Importance of MIS
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2. A Management Information system gives the business managers the
information that they need to make decisions.— This term is commonly used to refer to the
study of how individuals , groups , and organizations evaluate , design ,
implement , manage and utilize systems to generate information to improve
efficiency. — A Management Information System provides
information that organizations require to manage themselves efficiently and
effectively. —MIS : A DEFINITION 2
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3. A central database is the backbone of a well-built MIS.— Although the MIS is an integrated, complete
system, it should be made in such a flexible way that it could be easily split
into smaller sub-systems as and when required. — It should allow easy flow of information
through various sub-systems, thus avoiding redundancy and duplicity of data. It
should simplify the operations with as much practicability as possible. — It should create linkage between all
sub-systems within the organization, so that the decision makers can take the
right decision based on integrated view. — It should be able to make forecasts and
estimates, and generate advanced information, thus providing a competitive
advantage. Decision makers can take actions on the basis of such predictions. — It should also take care of exceptional
situations by reporting such situations. — It should be based on need of strategic,
operational and tactical information of managers of an organization. — It should be planned in a top-down way, as
the decision makers or the management should actively take part and provide
clear direction at the development stage of the MIS. — It should work as a complete and
comprehensive system covering all interconnecting sub-systems within the
organization. — It should provide a holistic view of the dynamics and structure
of the organization. — It should be based on a long-term planning. —Characteristics of MIS 3 Following are the
characteristics of an MIS:
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4. Before the concept of management information systems was
created , computer scientist was just programmer creating application for
science and math calculation to computer usage evolved in field of business and
data management ,software application were needed to process non scientific
data. Five phases in development of computing technology. i. Mainframe and
Minicomputers computing ii. Personal Computers iii. Client Server network iv.
Enterprise Computing v. Cloud Computing—History Of MIS s 4
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6. Era of liberalization an— MIS – a logical, well-structured method of
info collection, processing, and disseminating to decision-makers — Reliable, timely info – essential — Decision making (rational)– managerial
function —Importance of MIS 6 MIS – nerve center— Era of computers and IT —d globalization
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