Management Information Systems and Its Importance

Topics: Management, Strategic management, Decision theory Pages: 4 (1214 words) Published: December 9, 2010

What you think Management of Information Systems is and why it is important in today’s business environment? Management Information Systems (MIS) is the term given to the discipline focused on the integration of computer systems with the aims and objectives on an organization. Modern businesses have been leveraging on MIS to manage, order, organize and manipulate the gigabytes and masses of information generated for various purposes. MIS helps businesses optimize business processes, address information needs of employees and various stakeholders and take informed strategic decisions. The development and management of information technology tools assists executives and the general workforce in performing any tasks related to the processing of information. MIS and business systems are especially useful in the collation of business data and the production of reports to be used as tools for decision making. With computers being as ubiquitous as they are today, there's hardly any large business that does not rely extensively on their IT systems (Kenneth C. Laudon). However, there are several specific fields in which MIS has become invaluable like in decision support systems, resource and people management applications, Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Customer Relationship Management (CRM), project management and database retrieval applications. 1) Support Strategy:

While computers cannot create business strategies by themselves they can assist management in understanding the effects of their strategies, and help enable effective decision-making. MIS systems can be used to transform data into information useful for decision making. Computers can provide financial statements and performance reports to assist in the planning, monitoring and implementation of strategy. MIS systems provide a valuable function in that they can collate into coherent reports unmanageable volumes of data that would otherwise be broadly useless to...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Management Information Systems Essay
  • Management Information System Essay
  • Life Insurance Information Management System Essay
  • Management Information Systems Essay
  • Essay about Management Information Systems in a Restaurant
  • management information system Essay

Become a StudyMode Member

Sign Up - It's Free