) enable moreinformed decision making within anenterprise than would be possible without MISsystems.
Data Processing
Not only do MIS systems allow for the collation of vast amounts ofbusiness data, butthey also provide a valuable time saving benefit to theworkforce. Where in the pastbusiness information had to be manuallyprocessed for filing and analysis it can now beentered quickly and easily
onto a computer by a data processor, allowing for faster decision makingand quicker reflexes for the enterprise as a whole.
Management by Objectives
While MIS systems are extremely useful in generating statistical reportsand dataanalysis they can also be of use as a Management byObjectives (MBO) tool.MBO is a management process by which
managers and subordinates agree upon aseries of objectives for thesubordinate to attempt to achieve within a set time frame.Objectives areset using the SMART ratio: that is, objectives should beSpecific,Measurable, Agreed, Realistic and Time-Specific.The aim ofthese objectives is to provide a set of key performance indicators bywhichan enterprise can judge the performance of an employee or project.The success of anyMBO objective depends upon the continuous trackingof progress.In tracking this performance it can be extremely useful to make use of anMIS system.Since all SMART objectives are by definition measurablethey can be tracked throughthe generation of management reports to beanalysed by decision-makers.
Benefits of MIS
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The field of MIS can deliver a great many benefits to enterprises in everyindustry.Expert organizations such as the Institute of MIS along with peerreviewed journals suchas MIS Quarterly continue to find and report newways to use MIS to achieve businessobjectives.
Core CompetenciesEvery market leading enterprise will have at least one core competency that is, afunction they perform better than their competition. By building anexceptionalmanagement information system into the enterprise it ispossible to push out ahead of the competition. MIS systems provide thetools necessary to gain a better understanding of the market as well as abetter understanding of the enterprise itself.Enhance Supply Chain Management
Improved reporting of business processes leads inevitably to a morestreamlinedproduction process. With better information on the productionprocess comes the abilityto improve the management of the supply chain,including everything from the sourcingof materials to the manufacturingand distribution of the finished product
MANAGEMENT INFORMATION SYSTEM
Definition:Management Information Systems (MIS) is the term given to thedisciplinefocused on the integration of computer systems with theaims and objectives on anorganization.The development and management of information technology toolsassists executivesand the general workforce in performing any tasksrelated to the processing of information. MIS and business systems are
especially useful in the collation of businessdata and the production ofreports to be used as tools for decision making.
Applications of MIS
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With computers being as ubiquitous as they are today, there's hardly anylarge businessthat does not rely extensively on their IT systems.However,there are several specific fields in which MIS has become invaluable.
Strategy SupportWhile computers cannot create business strategies by themselves they
can assistmanagement in understanding the effects of their strategies,
and help enable effectivedecision-making.MIS systems can be used to
transform data into information useful for decision making.Computers can
provide financial statements and performance reports to assist in
theplanning, monitoring and implementation of strategy.MIS systems
provide a valuable function in that they can collate into coherentreportsunmanageable volumes of data that would otherwise be broadly
useless to decisionmakers. By studying these reports decision-makers
can identify patterns and trends that would have remained unseen if the
raw data were consulted manually.MIS systems can also use these raw
data to run simulations hypothetical scenariosthat answer a range of
what if questions regarding alterations in strategy. For instance,MIS
systems can provide predictions about the effect on sales that an
alteration in pricewould have on a product. These Decision Support
Systems (DSS) enable moreinformed decision making within an
enterprise than would be possible without MISsystems.
Data Processing
Not only do MIS systems allow for the collation of vast amounts ofbusiness data, butthey also provide a valuable time saving benefit to the
workforce. Where in the pastbusiness information had to be manuallyprocessed for filing and analysis it can now beentered quickly and easilyonto a computer by a data processor, allowing for faster decision makingand quicker reflexes for the enterprise as a whole.
Management by Objectives
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While MIS systems are extremely useful in generating statistical reportsand dataanalysis they can also be of use as a Management byObjectives (MBO) tool.MBO is a management process by which
managers and subordinates agree upon aseries of objectives for thesubordinate to attempt to achieve within a set time frame.Objectives areset using the SMART ratio: that is, objectives should beSpecific,Measurable, Agreed, Realistic and Time-Specific.The aim ofthese objectives is to provide a set of key performance indicators bywhichan enterprise can judge the performance of an employee or project.The success of anyMBO objective depends upon the continuous trackingof progress.
In tracking this performance it can be extremely useful to make use of anMIS system.Since all SMART objectives are by definition measurablethey can be tracked throughthe generation of management reports to beanalysed by decision-makers.
Benefits of MISThe field of MIS can deliver a great many benefits to enterprises in everyindustry.Expert organizations such as the Institute of MIS along with peerreviewed journals suchas MIS Quarterly continue to find and report new
ways to use MIS to achieve businessobjectives.Core CompetenciesEvery market leading enterprise will have at least one core competency that is, afunction they perform better than their competition. By building anexceptionalmanagement information system into the enterprise it ispossible to push out ahead of the competition. MIS systems provide thetools necessary to gain a better understanding of the market as well as abetter understanding of the enterprise itself.Enhance Supply Chain Management
Improved reporting of business processes leads inevitably to a morestreamlinedproduction process. With better information on the productionprocess comes the abilityto improve the management of the supply chain,including everything from the sourcingof materials to the manufacturingand distribution of the finished product
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MANAGEMENT INFORMATION SYSTEM
Definition:Management Information Systems (MIS) is the term given to thedisciplinefocused on the integration of computer systems with theaims and objectives on anorganization.The development and management of information technology toolsassists executivesand the general workforce in performing any tasksrelated to the processing of information. MIS and business systems areespecially useful in the collation of businessdata and the production ofreports to be used as tools for decision making.
Applications of MISWith computers being as ubiquitous as they are today, there's hardly anylarge businessthat does not rely extensively on their IT systems.However,there are several specific fields in which MIS has become invaluable.
Strategy SupportWhile computers cannot create business strategies by themselves they
can assistmanagement in understanding the effects of their strategies,and help enable effectivedecision-making.MIS systems can be used to
transform data into information useful for decision making.Computers can
provide financial statements and performance reports to assist in
theplanning, monitoring and implementation of strategy.MIS systems
provide a valuable function in that they can collate into coherent
reportsunmanageable volumes of data that would otherwise be broadly
useless to decisionmakers. By studying these reports decision-makerscan identify patterns and trends that would have remained unseen if the
raw data were consulted manually.MIS systems can also use these raw
data to run simulations hypothetical scenariosthat answer a range of
what if questions regarding alterations in strategy. For instance,MIS
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systems can provide predictions about the effect on sales that an
alteration in pricewould have on a product. These Decision Support
Systems (DSS) enable moreinformed decision making within an
enterprise than would be possible without MISsystems.Data Processing
Not only do MIS systems allow for the collation of vast amounts ofbusiness data, butthey also provide a valuable time saving benefit to theworkforce. Where in the pastbusiness information had to be manuallyprocessed for filing and analysis it can now beentered quickly and easilyonto a computer by a data processor, allowing for faster decision making
and quicker reflexes for the enterprise as a whole.
Management by Objectives
While MIS systems are extremely useful in generating statistical reportsand dataanalysis they can also be of use as a Management byObjectives (MBO) tool.MBO is a management process by whichmanagers and subordinates agree upon aseries of objectives for the
subordinate to attempt to achieve within a set time frame.Objectives areset using the SMART ratio: that is, objectives should beSpecific,Measurable, Agreed, Realistic and Time-Specific.The aim ofthese objectives is to provide a set of key performance indicators bywhichan enterprise can judge the performance of an employee or project.The success of anyMBO objective depends upon the continuous trackingof progress.In tracking this performance it can be extremely useful to make use of anMIS system.Since all SMART objectives are by definition measurablethey can be tracked throughthe generation of management reports to beanalysed by decision-makers.
Benefits of MISThe field of MIS can deliver a great many benefits to enterprises in everyindustry.Expert organizations such as the Institute of MIS along with peer
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reviewed journals suchas MIS Quarterly continue to find and report newways to use MIS to achieve businessobjectives.Core CompetenciesEvery market leading enterprise will have at least one core competency
that is, afunction they perform better than their competition. By building anexceptionalmanagement information system into the enterprise it ispossible to push out ahead of the competition. MIS systems provide thetools necessary to gain a better understanding of the market as well as abetter understanding of the enterprise itself.Enhance Supply Chain ManagementImproved reporting of business processes leads inevitably to a morestreamlinedproduction process. With better information on the production
process comes the abilityto improve the management of the supply chain,including everything from the sourcingof materials to the manufacturingand distribution of the finished product
MANAGEMENT INFORMATION SYSTEM
Definition:
Management Information Systems (MIS) is the term given to thedisciplinefocused on the integration of computer systems with theaims and objectives on anorganization.The development and management of information technology toolsassists executivesand the general workforce in performing any tasksrelated to the processing of information. MIS and business systems areespecially useful in the collation of businessdata and the production ofreports to be used as tools for decision making.
Applications of MISWith computers being as ubiquitous as they are today, there's hardly anylarge businessthat does not rely extensively on their IT systems.However,there are several specific fields in which MIS has become invaluable.
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managers and subordinates agree upon aseries of objectives for thesubordinate to attempt to achieve within a set time frame.Objectives areset using the SMART ratio: that is, objectives should beSpecific,Measurable, Agreed, Realistic and Time-Specific.The aim of
these objectives is to provide a set of key performance indicators bywhichan enterprise can judge the performance of an employee or project.The success of anyMBO objective depends upon the continuous trackingof progress.In tracking this performance it can be extremely useful to make use of anMIS system.Since all SMART objectives are by definition measurablethey can be tracked throughthe generation of management reports to beanalysed by decision-makers.
Benefits of MISThe field of MIS can deliver a great many benefits to enterprises in everyindustry.Expert organizations such as the Institute of MIS along with peerreviewed journals suchas MIS Quarterly continue to find and report newways to use MIS to achieve businessobjectives.Core CompetenciesEvery market leading enterprise will have at least one core competency that is, afunction they perform better than their competition. By building an
exceptionalmanagement information system into the enterprise it ispossible to push out ahead of the competition. MIS systems provide thetools necessary to gain a better understanding of the market as well as abetter understanding of the enterprise itself.Enhance Supply Chain ManagementImproved reporting of business processes leads inevitably to a morestreamlinedproduction process. With better information on the productionprocess comes the abilityto improve the management of the supply chain,including everything from the sourcingof materials to the manufacturing
and distribution of the finished product
MANAGEMENT INFORMATION SYSTEM
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Definition:Management Information Systems (MIS) is the term given to thedisciplinefocused on the integration of computer systems with theaims and objectives on anorganization.
The development and management of information technology toolsassists executivesand the general workforce in performing any tasksrelated to the processing of information. MIS and business systems areespecially useful in the collation of businessdata and the production ofreports to be used as tools for decision making.
Applications of MISWith computers being as ubiquitous as they are today, there's hardly any
large businessthat does not rely extensively on their IT systems.However,there are several specific fields in which MIS has become invaluable.
Strategy SupportWhile computers cannot create business strategies by themselves they
can assistmanagement in understanding the effects of their strategies,
and help enable effectivedecision-making.MIS systems can be used to
transform data into information useful for decision making.Computers can
provide financial statements and performance reports to assist intheplanning, monitoring and implementation of strategy.MIS systems
provide a valuable function in that they can collate into coherent
reportsunmanageable volumes of data that would otherwise be broadly
useless to decisionmakers. By studying these reports decision-makers
can identify patterns and trends that would have remained unseen if the
raw data were consulted manually.MIS systems can also use these raw
data to run simulations hypothetical scenariosthat answer a range ofwhat if questions regarding alterations in strategy. For instance,MIS
systems can provide predictions about the effect on sales that an
alteration in pricewould have on a product. These Decision Support
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Systems (DSS) enable moreinformed decision making within an
enterprise than would be possible without MISsystems.
Data Processing
Not only do MIS systems allow for the collation of vast amounts ofbusiness data, butthey also provide a valuable time saving benefit to theworkforce. Where in the pastbusiness information had to be manuallyprocessed for filing and analysis it can now beentered quickly and easilyonto a computer by a data processor, allowing for faster decision makingand quicker reflexes for the enterprise as a whole.
Management by Objectives
While MIS systems are extremely useful in generating statistical reportsand dataanalysis they can also be of use as a Management byObjectives (MBO) tool.MBO is a management process by whichmanagers and subordinates agree upon aseries of objectives for thesubordinate to attempt to achieve within a set time frame.Objectives areset using the SMART ratio: that is, objectives should beSpecific,Measurable, Agreed, Realistic and Time-Specific.The aim ofthese objectives is to provide a set of key performance indicators bywhichan enterprise can judge the performance of an employee or project.The success of anyMBO objective depends upon the continuous trackingof progress.In tracking this performance it can be extremely useful to make use of anMIS system.Since all SMART objectives are by definition measurablethey can be tracked throughthe generation of management reports to beanalysed by decision-makers.
Benefits of MISThe field of MIS can deliver a great many benefits to enterprises in everyindustry.Expert organizations such as the Institute of MIS along with peerreviewed journals suchas MIS Quarterly continue to find and report newways to use MIS to achieve businessobjectives.Core Competencies
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Every market leading enterprise will have at least one core competency that is, afunction they perform better than their competition. By building anexceptionalmanagement information system into the enterprise it ispossible to push out ahead of the competition. MIS systems provide the
tools necessary to gain a better understanding of the market as well as abetter understanding of the enterprise itself.Enhance Supply Chain ManagementImproved reporting of business processes leads inevitably to a morestreamlinedproduction process. With better information on the productionprocess comes the abilityto improve the management of the supply chain,including everything from the sourcingof materials to the manufacturingand distribution of the finished product