Management Information Systems

BACKGROUND

Management Information System is an old management tool, which has been long used by people for better management and scientific decision making.

Management Information System is mainly dependent upon information, which is a vital ingredient of any Management Information System. Information is the most critical resource of Management Information System.

There are so many factors responsible for enhancing the importance of Management Information System such as:

Dynamic and competitive nature of market place.

Globalization of resources / economy.

Increasing complexities of business organization.

The information revolution.

Management Information Systems

MEANING OF MANAGEMENT INFORMATION SYSTEM

M – which stands for Management.

I – which stands for Information.

S – which Stands for System.

With the help of these 3 letters we can make a number of combination, namely;

MI – Management Information means information regarding management.

MS – Management System means the basic structure of the management like the hierarchical order of management.

IS – Information System, which provides information.

SM – System Management means how to manage a system whether it is a business organization, computer system etc.

SI – System Information means the information regarding the system like what are the different parts of a system, how they relate to each other etc.

IM – Information Management means how to manage a particular information.

MIS – Management Information System

“Management Information system is an integrated man / machine system for providing information to support the operations, management and decision making functions in an organization.” Here the system utilizes hardware, software, manual procedures, management decision model and data base.

Management Information Systems

CHARACTERISTICS OF MIS

• Management-oriented

• Management directed

• Integrated

• Common data flows

• Heavy planning-element

• Sub system concept

• Common data base

• Computerized

• User friendly / Flexibility

• Information as a resource

Management Information Systems

MYTHS REGARDING MANAGEMENT INFORMATION SYSTEM

There are certain myths or misleading thinking about MIS in the minds of people and these myths should be clarified with some logic. Some of them are as follows.

The study of Management Information System is about the use of computer

More data in reports means more information for managers

Accuracy in reporting is of vital importance

Management Information Systems

MANAGEMENT INFORMATION SYSTEM DEVELOPMENT PROCESS

Management Information Systems

Management Information Systems (MIS)

Management Information Systems

The Four Major Types of Information Systems

Management Information Systems

Introduction to Decision support System

Definition

Decision Support Systems (DSS) are a specific class of computerized information system that supports business and organizational decision-making activities. A properly-designed DSS is an interactive software-based system intended to help decision makers compile useful information from raw data, documents, personal knowledge, and/or business models to identify and solve problems and make decisions.

Management Information Systems

Difference Between MIS & DSS

DSS, many consider, is an advancement from the original MIS.

DSS, as the term indicates, is about leadership and senior management in an organization providing good, reliable judgment as well as vision. MIS, on the other hand, is about focusing on the actual flow of information itself.

Management Information Systems

Component of DSS

Management Information Systems

BENEFITS OF MANAGEMENT INFORMATION SYSTEM

It provides timely, accurate, scientific, reliable and permanent information

It avoids duplication of efforts

Coordinates the whole organization

It provides the information in form and formats as required by the information seeker

It helps in making better and scientific decisions by the management

Speed of processing and fast retrieval of data is possible

The scope for the use of information system has expanded.

Management Information Systems

LIMITATION OF MANAGEMENT INFORMATION SYSTEM

The quality of the operation of MIS depends on the quality of input process

MIS is not a substitute for effective management

MIS may not have requisite flexibility to quickly update itself

MIS can not provide information for every type of decision made

MIS takes into account only quantitative factors

MIS is not successful where secrecy is maintained in disseminating information

The effectiveness of MIS is also affected in case of a change in the top management, organizational structure and operational team

Management Information Systems

ROLE OF MANAGEMENT INFORMATION SYSTEM