Management Information System: Characteristics
MB0047 MANAGEMENT INFORMATION SYSTEM
Assignment Set 1
Q.1 What is MIS? Define the characteristics of MIS? What are the basic functions of MIS? Give some Disadvantage of MIS?
Ans.: A management information system (MIS) is a system that provides information needed to manage organizations effectively. 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. Management information systems are distinct from regular information systems in that they are used to analyze other information systems applied in operational activities in the organization.
In a management information system, modern, computerized systems continuously gather relevant data, both from inside and outside an organization. This data is then processed, integrated, and stored in a centralized database (or data warehouse) where it is constantly updated and made available to all who have the authority to access it, in a form that suits their purpose. The characteristics of MIS are -
It supports transaction handling and record keeping.
i. It is also called as integrated database Management System which supports in major functional areas. ii. It provides operational, tactical, and strategic level managers with east access to timely but, for the most, structured information. iii. It supports decision –making function which is a vital role of MIS. iv. It is flexible which is needed to adapt to the changing needs of the organization.
v. Coordination: MIS provides integrated information so that all the departments are aware of the problem and requirements of the other departments. This helps in equal interaction of the different centers and connects decision centers of the organization.
The main functions of MIS are:
i. Data Processing:
Assignment Set 1
Q.1 What is MIS? Define the characteristics of MIS? What are the basic functions of MIS? Give some Disadvantage of MIS?
Ans.: A management information system (MIS) is a system that provides information needed to manage organizations effectively. 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. Management information systems are distinct from regular information systems in that they are used to analyze other information systems applied in operational activities in the organization.
In a management information system, modern, computerized systems continuously gather relevant data, both from inside and outside an organization. This data is then processed, integrated, and stored in a centralized database (or data warehouse) where it is constantly updated and made available to all who have the authority to access it, in a form that suits their purpose. The characteristics of MIS are -
It supports transaction handling and record keeping.
i. It is also called as integrated database Management System which supports in major functional areas. ii. It provides operational, tactical, and strategic level managers with east access to timely but, for the most, structured information. iii. It supports decision –making function which is a vital role of MIS. iv. It is flexible which is needed to adapt to the changing needs of the organization.
v. Coordination: MIS provides integrated information so that all the departments are aware of the problem and requirements of the other departments. This helps in equal interaction of the different centers and connects decision centers of the organization.
The main functions of MIS are:
i. Data Processing: