This document discusses management information systems (MIS). It provides definitions of MIS from various authors that describe MIS as an integrated user-machine system that provides information to support decision-making. MIS aims to provide the right information to the right person at the right time. It discusses how MIS utilizes computers, software, databases and procedures to transform data into useful reports. MIS helps improve decision-making and organizational effectiveness.
The document discusses the importance of information and information systems for gaining competitive advantage. It states that the efficiency of managing information determines business success today. It also describes several competitive forces that shape businesses and generic strategies like low-cost leadership, product differentiation, and strengthening customer intimacy that can be enabled through information systems.
MIS systems are used extensively by KFC outlets to integrate computer systems with business objectives. Each KFC uses MIS for accounting, production tracking, and formulating useful HR policies. MIS systems collate large amounts of business data into coherent reports that help decision-makers identify patterns, simulate scenarios, and make more informed decisions. This allows KFC management to capture sales information, access product information easily, and produce reports to compare performance.
Management information systems (MIS) provide managers with tools to efficiently organize and evaluate departments within an organization. An MIS includes software, databases, hardware, decision support systems, and computerized processes that help managers make decisions and run departments effectively. The main goals of an MIS are to provide accurate and timely information to support decision-making, planning, control, and overall operations. Digital firms have enabled core business relationships through digital networks and technology platforms, allowing them to operate more efficiently on a global scale and adapt quickly to market changes.
Management information systems (MIS) provide managers with tools to efficiently organize and evaluate departments within an organization. An MIS includes software, databases, hardware, decision support systems, and computerized processes that help managers make decisions and run departments effectively. The main goals of an MIS are to provide accurate and timely information to support decision-making, planning, control, and overall operations. Digital firms have enabled core business relationships through digital networks and technology platforms, allowing them to operate more efficiently on a global scale and adapt quickly to market changes.
Management Information Systems (MIS) are integrated systems that provide information to support decision-making and operations management in organizations. An MIS captures, processes, stores, and disseminates data to support decision-making at all levels of management. It uses a systems approach and focuses on meeting the information needs of managers. Characteristics of an effective MIS include being management-oriented, need-based, integrated, and future-oriented. An MIS helps improve decision-making, coordination, efficiency, and strategic planning.
This document provides information on becoming a data-driven business, including recognizing opportunities where big data can benefit a company. It discusses integrating big data by identifying opportunities, building future capability scenarios, and defining benefits and roadmaps. It also outlines six data business models: product innovators, system innovators, data providers, data brokers, value chain integrators, and delivery network collaborators. An example is given for each model.
This document discusses factors affecting the growth and development of management information systems (MIS) in organizations. It identifies internal factors like past experience with technology and organizational characteristics, as well as external factors like industry-level technology and national policies. It also outlines common approaches to MIS like the systems development life cycle (SDLC) and prototyping. Finally, it lists essential requirements for an effective MIS, such as qualified staff, management support, a common database, and control/maintenance.
The document discusses the importance of information and information systems for gaining competitive advantage. It states that the efficiency of managing information determines business success today. It also describes several competitive forces that shape businesses and generic strategies like low-cost leadership, product differentiation, and strengthening customer intimacy that can be enabled through information systems.
MIS systems are used extensively by KFC outlets to integrate computer systems with business objectives. Each KFC uses MIS for accounting, production tracking, and formulating useful HR policies. MIS systems collate large amounts of business data into coherent reports that help decision-makers identify patterns, simulate scenarios, and make more informed decisions. This allows KFC management to capture sales information, access product information easily, and produce reports to compare performance.
Management information systems (MIS) provide managers with tools to efficiently organize and evaluate departments within an organization. An MIS includes software, databases, hardware, decision support systems, and computerized processes that help managers make decisions and run departments effectively. The main goals of an MIS are to provide accurate and timely information to support decision-making, planning, control, and overall operations. Digital firms have enabled core business relationships through digital networks and technology platforms, allowing them to operate more efficiently on a global scale and adapt quickly to market changes.
Management information systems (MIS) provide managers with tools to efficiently organize and evaluate departments within an organization. An MIS includes software, databases, hardware, decision support systems, and computerized processes that help managers make decisions and run departments effectively. The main goals of an MIS are to provide accurate and timely information to support decision-making, planning, control, and overall operations. Digital firms have enabled core business relationships through digital networks and technology platforms, allowing them to operate more efficiently on a global scale and adapt quickly to market changes.
Management Information Systems (MIS) are integrated systems that provide information to support decision-making and operations management in organizations. An MIS captures, processes, stores, and disseminates data to support decision-making at all levels of management. It uses a systems approach and focuses on meeting the information needs of managers. Characteristics of an effective MIS include being management-oriented, need-based, integrated, and future-oriented. An MIS helps improve decision-making, coordination, efficiency, and strategic planning.
This document provides information on becoming a data-driven business, including recognizing opportunities where big data can benefit a company. It discusses integrating big data by identifying opportunities, building future capability scenarios, and defining benefits and roadmaps. It also outlines six data business models: product innovators, system innovators, data providers, data brokers, value chain integrators, and delivery network collaborators. An example is given for each model.
This document discusses factors affecting the growth and development of management information systems (MIS) in organizations. It identifies internal factors like past experience with technology and organizational characteristics, as well as external factors like industry-level technology and national policies. It also outlines common approaches to MIS like the systems development life cycle (SDLC) and prototyping. Finally, it lists essential requirements for an effective MIS, such as qualified staff, management support, a common database, and control/maintenance.
This document provides an overview of accounting information systems. It begins by defining key terms like accounting, information, systems, and accounting information systems. It distinguishes data from information and identifies characteristics of useful information. It explains how an organization determines the value of information by comparing benefits to costs. The document describes how an accounting information system adds value through its six components: people, procedures, data, software, technology infrastructure, and controls. It provides reasons for studying accounting information systems and how they are impacted by and impact organizational culture, strategy, and information technology.
MIS is a system that provides the right information to the right person at the right time through an integrated system combining human and computer resources. It transforms data into reports to facilitate decision-making. MIS is necessary due to increased business complexity and helps managers make qualitative decisions. It provides accurate and timely information at lowest cost to support management activities. Contemporary MIS approaches include technical, behavioral, and socio-technical. Information is now a strategic resource and companies can gain competitive advantage by exploiting information to change industry structures, create new businesses, and develop new ways of doing things. MIS enables organizational change by facilitating flexibility to respond to changing markets, technology, customers and help accelerate work restructuring.
Information Systems in Business Today.pptxRoshni814224
The document discusses different types of information systems including executive information systems, business information systems, and functional information systems. It provides details on executive information systems, marketing information systems, manufacturing information systems, and the benefits these systems provide to organizations.
This document summarizes the findings of a study on how information systems increase the efficiency of business organizations. It surveyed two garment companies in Bangladesh - Lusaka Group and Esquire Knit Composite. The study found that implementing information systems provided benefits like supporting decision making, reducing costs, and helping achieve organizational goals. It allowed the companies to better manage supply chains, customers, and strategic planning. While information systems provide advantages, they can also cause issues like unemployment. The study concluded that information systems, when properly implemented, help businesses effectively plan, execute strategies and increase profits.
Introduction to management information system in costingomkarbhujbal6
The document provides an introduction to management information systems (MIS) in costing. It defines MIS as a process that provides information to manage an organization effectively. The key components of an MIS are management, information, and systems. An MIS captures, processes, stores, retrieves, and disseminates data to support management decision making. Developing an accurate cost management system is an important objective of integrating MIS into an organization's processes. The conceptual design of an MIS involves process, logical, and physical models to map how information flows through the system.
Management: The organization and coordination of the activities of a business in order to achieve defined objectives.
Information: It is that which informs, i.e. an answer to a question, as well as that from which knowledge and data can be derived.
System: A set of detailed methods, procedures and routines created to carry out a specific activity, perform a duty, or solve a problem.
Management Information System: It broadly refers to a computer-based system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization.
1. Define key performance indicators linked to strategy, such as market share, revenue, and profitability by country and product.
2. Implement a centralized MIS system using online and mobile reporting tools to provide transparent access to metrics across locations.
3. Establish processes for consistently capturing, analyzing, and reporting performance data from all business units to enable benchmarking and informed decision-making.
The document discusses key aspects of management information systems (MIS), including:
1) Factors that influence the growth and development of MIS, such as organizational characteristics, strategy, and external industry and national policies.
2) Common approaches to developing MIS, including the systems development life cycle (SDLC) and prototyping.
3) Essential requirements for an effective MIS, including qualified staff with both technical and management expertise, a futuristic perspective, support from top management, a common database, and proper control and maintenance.
Organizations use information systems to gain competitive advantages in several ways:
1) Information systems can help lower costs through efficiencies like inventory management (e.g. Walmart) or reduce transaction costs (e.g. Dell's customization).
2) Systems can enable product differentiation, like Google's continuous innovations or Apple's customized iPhone.
3) Niche strategies using systems include Hilton Hotels' customer profiling to better serve specific markets.
4) Strengthening relationships is another approach, like Chrysler's supplier integration system.
This document discusses how business intelligence can benefit financial institutions. It defines business intelligence and describes how it involves collecting and analyzing data to improve business decisions. It then provides examples of how business intelligence can help various parts of the financial industry, including retail banking, insurance, and investment banking, by identifying profitable customers, optimizing marketing, reducing costs and risks, and improving customer service.
This document discusses business intelligence (BI) in financial institutions. It defines BI as gathering meaningful information to help with analysis and conclusions. An ideal BI system gives employees easy access to needed information and the ability to analyze and share it. The document contrasts traditional reporting with BI and analytic applications. It also discusses identifying BI opportunities by evaluating where it could improve decision making. The benefits of BI include improved operational and strategic decisions from timely information. The document outlines the layers of a BI infrastructure from operational data to delivering intelligence to users.
Report on strategic rules of Information System for changing the bases of com...Md. Khukan Miah
Achieving advantages requires broad IS management and user dialogue plus imagination. The process is complicated by the fact that many IS products are strategic though the potential benefits are very subjective and not easily verified. Often a strict ROI focus by senior management may turn attention toward narrow, well-defined targets as opposed to broader strategic opportunities that are harder to analyze.
Major challenges of information systems include: 1) addressing globalization needs, 2) designing effective information architectures, and 3) maximizing the benefits of technology competitively. Management information systems aim to provide managers with historical data to aid planning and control decisions. They systematically collect and organize data to transform it into useful information for management. However, information systems also face limitations such as inability to replace human judgment and decreased effectiveness over time.
Managers face many challenges in managing information systems as organizations and systems continuously change. First-order effects are direct outcomes of a new system while second-order effects are indirect outcomes. Whether a system is successful depends on factors like the organization's competitive environment, culture, structure, processes, and existing IT infrastructure. Privacy is important for individuals in organizations because electronic monitoring can track sensitive personal data like internet usage, medical information, and physical movements. Organizations should consider balancing oversight with employees' reasonable expectations of privacy.
This presentation is about managment and how it is affect the whole organization in a good way or bad way. I've made a small research about Toyota company and how they've applied the six business objectives.
This presentation was one of the requirements of MIS203 course in Yanbu University College.
Applying Information System to the Marketing ResearchAsif Mustafa
1. A marketing information system consists of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute timely and accurate information to marketing decision makers.
2. Some benefits of a marketing information system include enabling information sharing, collaborating with customers, and predicting consumer trends through sales analysis.
3. Applications of a marketing information system to marketing research include digital surveys, databases, decision support systems, and competitive intelligence to collect and analyze information.
The document discusses the growth and development of management information systems (MIS). It describes a six stage model of MIS growth in organizations proposed by Nolan, from the initial initiation stage to a final maturity stage. Key factors responsible for MIS development are also outlined, including external factors like industry trends and internal factors such as organizational characteristics and strategy. Major challenges for MIS include issues around information quantity, analysis, availability, accuracy, and security. The concepts of MIS are defined as integrating computers, databases, decision-making, and the external environment. Finally, the historical development of MIS is reviewed from early transaction processing systems to modern knowledge and decision support systems.
The document provides an overview of management information systems (MIS). It discusses key topics such as:
1. The definition and purpose of MIS, which is to provide managers with reports and displays of information to support decision-making.
2. The major components of an MIS including hardware, software, databases, procedures, and personnel.
3. The functions of an MIS such as collecting data, storing and processing it, and presenting information to managers.
4. The types of MIS like executive information systems, marketing information systems, business intelligence systems, and transaction processing systems.
So in summary, the document defines MIS and discusses its purpose, components, functions, and types to provide managers with the
The document discusses information governance, including its definition, why it is important, who is responsible, and how to implement it. Specifically, it notes that information governance aims to manage information at an enterprise level to support regulatory, risk, and operational requirements. It discusses building a valued information asset, reducing costs and increasing revenue, and optimizing resource use as benefits. Ownership resides with the business, with a governance unit providing authority and control. The "how" section outlines scoping information governance, moving from a current fragmented state to a future state of alignment. It provides examples of projects, maturity models, and next steps to implement information governance.
This document provides an overview of accounting information systems. It begins by defining key terms like accounting, information, systems, and accounting information systems. It distinguishes data from information and identifies characteristics of useful information. It explains how an organization determines the value of information by comparing benefits to costs. The document describes how an accounting information system adds value through its six components: people, procedures, data, software, technology infrastructure, and controls. It provides reasons for studying accounting information systems and how they are impacted by and impact organizational culture, strategy, and information technology.
MIS is a system that provides the right information to the right person at the right time through an integrated system combining human and computer resources. It transforms data into reports to facilitate decision-making. MIS is necessary due to increased business complexity and helps managers make qualitative decisions. It provides accurate and timely information at lowest cost to support management activities. Contemporary MIS approaches include technical, behavioral, and socio-technical. Information is now a strategic resource and companies can gain competitive advantage by exploiting information to change industry structures, create new businesses, and develop new ways of doing things. MIS enables organizational change by facilitating flexibility to respond to changing markets, technology, customers and help accelerate work restructuring.
Information Systems in Business Today.pptxRoshni814224
The document discusses different types of information systems including executive information systems, business information systems, and functional information systems. It provides details on executive information systems, marketing information systems, manufacturing information systems, and the benefits these systems provide to organizations.
This document summarizes the findings of a study on how information systems increase the efficiency of business organizations. It surveyed two garment companies in Bangladesh - Lusaka Group and Esquire Knit Composite. The study found that implementing information systems provided benefits like supporting decision making, reducing costs, and helping achieve organizational goals. It allowed the companies to better manage supply chains, customers, and strategic planning. While information systems provide advantages, they can also cause issues like unemployment. The study concluded that information systems, when properly implemented, help businesses effectively plan, execute strategies and increase profits.
Introduction to management information system in costingomkarbhujbal6
The document provides an introduction to management information systems (MIS) in costing. It defines MIS as a process that provides information to manage an organization effectively. The key components of an MIS are management, information, and systems. An MIS captures, processes, stores, retrieves, and disseminates data to support management decision making. Developing an accurate cost management system is an important objective of integrating MIS into an organization's processes. The conceptual design of an MIS involves process, logical, and physical models to map how information flows through the system.
Management: The organization and coordination of the activities of a business in order to achieve defined objectives.
Information: It is that which informs, i.e. an answer to a question, as well as that from which knowledge and data can be derived.
System: A set of detailed methods, procedures and routines created to carry out a specific activity, perform a duty, or solve a problem.
Management Information System: It broadly refers to a computer-based system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization.
1. Define key performance indicators linked to strategy, such as market share, revenue, and profitability by country and product.
2. Implement a centralized MIS system using online and mobile reporting tools to provide transparent access to metrics across locations.
3. Establish processes for consistently capturing, analyzing, and reporting performance data from all business units to enable benchmarking and informed decision-making.
The document discusses key aspects of management information systems (MIS), including:
1) Factors that influence the growth and development of MIS, such as organizational characteristics, strategy, and external industry and national policies.
2) Common approaches to developing MIS, including the systems development life cycle (SDLC) and prototyping.
3) Essential requirements for an effective MIS, including qualified staff with both technical and management expertise, a futuristic perspective, support from top management, a common database, and proper control and maintenance.
Organizations use information systems to gain competitive advantages in several ways:
1) Information systems can help lower costs through efficiencies like inventory management (e.g. Walmart) or reduce transaction costs (e.g. Dell's customization).
2) Systems can enable product differentiation, like Google's continuous innovations or Apple's customized iPhone.
3) Niche strategies using systems include Hilton Hotels' customer profiling to better serve specific markets.
4) Strengthening relationships is another approach, like Chrysler's supplier integration system.
This document discusses how business intelligence can benefit financial institutions. It defines business intelligence and describes how it involves collecting and analyzing data to improve business decisions. It then provides examples of how business intelligence can help various parts of the financial industry, including retail banking, insurance, and investment banking, by identifying profitable customers, optimizing marketing, reducing costs and risks, and improving customer service.
This document discusses business intelligence (BI) in financial institutions. It defines BI as gathering meaningful information to help with analysis and conclusions. An ideal BI system gives employees easy access to needed information and the ability to analyze and share it. The document contrasts traditional reporting with BI and analytic applications. It also discusses identifying BI opportunities by evaluating where it could improve decision making. The benefits of BI include improved operational and strategic decisions from timely information. The document outlines the layers of a BI infrastructure from operational data to delivering intelligence to users.
Report on strategic rules of Information System for changing the bases of com...Md. Khukan Miah
Achieving advantages requires broad IS management and user dialogue plus imagination. The process is complicated by the fact that many IS products are strategic though the potential benefits are very subjective and not easily verified. Often a strict ROI focus by senior management may turn attention toward narrow, well-defined targets as opposed to broader strategic opportunities that are harder to analyze.
Major challenges of information systems include: 1) addressing globalization needs, 2) designing effective information architectures, and 3) maximizing the benefits of technology competitively. Management information systems aim to provide managers with historical data to aid planning and control decisions. They systematically collect and organize data to transform it into useful information for management. However, information systems also face limitations such as inability to replace human judgment and decreased effectiveness over time.
Managers face many challenges in managing information systems as organizations and systems continuously change. First-order effects are direct outcomes of a new system while second-order effects are indirect outcomes. Whether a system is successful depends on factors like the organization's competitive environment, culture, structure, processes, and existing IT infrastructure. Privacy is important for individuals in organizations because electronic monitoring can track sensitive personal data like internet usage, medical information, and physical movements. Organizations should consider balancing oversight with employees' reasonable expectations of privacy.
This presentation is about managment and how it is affect the whole organization in a good way or bad way. I've made a small research about Toyota company and how they've applied the six business objectives.
This presentation was one of the requirements of MIS203 course in Yanbu University College.
Applying Information System to the Marketing ResearchAsif Mustafa
1. A marketing information system consists of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute timely and accurate information to marketing decision makers.
2. Some benefits of a marketing information system include enabling information sharing, collaborating with customers, and predicting consumer trends through sales analysis.
3. Applications of a marketing information system to marketing research include digital surveys, databases, decision support systems, and competitive intelligence to collect and analyze information.
The document discusses the growth and development of management information systems (MIS). It describes a six stage model of MIS growth in organizations proposed by Nolan, from the initial initiation stage to a final maturity stage. Key factors responsible for MIS development are also outlined, including external factors like industry trends and internal factors such as organizational characteristics and strategy. Major challenges for MIS include issues around information quantity, analysis, availability, accuracy, and security. The concepts of MIS are defined as integrating computers, databases, decision-making, and the external environment. Finally, the historical development of MIS is reviewed from early transaction processing systems to modern knowledge and decision support systems.
The document provides an overview of management information systems (MIS). It discusses key topics such as:
1. The definition and purpose of MIS, which is to provide managers with reports and displays of information to support decision-making.
2. The major components of an MIS including hardware, software, databases, procedures, and personnel.
3. The functions of an MIS such as collecting data, storing and processing it, and presenting information to managers.
4. The types of MIS like executive information systems, marketing information systems, business intelligence systems, and transaction processing systems.
So in summary, the document defines MIS and discusses its purpose, components, functions, and types to provide managers with the
The document discusses information governance, including its definition, why it is important, who is responsible, and how to implement it. Specifically, it notes that information governance aims to manage information at an enterprise level to support regulatory, risk, and operational requirements. It discusses building a valued information asset, reducing costs and increasing revenue, and optimizing resource use as benefits. Ownership resides with the business, with a governance unit providing authority and control. The "how" section outlines scoping information governance, moving from a current fragmented state to a future state of alignment. It provides examples of projects, maturity models, and next steps to implement information governance.
Optimizing Feldera: Integrating Advanced UDFs and Enhanced SQL Functionality ...mparmparousiskostas
This report explores our contributions to the Feldera Continuous Analytics Platform, aimed at enhancing its real-time data processing capabilities. Our primary advancements include the integration of advanced User-Defined Functions (UDFs) and the enhancement of SQL functionality. Specifically, we introduced Rust-based UDFs for high-performance data transformations and extended SQL to support inline table queries and aggregate functions within INSERT INTO statements. These developments significantly improve Feldera’s ability to handle complex data manipulations and transformations, making it a more versatile and powerful tool for real-time analytics. Through these enhancements, Feldera is now better equipped to support sophisticated continuous data processing needs, enabling users to execute complex analytics with greater efficiency and flexibility.
Discovering Digital Process Twins for What-if Analysis: a Process Mining Appr...Marlon Dumas
This webinar discusses the limitations of traditional approaches for business process simulation based on had-crafted model with restrictive assumptions. It shows how process mining techniques can be assembled together to discover high-fidelity digital twins of end-to-end processes from event data.
Discover the cutting-edge telemetry solution implemented for Alan Wake 2 by Remedy Entertainment in collaboration with AWS. This comprehensive presentation dives into our objectives, detailing how we utilized advanced analytics to drive gameplay improvements and player engagement.
Key highlights include:
Primary Goals: Implementing gameplay and technical telemetry to capture detailed player behavior and game performance data, fostering data-driven decision-making.
Tech Stack: Leveraging AWS services such as EKS for hosting, WAF for security, Karpenter for instance optimization, S3 for data storage, and OpenTelemetry Collector for data collection. EventBridge and Lambda were used for data compression, while Glue ETL and Athena facilitated data transformation and preparation.
Data Utilization: Transforming raw data into actionable insights with technologies like Glue ETL (PySpark scripts), Glue Crawler, and Athena, culminating in detailed visualizations with Tableau.
Achievements: Successfully managing 700 million to 1 billion events per month at a cost-effective rate, with significant savings compared to commercial solutions. This approach has enabled simplified scaling and substantial improvements in game design, reducing player churn through targeted adjustments.
Community Engagement: Enhanced ability to engage with player communities by leveraging precise data insights, despite having a small community management team.
This presentation is an invaluable resource for professionals in game development, data analytics, and cloud computing, offering insights into how telemetry and analytics can revolutionize player experience and game performance optimization.
06-18-2024-Princeton Meetup-Introduction to MilvusTimothy Spann
06-18-2024-Princeton Meetup-Introduction to Milvus
tim.spann@zilliz.com
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Expand LLMs' knowledge by incorporating external data sources into LLMs and your AI applications.
202406 - Cape Town Snowflake User Group - LLM & RAG.pdfDouglas Day
Content from the July 2024 Cape Town Snowflake User Group focusing on Large Language Model (LLM) functions in Snowflake Cortex. Topics include:
Prompt Engineering.
Vector Data Types and Vector Functions.
Implementing a Retrieval
Augmented Generation (RAG) Solution within Snowflake
Dive into the details of how to leverage these advanced features without leaving the Snowflake environment.
2. MIS – Management Information System
• MIS orientation means users have access to decision models and
methods for querying the database on an ad hoc basis; the database
is also an essential part of routine transaction processing and
reporting.
• In MIS, information is utilized to improve decision-making and
achieve improved organizational effectiveness
3. CONCEPT OF MIS
• MIS is the system, which makes available the right information to the
right person, at the right place, at the right time, in the right form and
at the right cost.
• According to Gordon Bitter Davis and Margrethe H. Olson, “MIS is an
integrated user-machine system for providing information to support
operations, management and decision-making functions in an
organization. The system utilizes computer hardware and software,
manual procedures/models for analysis, planning, control and
decision-making and database.”
4. CONCEPT OF MIS
• Kelly has defined MIS as “a combination of human and computer-
based resources, which result in collection, storage, retrieval,
communication and use of data for the purpose of efficient
management of operations and for business planning”.
• According to Henry C. Lucas, “MIS is a set of organized procedures
which when executed provide information to support decision-
making.”
5. CONCEPT OF MIS
• MIS is an integrated system, which transforms the data (inputs) into
reports (outputs) for facilitating decision-making through processing
and using various components of the information system, viz.,
hardware, software, database, procedures and personnel.
6. A formal MIS system should be able to take care of the following
functions:
● Handling of voluminous data.
● Confirmation of the validity of data and transaction.
● Complex processing of data and multidimensional analysis, quick
search and retrieval.
● Mass storage.
● Communication of the information to the user on time.
● Fulfilling the changing needs of information.
The management information system uses computers and
communication technology to deal with the above-mentioned
functions.
7.
8. ROLE OF MIS
• MIS has become necessary due to increased business and
management complexities. These complexities demand not only
quantitative but also qualitative decision-making.
• A good manager/decision-maker is one who minimizes, if not
eliminates altogether, the elements of risk and uncertainty in
decision-making. MIS is helpful in doing precisely this.
• Hence, MIS is required to enable managers to take qualitative
decisions and ensure success for their respective organisations. MIS
also enables the managers to minimise the element of surprise.
9. ROLE OF MIS
• MIS enables decision-makers to come out with appropriate response
to a business situation.
• Thus, MIS enables decision-makers to give either a re-active or a
proactive response. As the decisions are also futuristic, MIS facilitates
pro-active decision making − it enables the managers/organisations to
be ready for tomorrow.
15. CBIS
• Computer-Based Information System (CBIS) is essentially a system of
information using computer technology to carry out some or all of its
planned tasks. Below is a list of the basic components of computer-
based information system.
The first four are known as information technology components:
● Hardware: These are the devices like the monitor, processor, printer
and keyboard, all of which work together to accept, process, show data
and information.
● Software: These are the programs, which allow the hardware to
process the data.
16. CBIS
● Database: It is the gathering of associated files or tables containing
related data.
● Network: It is a connecting system, which allows diverse computers
to distribute resources.
● Procedures: These are the commands for combining the components
above to process information and produce the preferred output.
17.
18.
19.
20. Pre-requisites of MIS
The pre-requisites of MIS are as follows:
• Should be a unified system.
• Should support/facilitate decisions.
• Should be compatible with the organisation’s structure and culture.
• Should have user-involvement and user-orientation.
• Should be cost-effective/beneficial.
• Should use the principle of selectivity and control by exception.
21. Pre-requisites of MIS contd.
• Should be responsive to changes around and within the organisation.
• Should be speedy and accurate.
• Should provide validated and valid information.
• Should be “Management” and not “Manipulated” Information
System.
22. INFORMATION AS A STRATEGIC RESOURCE
1. What business the organisation should be in?
2. What existing business activities should be spun off?
3. What new activities should be undertaken?
4. How to protect/insure the organisation from business cycles/business
swings?
5. What are the competitors doing and can do, as revealed by their current
strategy?
6. What drives the competitors, as shown by their future objectives?
7. What do the competitors believe about themselves and the industry, as
shown by their assumptions?
8. What are the competitors’ capabilities?
23. • Information about the aforesaid issues would help an organisation prepare
an anticipated “response profile” of each competitor, covering the
following aspects:
1. What will the competitors do in the future?
2. Where does the organisation hold an advantage over its competitors?
3. How will this change the organisation’s relationship with its competitors?
• All these questions can be answered by undertaking competitor analysis or
resorting to competitive intelligence or business intelligence.
24. PORTER-MILLAR POSTULATES
According to Michael E. Porter and Victor E. Millar, Information
Technology affects competition in three vital ways:
1. It changes industry structure, and in so doing, alters the rule of
competitions.
2. It spawns whole new business, often from within the company’s
existing operations.
3. It creates competitive advantage by giving companies new ways to
outperform their rivals.
25. Changes in industry structure:
According to Porter and Millar, the structure of an industry is embodied
in five competitive forces that collectively determine the industry
profitability. They are:
• Bargaining power of customers
• Bargaining power of suppliers
• Threat of new entrants in the firm’s market
• Pressure from substitute products or services
• Positioning of traditional industry competitor/s
Information and Information Technology can alter each of the five
competitive forces and thereby help the firm gain competitive
advantage.
26. Spawning of new business:
• Information, IT and the resultant information revolution are giving
birth to completely new industries in three distinct ways:
a. The information revolution makes new business technologically
feasible.
b. Information and IT also spawn new business by creating derived
demand for new products.
c. Information and IT help create/spawn business within old ones.
• By enabling a firm to spawn a new business, information confers
competitive advantage to the firm as it can offer a bundle of goods/
services.
27. New ways of doing things:
• Information and IT facilitate evolution/ development of new ways of
doing old things. This difference makes the difference and gives
competitive advantage to a firm.
• In order to understand the specific use of information for competitive
advantage we would consider the uses under two types:
1. Functional Uses
2. Strategic Uses
28. Functional Uses
1. Information helps to lower cost in any/all parts of the value chain.
2. Information and information systems help in:
i. Facilitating product delivery
ii. Adding value to quality
iii. Improving product quality
3. Information helps to transform the physical processing component of
activities into information component leading to value addition.
4. Information provides organisations with speed and the ability to
move quickly into the market, thereby giving the organisation the first
mover’s competitive advantage.
29. Functional Uses contd.
5. Information helps organisations to enhance:
i. Quality of their operations
ii. Quality of their products
iii. Quality of their services
6. Information can help simplify:
i. Products
ii. Product processes
iii. Production cycle time
7. Information helps organisation to:
i. Meet benchmarking standards
ii. Improve customer service
iii. Improve quality and precision of design and product
30. Strategic Uses
1. Information gives organisations new ways to outperform their
rivals.
2. A firm can use four basic competitive strategiesto dealwith the
competitive forces. They are:
i. Product differentiation
ii. Focused differentiation
iii. Developing right linkages with customers and suppliers
iv. Becoming a low-cost product
A firm may/can achieve competitive advantage by pursuing one or more of
these strategies simultaneously.
31. Strategic Uses contd.
3. Information makes it possible for organizations to make more precise
development of strategies, planning, forecasting and monitoring.
4. Information facilitates the availability of extensive data, both internal
and external, thereby facilitating a more comprehensive analysis and adding
value to problem-solving strategies and decision-making.
5. Information and IT help improve an organisation’s abilities to
coordinate its activities regionally, nationally and globally. This, in turn, helps
unlock the powers of broader geographical scope to create competitive
advantage.
6. Information enables organisations to think globally and act locally.
32. Strategic Uses contd.
7. Information yields strategic opportunities and enables to change
the rules of the competition very fast, almost overnight, and gives
competitive advantage.
8. Information and IT help organisations become more flexible and
responsive, eliminate management layers, separate work from
location and restructure work flows, giving additional competitive
advantage to organisations.
9. Information and IT help organisations acquire strategic flexibility.
Strategic flexibility is a set of capabilities firms use to respond to
various demands and opportunities that are a part of dynamic and
uncertain competitive environment.
33. Summary
• As information is so critical, crucial and pivotal for managers and
organisations, MIS has been developed to facilitate effective and
efficient decision-making.
• MIS is the system, which makes available the right information to the
right person, at the right place, at the right time, in the right form and
at the right cost.
• MIS is required to enable managers to take qualitative decisions and
ensure success for their respective organisations.
• MIS creates an information-based work culture in an organisation. It
creates an impact on the organisational functioning, performance and
productivity.
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