Management Information .Doc
1. What is MIS? Why is Management information technology important?
Information
Data that has been put into a meaningful and useful context. Usually to help make a decision.
Management Information System
A combination of computers and people that is used to provide information to aid in making decisions and managing a firm
Important of Management Information System
MIS affects all areas of business o Manufacturing o Accounting & Finance o Human resources o Marketing o Top management
Performance evaluations—expectations
2. What is Business Trends? Describe business trends & Implication?
Business Trends • Changing business environment o Specialization o Management by Methodology and Franchises o Mergers o Decentralization and Small Business o Temporary Workers o Internationalization o Service-Oriented Business o Re-engineering • Need for faster responses and flexibility
Business Trends & Implications • Specialization o Increased demand for technical skills o Specialized MIS tools o Increased communication o Emphasis on Teamwork • Methodology & Franchises o Reduction of middle management o Increased data sharing o Increased analysis by top management o Computer support for rules o Re-engineering Mergers o Larger companies o Need for control and information o Economies of scale • Decentralization & Small Business o Communication needs o Lower cost of management tasks o Low maintenance technology • Temporary Workers o Managing through rules o Finding and evaluating workers o Coordination and control o Personal advancement through technology o Security • Internationalization o Communication o Product design o
Information
Data that has been put into a meaningful and useful context. Usually to help make a decision.
Management Information System
A combination of computers and people that is used to provide information to aid in making decisions and managing a firm
Important of Management Information System
MIS affects all areas of business o Manufacturing o Accounting & Finance o Human resources o Marketing o Top management
Performance evaluations—expectations
2. What is Business Trends? Describe business trends & Implication?
Business Trends • Changing business environment o Specialization o Management by Methodology and Franchises o Mergers o Decentralization and Small Business o Temporary Workers o Internationalization o Service-Oriented Business o Re-engineering • Need for faster responses and flexibility
Business Trends & Implications • Specialization o Increased demand for technical skills o Specialized MIS tools o Increased communication o Emphasis on Teamwork • Methodology & Franchises o Reduction of middle management o Increased data sharing o Increased analysis by top management o Computer support for rules o Re-engineering Mergers o Larger companies o Need for control and information o Economies of scale • Decentralization & Small Business o Communication needs o Lower cost of management tasks o Low maintenance technology • Temporary Workers o Managing through rules o Finding and evaluating workers o Coordination and control o Personal advancement through technology o Security • Internationalization o Communication o Product design o