...Management Information System (MIS) is an important course in business school to prepare students with the knowledge to assess, evaluate and apply developing information systems technology to business. This is because Moore’s Law stated that technology improves and the cost of data storage and data communication is fundamentally zero. Due to these developments, strong non-routine cognitive skills are needed to adapt the changes of technology and increasing demand. MIS manage to help business school’s student to develop non-routine skills such as: 1. Abstract reasoning – capability to create models and use them or representation. 2. Systems thinking – to create the system gears, to link the inputs and productions of those gears as a whole. 3. Collaboration – ideas and plans are developed with other members or party. Give and receive critical feedback for effective collaboration. 4. Ability of experimenting – create and experiment new another possibility, steadily with resources that are available. In order for a business to succeed in reaching its goals and objectives, the improvement and usage of information systems is needed. These help in a business is called as Management Information System The word ‘system’ refers to a number of mechanisms achieve their purpose by interconnecting with each other whereas information system (IS) is a group of mechanisms that produce information by interconnecting with each other. A model of the mechanisms of an information system depicts...
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...M-MIS Comptroller of the Currency Administrator of National Banks Management Information Systems Comptroller’s Handbook May 1995 Management M Management Information Systems Introduction Background Risks Associated with MIS Assessing Vulnerability to MIS Risk Achieving Sound MIS MIS Reviews Examination Objectives Examination Procedures Internal Control Questionnaire Purpose MIS Policies or Practices MIS Development User Training and Instructions Communication Audit Conclusion Verification Procedures Table of Contents 1 1 3 4 5 6 9 10 17 17 17 18 19 20 20 21 22 Comptroller's Handbook i Management Information Systems Management Information Systems Background Introduction A management information system (MIS) is a system or process that provides the information necessary to manage an organization effectively. MIS and the information it generates are generally considered essential components of prudent and reasonable business decisions. The importance of maintaining a consistent approach to the development, use, and review of MIS systems within the institution must be an ongoing concern of both bank management and OCC examiners. MIS should have a clearly defined framework of guidelines, policies or practices, standards, and procedures for the organization. These should be followed throughout the institution in the development, maintenance, and use of all MIS. MIS is viewed and used at many levels by management. It should be supportive of the...
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...Introduction Management Information System (MIS) enables small business organization to focus on solving business problems and creating new opportunity with technology. In his article titled “The impact of Management Information System effectiveness on task productivity”, Trivellas explains that “management information system (MIS) is the basic tool to support planning and controlling functions of the managers in small business organization” (2013). He states that MIS touches almost all areas of business, such as manufacturing, accounting & finance, human resource and marketing. Trivellas conducted a survey to investigate the impact of MIS in small business sector such as banking. According to his survey, MIS provides necessary information for managers so that they can able to monitor the organization’s activities and make important decisions accordingly. On the other hand, many other authors state that while MIS provides several benefits to the organization, Trivellas fails to mention the issues and the challenges associated with implementing the MIS technology. The authors find that installing MIS can be expensive for small business organization. The organization should create a separate budget to ensure that the system is current. Trivellas ignore the fact that maintenance of the system is another issue that comes along with installing MIS. Companies should hire someone to keep the system operating effectively. This increases labor cost. Moreover, MIS sometimes...
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... Homework 1. WHAT IS MIS? MIS is short for management information system or management information services. Management information system, or MIS, broadly refers to a computer-based system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization. In order to provide past, present and prediction information, a management information system can include software that helps in decision making, data resources such as databases, the hardware resources of a system, decision support systems, people management and project management applications, and any computerized processes that enable the department to run efficiently. 2. WHY IS MIS IMPORTANT FOR ORGANIZATION? Because MIS provides several benefits to the business organization: the means of effective and efficient coordination between Departments; quick and reliable referencing; access to relevant data and documents; use of less labor; improvement in organizational and departmental techniques; management of day-to-day activities (as accounts, stock control, payroll, etc.); day-to-day assistance in a Department and closer contact with the rest of the world. MIS provides a valuable time-saving benefit to the workforce. Employees do not have to collect data manually for filing and analysis. Instead, that information can be entered quickly and easily into a computer program. As the amount of raw data grows...
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...Describe what is meant by management information systems (MIS). Include in your answer one example of how an MIS can be used. * Management information system, or MIS, broadly refers to a computer-based system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization. In order to provide past, present and prediction information, a management information system can include software that helps in decision making, data resources such as databases, the hardware resources of a system, decision support systems, people management and project management applications and any computerized processes that enable the department to run efficiently. The role of the management information system (MIS) manager is to focus on the organization’s information and technology systems. The MIS manager typically analyses business problems and then designs and maintains computer applications to solve the organization’s problems. B) Describe the factors which make a good or poor MIS using example to illustrate your answer. * A good MIS is a computer system that supplies the information in a form that managers can easily understand and use that allow them to make good business decision. Such information can reduce the risk in making decision. * A good MIS is fast because managers do not want to wait too long for the information to be displayed. * The information from the MIS must be relevant so they do...
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...How MIS Affects Organizational Functions The Management Information Systems (MIS) plays a very important role in business environment to become a significant strategy of its organization operation. According to Linda Banks, the author of “The Tea Room News”, she mentions the impact of MIS to business processes is “Management Information Systems (MIS) not only include software systems, but the entire set of business processes and resources that are used to pull together information from functional or tactical systems” (B, 2015). Basically, the MIS is described as data collected system which analyzes data in order to provide appropriate information related in business performances. That information will be valuable for different levels of its management. On this paper, we will discuss the effect of MIS on executive level of business decision making, organizational department levels; and its contributions on production sales. In the level of competitive business environment nowadays, business owners have to react immediately with the sudden change of current activity of organization. By the way, the decision needs to be quick and accurate. According to Watson H.J and Mann R.I, the co-author of the article “Information Systems for Management” published in 1987, stated that “The MIS supports the planning, control and operation functions of an organization by furnishing uniform information in the proper time frame to assist the decision makers" (Watson H.J , Mann R.I, 1987). Obviously...
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...The importance of MIS,CIS&IT A management information system (MIS) provides information that is needed to manage organizations efficiently and effectively. Management information systems are not only computer systems - these systems encompass three primary components: technology, people (individuals, groups, or organizations), and data/information for decision making. Management information systems are distinct from other information systems in that they are designed to be used to analyze and facilitate strategic and operational activities in the organization. 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. The another importance in the organization’s by learning MIS, Companies are able to highlight their strengths and weaknesses due to the presence of revenue reports, employees' performance record etc. The identification of these aspects can help the company improve their business processes and operations(Its all the result...
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...------------------------------------------------- Types and Terminology The terms Management Information System (MIS), information system, Enterprise Resource Planning (ERP), and information technology management are often confused. Information systems and MIS are broader categories that include ERP. Information technology management concerns the operation and organization of information technology resources independent of their purpose. Most management information systems specialize in particular commercial and industrial sectors, aspects of the enterprise, or management substructure. * Management information systems (MIS), produce fixed, regularly scheduled reports based on data extracted and summarized from the firm’s underlying transaction processing systems[5] to middle and operational level managers to identify and inform structured and semi-structured decision problems. * Decision Support Systems (DSS) are computer program applications used by middle management to compile information from a wide range of sources to support problem solving and decision making. * Executive Information Systems (EIS) is a reporting tool that provides quick access to summarized reports coming from all company levels and departments such as accounting, human resources and operations. * Marketing Information Systems (MIS) are Management Information Systems designed specifically for managing the marketing aspects of the business. * Office Automation Systems (OAS) support communication and productivity in the...
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...QUESTION: Management Information Systems are too important to be left up to Information Technology (IT) personnel only. Do you agree? Why or why not? Discuss. The impact of globalization has motivated organizations to rethink the way in which they do business. In order for organizations to survive or be successful in this present global environment they have to solve problems affecting the organization and make decisions which are to the best interest of the organization and which will add to its value. Problem solving and decision making have to be based on relevant information. The type of information gathered and way in which the information is stored, utilized and managed to assist an organization in achieving its goals determine how successful organizations are today, (Oz, 2009). Laudon and Laudon (2014) stated that the collection, processing, storage and distribution of information to assist in decision making and management of an organization constitute information systems. Furthermore, they described management information systems as an element of information systems literacy concerned with behavioural and technical issues relating to the development, utilization and effect of information systems. Information Technology (IT) Personnel play a significant role in Management Information Systems (MIS). However, since MIS is not limited to technical issues, it is imperative that other significant individuals be involved. Laudon and Laudon (2014) put forward...
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...chapter 01 Introduction Management and organizations facing constantly changing problems, diverse managerial styles, and ever present information needs offer a challenging context for developing computer based information systems. A management information system (MIS) is a system or process that provides information needed to manage organizations effectively. Management Information Systems (MIS) employs the integration of information technology in achieving the needs and objectives of the general workforce, managers and their organization. The development of MIS in organizations helps corporate executives in applying efficient and effective information technology-based business and economic decisions. With new trends in information technology, managers and organizations will face more advance and flexible management of organizational information. Management information systems are regarded to be a subset of the overall internal controls procedures in a business, which cover the application of people, documents, technologies, and procedures used by management accountants to solve business problems such as costing a product, service or a business-wide strategy. Academically, the term is commonly used to refer to the group of information management methods tied to the automation or support of human decision making, e.g. Decision Support Systems, Expert systems, and Executive information systems. The terms MIS and information system are often confused. MIS is sometimes referred to...
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...MANAGEMENT INFORMATION SYSTEMS MINI PROJECT SUBMITTED BY D.Muthamizh MANAGEMENT INFORMATION SYSTEMS Management information systems (MIS) is the study of people, technology, organizations, and the relationships among them. This definition, given by Mays Business School, relates specifically to MIS as a course of study. In other words, MIS is commonly used in business schools 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. Many business schools (or colleges of business administration within universities) have an MIS department, alongside departments of accounting, finance, management, marketing, and may award degrees (at undergraduate, master, and doctoral levels) in MIS. A good definition of MIS in practice has been given in a journal article: "Establishing and Managing Management Information Systems in Developing Countries" by Dr. Chris Prince Udochukwu Njoku. Dr. Njoku gave the comprehensive definition after a critical assessment of many definitions, some of which he cited, and described them as inadequate. MIS professionals help organizations--big, medium and small--realize maximum benefit from investments in personnel, equipment, and business processes. MIS is people-oriented, with an emphasis on service. Although...
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...Management Information Systems Unit 5 IP Your name here American Intercontinental University Abstract Management information systems (MIS) is the actual study of technology, people, organizations and the relationships between them. MIS professionals help organizations to discover their maximum benefit from investment through employees, equipment and business processes. . A management information system is a computer-based system that provides the information necessary to manage an organization effectively and should be designed to enhance communication to reach an organization’s strategic goals and directions. Information technology is more than just computers. Advantages of MIS systems are better planning and to help with business decision making. A major disadvantage is constant monitoring. Over the years management information systems have changed the dynamics of running businesses efficiently. One of the biggest advantages is decentralization. Decentralization allows monitoring of operations at low levels, which free up resources so that department managers can dedicate time to strategic activities. In cases such as this, managers can see what exactly the problem is in all departments. Another advantage of MIS is that it minimizes information overload, since that is very common with conventional businesses in the modern era. The way MIS is designed, it ensures better planning and ways to measure performance, manage resources and facilitate compliance...
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...Discussion Question IT/201 Christopher Morrison Management Information Systems are one of my favorite concepts from this course and today we will be going over the basics. A management information system (MIS) provides information that is needed to manage organizations efficiently and effectively. Management information systems are not only computer systems - these systems encompass three primary components: technology, people (individuals, groups, or organizations), and data/information for decision making. Management information systems are distinct from other information systems in that they are designed to be used to analyze and facilitate strategic and operational activities in the organization. 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, and marketing. Management information systems (MIS) are methods of using technology to help organizations better manage people and make decisions. Managers use management information systems to gather and analyze information about various aspects of the organization, such...
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...Abstract This paper discusses the importance of MIS in the decision-making of commercial banks in Butembo city. The discussion starts with the review of literatures on the importance of MIS in our world today. The qualitative method of research is applied where; some bank managers were interviewed to collect data. The findings reveal that commercial banks in Butembo city are integrating technology in their daily activities. Mangers do use information systems in making every day decision at their level. Since all the banks in Butembo city are branches that does not need to make high-level strategic decisions. Therefore, the integration of MIS in high-level decision-making is done at the higher level (head office) from the information provided at the lower levels (that is branches like Butembo). However, the banks do share real-time information among branches and the head office. Introduction The history of Management Information System (MIS) starts since long. In 1968, Michael S. Scott Morton wrote a research paper in which he emphasizes the use and emergence of MIS in future. He emphasizes that the future companies will be affected by two things technology and the human comprehension and understanding of decision-making process. According to Morton (1968), it is not only about the emerging of new technologies rather how man will use the information from technology to make decisions. He predicted that in future organizational decisions will...
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...Management Information System practice in Bangladesh: A Study on Grameen Phone NATIONAL UNIVERSITY Assignment on: Management Information Systems Practice in Bangladesh: A Study on Grameen phone Course Name: Management Information systems SUBMITTED TO: Md. Nahid Mia Lecturer Business Study group National University SUBMITTED BY: The Group of Innovation Roll No. | Reg. No. | Name | 147010 | 1462810 | Md. Raisul Islam | 147008 | 1462808 | Md. Shah Ali Dolon | 147005 | 1462805 | Qaiyum Mean | 147002 | 1462802 | Joynal Abedin | Thesis Based In Campus MBA (First Batch) Second Semester National University DATE OF SUBMISSION: 13th April, 2015 Table of content Page No. | Topic | 1 | Title of the study | 2 | Information of Submission | 3 | Table of Content | 4 | Acknowledgement, Executive Summary | 5 | Introduction, Objective of Study | 6 | Limitation of Study, Methodology of Study, Literature Review | 7 | Company Profile | 8-11 | Analysis and Discussion | 11 | Findings | 12 | Recommendation , questioners’ | 13 | List of Abbreviation , References | Acknowledgement In the preparation of this study, we would like to acknowledge the encouragement and assistance given to us by a number of people. We are most grateful to Md. Nahid Mia, Lecturer of Business study group in national University for providing detailed feedback and support all the time on this study. I would like to express my gratitude to Mohammad...
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