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Information?• Why Do People Need Information? Individuals - Entertainment and enlightenmentBusinesses - Decision making, problem solving andcontrol
MIS• A management information system (MIS)provides information that organizations need tomanage themselves efficiently and effectively.• Management information systems are not onlycomputer systems.• Three primary components:– Technology– people (individuals, groups, or organizations)– data (information for decision making).
• A management information system gives thebusiness managers the information that theyneed to take decisions.• Produce fixed, regularly scheduled reports basedon data extracted and summarized from thefirm’s underlying transaction processing systemsto middle and operational level managers.• Used to identify and inform decision problems.