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Many companies have entire departments devoted to managing, maintaining and configuring their management information systems. MIS began in the late 1960s and really gained ground in the 1990s. Because a MIS represents a significant investment for most organizations, small businesses must perform thorough due diligence before deciding to implement a new system or overhaul existing systems.
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Management information systems refer to the practice of integrating computer systems, hardware and software used to meet an organization’s strategic goals. A MIS basically provides companies with four different types of information: descriptive, diagnostic, predictive and prescriptive. A MIS has become very important in the areas of strategic support, data processing and managing by objectives. Because a MIS provides enormous amounts of information many companies think they make great investments. This holds true only if the information gained from the MIS generates a change in a company’s harmful behavior.
Descriptive information provided by a MIS gives a company the “what is” state of the business. Descriptive, or “what is” information, provides the business with pertinent information that captures a specific moment during the company’s operation. Examples of “what is” information include sales reports,