2. DEFINITION
A management information system is an information system used for decision-
making, and for the coordination, control, analysis, and visualization of
information in an organization.
The purpose of an MIS is improved decision-making, by providing up-to-date,
accurate data on a variety of organizational assets.
4. Components of Information systems
Information system – combination of hardware, software, personnel
infrastructure.
Database management system – computer programs that help in storage and
retrieval of data.
Intelligence system- concerned with processing of the data collected and
presenting it in a manner that is easy to comprehend.
Research system - This component is concerned with identifying the main
management problems in the organization and coming up with alternative
decisions that could have sufficed in a particular situation.
5. Characteristics of MIS
long term planning
Top down approach
Provides view of the dynamics and structure of organization.
Able to make forecasts and estimates.
Complete and comprehensive system connecting all subsystems within
organization
Easy access to any information about organization.
6. Types of MIS
Decision support systems(DSS)
Executive information system (EIS)
Marketing information systems
Accounting information system
Human resource management system
Office automation systems (OAS)
Enterprise resource planning
Customer relationship management.
8. Advantages of MIS
Single database that holds all data needed for day to day operations.
Enhances the competitiveness of the company.
Saves a lot of time.
Improves the quality of decisions made in a company.
Inputs and modifications in these systems are logged and the authors noted.
Reduces amount of paperwork
Detailed reports
Enables to collect feedback from customers
9. Weakness of MIS
Cost of equipment
Training of workforce
MIS are heavily affected by large changes in the company.
Loss of employment