A management information system (MIS) provides information that organizations require to manage themselves efficiently and effectively. Management information systems are typically computer systems used for managing. The five primary components: 1.) Hardware, 2.) Software, 3.) Data (information for decision making), 4.) Procedures (design,development and documentation), and 5.) People (individuals, groups, or organizations). Management information systems are distinct from other information systems because they are used to analyze and facilitate strategic and operational activities.
Academically, the 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 and effectiveness of decision making, including systems
termed decision support systems, expert systems, and executive information systems.
Most business schools (or colleges of business administration within
universities) have an MIS department, alongside departments of accounting, finance, management, marketing, and sometimes others, and grant degrees (at undergrad, masters, and PhD levels) in MIS.
A management information system gives the business managers the
information that they need to make decisions. Early business computers
were used for simple operations such as tracking inventory, billing,
sales, or payroll data, with little detail or structure (see EDP). Over time, these computer applications became more complex, hardware storage capacities grew, and technologies improved for connecting previously isolated applications.
As more data was stored and linked, managers sought greater abstraction
as well as greater detail with the aim of creating significant
management reports from the raw, stored data. Originally, the term
Management Information System "MIS" described applications providing
managers with information about sales, inventories, and other data that
would help in managing the enterprise. Over time, the term broadened to
include: decision support systems, resource management and human resource management, enterprise resource planning (ERP), enterprise performance management (EPM), supply chain management (SCM), customer relationship management (CRM), project management and database retrieval applications.
Management information systems provide a variety of information
products to managers. Periodic Scheduled Reports are a traditional form
of providing information to managers via a specified format designed to
provide managers with information on a regular basis. Exception Reports
are produced only when exceptional conditions occur. Exception reporting
reduces information overload instead of overwhelming decision makers
with periodic detailed reports of business activity. Demand Reports and
Responses are available when the managers require immediate access to
vital information. Web browsers, DBMS query languages, and report
generators enable managers to get this information and not force them to
wait for periodic detailed reports of business activity. Push Reporting
is information that is pushed directly to the manager’s respective
networked workstation. Webcasting software is being more frequently
utilized to broadcast selective reports and other vital information.
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