Management information system
Information is a great
resource for every organization. Information is a key for important decisions
in business organizations. In this complicated business environment,
information to the management is very important. Large number of information in
the organisation help make correct decisions. Management information system
helps to effective decision making for management.
MIS is a system used to
identify the information needs collect and transform data into useful
information that support management for decision making. it is a set of people,
procedures, and resources that collect, transform, and disseminate information
in an organisation.
Importance
- management
oriented process
- integrating
all systems
- help
to make plans
- help
to achieve control
- get
latest information to management
- greater
accuracy on information
- fulfillment
of statuary obligation
- help
in decision making
- help
in strategic planning
- help
to practice management by exception
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