ENTREPRENEUR AND INFORMATION SYSTEM TECHNOLOGY [Management Information Systems]

MANAGEMENT INFORMATION SYSTEM [MIS]

Management means optimisation use of resources. Information means process data that is required by the user system is interdependent and inter-related compliments that perform to achieve a common data information system is the vital component for successful business on organization. It is called as information technology. Information technology includes internet based information system which helps in expanding a business. It helps in all levels of business for making decision.

Information system can be any organise combination of people, hardware, software, communication networks and data resources that stores and retective, transform information in an organization.

Management information system os defined as a system which provides information support for decision making in the organization.

MIS is defined as an interdegreting system of man and machine for providing the information to support the operation the management and decision making function in an organization.


Reasons For Information Technology. 

•  Support business process and operation in day to day activities. 

•  Helps in making decision and other business professions and managers. 

•  It supports competitive advantage by providing information to the top level for strategy planning.

Information System Is A Framework Of Business. 

1. Foundation Concept :- It includes basic information system use to development business application information technology for making decision. 

2. Information Technology :- It includes major concept development and managerial issues in information system. 

3. Business Application :- It includes operation management and competitive advantage of a business. Information technology is a functional area of business such as marketing manufacturing and accounting. 

4. Development Process :- It includes how business profession and information specialist development and impliment information system to meet business opportunity. 

5. Management Challenge :- The challenge of effectively and ethically managing technology and the end uses, enterprise and local level of business security should be provided at the all level of business. 

6. Customer Relationship Management :- ERP -> Enterprise Resource Program SAP and many other soft or application are used to automates the system.

Roles Of MIS 

It is a major part of the organization. The system collect the data form various sources. Process it and provide to be desire part or the level of the business. It provide or fullfils all information needs of an individual group or department of the business. We can say the MIS is the blood of the organization at operational level it provides operational data for planning, scheduling and controlling and help them in decision making. For middle level management it helps in making planning target setting and controlling business function. For top management it helps in goal setting, strategic, planning and involving business plans and their implementation. There MIS plays a vutal role in management administration and operational part of an organization.

Impact Of MIS 

With good MIS support the management of a marketing, financing, production will work efficiently. 

• It helps to keep track and control the target to be achieved. 

• The functional manager's are informed about the process, achievement and that falls in the activities and the target. 

• They are always alert to handle future problems in various aspects of business. 

• It helps in forecasting and long term planning the manager attention it brought to a situation which is exception in nature so that he can take action against it. 

The information reporting system creates a database which can be used in any forms in future.

Strategic Planning Of MIS 

Strategic planning is one specific type of planning that helps in planning how to achieve target and how can we use avail resources. Strategy are the major plans that commit large amount of organization resources to propose action.

2 Types Of Strategic Planning 

1. LONG TERM STRATEGIC PLANNING 

2. SHORT TERM STRATEGIC PLANNING

Long Term Strategic Planning includes environment strength and weakness of the organization, mission, goals and business strategy. 

Short Term Strategic Planning includes goals and objectives, shirt range business quotas, operational budget, sales and production, services, indirect expense, capital expenses, direct expenses manufacturing budget and financial over heads.

Advantages Of Strategic Planning Using MIS.

1. It gives the manager a clear idea about the achievement of target. 

2. It allocate resources to the manager for the given task. 

3. It provides information to the manager on the performance. 

4. It access the manager for long range goals and short range targets. 

5. It provides an efficient tool to co-ordination all the efforts within the organization.

Importance Of MIS 

Computers and information system have become on essential port of every business to provide timely, accurate and updated information, which helps in smooth functioning of business as well as making decision making process. 

Wether is small or large process updated information is required for large business. Every business require information to collect process or store data to make reports.

MIS Helps In Following Ways :- 

MIS refers to the computer base sytem that provides manager with the tool to organize evaluate and efficiently manage business operations. 

• MIS is a computerized database of financial information which is organized in such a way that every level os business can use it easily. 

• It helps to take decision an information is easily available. 

• It helps in smooth functioning of business. 

• As business has multiply departments and system sich as Financial, HR, Marketing, Production, Department, Sales system, Training system. It provide help in all the departments by providing updated information. 

• In a competitive business upto data information is required for developing strategies in all aspects of business so MIS ends in providing upto data information. 

• MIS helps in entrainment of goals and objectives MIS helps in finding the strength of business. MIS simplifies the process and unable to get the information related to various aspects of business.

Limitations Of MIS

Even through MIS has many beenefits it has its own limiations. 

• MIS is consider a solution of every business problem but it is unable to handle critical problem. 

• MIS is as good as its user. It depend upon the user how he handles the information and use it. 

• A technical process is required for use MIS software. 

• A training should be given to the users. 

• MIS is expensive. 

• If data is not updated on regular basis it will create a garbage.