Monday 17 November 2014
Management Information System provides information to manage
and used for further decision making in organizations. It makes work effective
and efficient. Basically, it is based upon computer usage processing.
Explanation:
In modern age, there is massive information prevailing that
is just because of electronic media. Now a days , decision making is building
through information systems because timely and reliable information is required
to every manager that decreases his load of work. Many times in life of
managers, quick rational decisions have to be strongly faced by managers. Due
to this reason, managers require intensive information within a moment.
All these problems are easily tackled by the modern computer
system technologies which makes work of managers easy.
Not only managers are the dynamic users of MIS but it
becomes as essential ingredient to the growth and smooth services of the
organizations. That’s why there is always need of planned, analyzed, properly
maintained and designed information system in the organization which should be
capable of providing timely, accurate, reliable and logical information.
In today’s age of technology, managers have to face 2 major
challenges in their professional life;
·
Globalization
·
Double information
Globalization:
Unlike the older managers, today they have to compete not
only in local market but they have to grow and compete in global market in
liberal way. If someone does not want to grow their business up to world, then
it may possible that competitors come to his area with emerging technologies
and expertise for gaining their market.
Double
information:
Media create impact in all today’s world in political
matters, economic matters and social matters. Many factors have impact on
activities of the organization, which should be considered by managers of the
company. Because of huge information on electronic media may create double
information about any critical point, which has to be discussed in meetings of
the managers. This thing cause time consuming that is surely harm the
organization in terms of incompetency of the top hierarchy and loss of time.
In such age of complexity and massive information, managers
strongly need information system that should be so durable and versatile, which
fulfill needs of every kind of the organization. That’s why MIS helps managers
to convert their competencies in technology and organization may enhance their
efficiency in production process and in other departments.
What
are benefits to study MIS?
A fundamental question may arise here about purpose of MIS.
Shortly, there are 3 basic purposes of MIS:
- Support the business process and operations
- Support the decision making
- Support the strategies for competitive advantage
Support
the business process and operations:
MIS
increases efficiency of business transactions and operations. It helps to boom
the functional areas of the organizations like Finance, HRM and production.
Support
the decision making:
Due to provision of the related and reliable information, MIS
make decision making a comfortable process.
Support
the strategies for competitive advantage:
