Management Information System 2 Marks UNIT 1 MIS Introduction 1. Data: Raw facts such as an employee’s name and number of hours worked in a week, inventory part numbers or sales orders. Information: A collection of facts organized in such a way that they have additional value beyond the value of the facts themselves. Data Information Salesperson: J. Jones Sales Territory: Western Region. Current Sales: $147,000 Units = 147 Salesperson: J. Jones Sales Territory: Western Region.
Words: 4587 - Pages: 19
regular intervals, the design of the work system and the structure of the organization is identified, and as the process through which organizations maintain an environment in which employees, working as a group, accomplish their aims and objectives and those of the organization in an effective and efficient manner. Stoner, Freeman and Danial (2003) further posits that management is best analysed by dissecting the processes into five managerial functions namely; planning, organizing, leading and
Words: 2997 - Pages: 12
guidance aimed for earnings growth of 1.5 times to double of the GDP growth rate and his management philosophy found its articulation in GE’s slogan—Speed, Simplicity, Self-Confidence (GE 1995). These values would reflect not only in the organisation’s systems and processes but also in GE’s products and services through their simple and highly functional designs. Welch’s corporate strategy was all about performance and efficiency. Throughout his 20 years as CEO, he relentlessly drove his subordinates to
Words: 4555 - Pages: 19
guidance aimed for earnings growth of 1.5 times to double of the GDP growth rate and his management philosophy found its articulation in GE’s slogan—Speed, Simplicity, Self-Confidence (GE 1995). These values would reflect not only in the organisation’s systems and processes but also in GE’s products and services through their simple and highly functional designs. Welch’s corporate strategy was all about performance and efficiency. Throughout his 20 years as CEO, he relentlessly drove his subordinates to
Words: 4709 - Pages: 19
Strategic financial management can be described as the allocation of scarce resources to identified possible strategies among competing opportunities and taking necessary actions to monitor the progress of the chosen opportunity so as to achieve set objectives. The Chartered Institute of Management Accountants of UK (CIMA) defines Strategic Financial Management as “the identification of the possible strategies capable of maximizing an organization’s net present value, the allocation of scarce capital
Words: 5662 - Pages: 23
Recruitment and Selection process at HCL Technologies Limited submitted to the SIKKIM MANIPAL UNIVERSITY, in partial fulfillment of the degree of Master Of Business Administration (MBA) is my original and not submitted for award of any other degree, diploma or other similar award. Date :-02-06-2014 AVINASH KUMAR Roll No 1208007298 Place :-Sasaram 2 CONTENTS INTRODUCTION PROFILE OF HISTORICAL DEVELOPMENT AND STATUS QUO OF HCL CONCEPTUAL FRAME WORK OF RECRUITMENT PROCESS RECRUITMENT
Words: 15095 - Pages: 61
Rob's Rough Rules of Project Management Dana Scully and Fox Mulder, the F.B.I. team in The X-Files, show the value of clinical analysis of cause and effect. While Mulder is focussed on mixing it with various aliens, shape changers, mutant worms and other wonderful creatures, Scully is often back at the base dispassionately examining the numerous bodies that turn up in each episode. It is often Scully's understanding of pathology and autopsy that provides the vital evidence in their search for the truth
Words: 4437 - Pages: 18
The result of the study proved that there is inefficiency in the Nigerian banking system and that the level of inefficiency ranged from 0 to 19 per cent of total cost. The study was able to derive the individual bank's level of inefficiency. Put differently, the study was able to derive the individual bank's level of efficiency. I. INTRODUCTION In the last three decades, as bank regulators open their financial Industries for competition and liberalisation, many banks operated at a level that
Words: 5908 - Pages: 24
progress in relation to specific strategic objectives that we have set ourselves in taking the project of education transformation further. Even though each of these reports has a specific objective and focus, there is an intended element of continuity between the reports as we seek to assess whether or not we are achieving the intended cumulative gains in turning around the crisis in education that I expounded upon in my Call to Action released on 27 July 1999. The content of this report therefore seeks
Words: 6673 - Pages: 27
Part A Difinition of EWRM Enterprise-wide risk managemnet is a buzzword used in the culture of the modern companies. Enterprise-wide, sometimes referred to organisation-wide or integrated though enterprise-wide risk management was also called organisation-wide or integrated risk managemnet. Risk management decribles how the discipline of risk management is partised in contemporary terms. In the definition by James Deloach, “EWRM is a new strategic process
Words: 5496 - Pages: 22
