MIS Lecture 1

ManagementInformationSystems

University of the Punjab

Introduction to MISIntroduction to MIS

College of Statistical & Actuarial Science

OverviewOverview

Common questions about MIS What is Management Information

Systems (MIS)? Careers in MIS Tips for Undergraduate Students


Common Questions about MISCommon Questions about MIS

What is MIS? How are MIS and CS different? Does MIS involve a lot of computer

programming? What are potential careers in MIS? Can I succeed in MIS without a strong

computer or technical background? What can I do to further myself in the MIS

field while I’m still a student?

College of Statistical & Actuarial ScienceCollege of Statistical & Actuarial Science

What is MIS?What is MIS?

Identifying the information that is needed for effective decision making in organizations and developing information systems to satisfy those needs

In other words…“ MIS is using technology to

create business value.”College of Statistical & Actuarial ScienceCollege of Statistical & Actuarial Science

What is MIS?What is MIS?

What do MIS professionals do?

BUSINESS

TECHNOLOGY

Bridge the gap between business and technical minds


MIS More DefinitionsMIS More Definitions

(MIS) is the term given to the discipline focused on the integration of computer systems with the aims and objectives on an organization.

The development and management of information technology tools assists executives and the general workforce in performing any tasks related to the processing of information. MIS systems are especially useful in the collation of business data and the production of reports to be used as tools for decision making


Applications of MIS Applications of MIS

With computers being as ubiquitous as they are today, there's hardly any large business that 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 they can assist management in understanding the effects of their strategies, and help enable effective decision-making.


ContCont

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 the planning, monitoring and implementation of strategy .

MIS systems can also use these raw data to run simulations – hypothetical scenarios that 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 price would have on a product. These Decision Support Systems (DSS) enable more informed decision making within an enterprise than would be possible without MIS systems


http://www.bestpricecomputers.co.uk/glossary/data-recovery.htm

ContCont

Data Processing

Not only do MIS systems allow for the collation of vast amounts of business data, but they also provide a valuable time saving benefit to the workforce. Where in the past business information had to be manually processed for filing and analysis it can now be entered quickly and easily onto a computer by a data processor, allowing for faster decision making and quicker reflexes for the enterprise as a whole.


Management by Objectives Management by Objectives

While MIS systems are extremely useful in generating statistical reports and data analysis they can also be of use as a Management by Objectives (MBO) tool.

MBO is a management process by which managers and subordinates agree upon a series of objectives for the subordinate to attempt to achieve within a set time frame. Objectives are set using the SMART ratio: that is, objectives should be Specific, Measurable, Agreed, Realistic and Time-Specific.


Benefits of MIS Benefits of MIS

The field of MIS can deliver a great many benefits to enterprises in every industry. Expert organizations such as the Institute of MIS along with peer reviewed journals such as MIS Quarterly continue to find and report new ways to use MIS to achieve business objectives.


Core Competencies - Benefits ContCore Competencies - Benefits Cont

Every market leading enterprise will have at least one core competency – that is, a function they perform better than their competition. By building an exceptional management information system into the enterprise it is possible to push out ahead of the competition. MIS systems provide the tools necessary to gain a better understanding of the market as well as a better understanding of the enterprise itself


Enhance Supply Chain Management- ContEnhance Supply Chain Management- Cont

Improved reporting of business processes leads inevitably to a more streamlined production process. With better information on the production process comes the ability to improve the management of the supply chain, including everything from the sourcing of materials to the manufacturing and distribution of the finished product


MIS Career Outlook – GREAT!MIS Career Outlook – GREAT!

Five fastest growing occupations between 2004 and 2014 for individuals with a Bachelor's degree:

- Network systems & data communications analysts - Physician assistants - Computer software engineers, applications - Computer software engineers, systems software - Network and computer systems administrators


MIS Career Outlook – Pays well too!MIS Career Outlook – Pays well too!

Projected percent growth in occupations from 2004 to 2014

- Network systems & data communications analysts (54.6%) - Computer software engineers, applications (48.4%)- Computer software engineers, systems software (43%)- Network and computer systems administrators (38.4%)- Database administrators (38.2%)- Computer systems analyst (31.4%) These positions are ranked in the top 25% for median

earnings and are in the list of fastest growing jobs.


MIS CareersMIS Careers

What general careers are there in MIS?

Project Managers / CEO Systems Analysis and Design Software Design Internet Database Network / Telecommunications Technical Sales


Careers in MISCareers in MIS

What does it take to succeed?

SOFT SKILLS Communication Teamwork Patience Creativity Decision Making

TECHNICAL SKILLS Technical Curiosity Problem Solving Analytical Technological Knowledge Synthesis

BUSINESS SKILLS!


Essential Skills for Today’s COEssential Skills for Today’s CO


Characteristics of Successful MIS StudentsCharacteristics of Successful MIS Students

They truly enjoy technology

The top students have the initiative and drive

to learn things on their own

Many pursue MIS related jobs and

internships while in school

They understand non-MIS business classes

are just as important to their career success


MIS@PU – What can I do now?MIS@PU – What can I do now?

Get involved! (MIS)

Seek out technology-related jobs and/or

internships

Develop soft skills and technical skills

Use your computer to solve your own

problems

Explore technology certificationsCollege of Statistical & Actuarial Science

Questions?Questions?

Feel free to contact me if you have any questions about the MIS concentration

[email protected] ??


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MIS Lecture 1

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