A management information system (MIS) is a computerized database of financial information organized and programmed in such a way that it produces regular reports on operations for every level of management in a company. It is usually also possible to obtain special reports from the system easily. The main purpose of the MIS is to give managers feedback about their own performance; top management can monitor the company as a whole. Information displayed by the MIS typically shows "actual" data over against "planned" results and results from a year before; thus it measures progress against goals. The MIS receives data from company units and functions. Some of the data are collected automatically from computer-linked check-out counters; others are keyed in at periodic intervals. Routine reports are preprogrammed and run at intervals or on demand while others are obtained using built-in query languages; display functions built into the system are used by managers to check on status at desk-side computers connected to the MIS by networks. Many sophisticated systems also monitor and display the performance of the company's stock.

2. Introduction
MIS MODEL
Components OF MIS
Conclusion
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3. Define: An integrated user-machine system for providing
information to support operations, management and
decision making functions in an organization.
The system utilizes computerized and manual procedures;
models for analysis, planning, control and decision making;
and a database.”
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INTRODUCTION of MIS

4.  Decision makers need information to make effective decisions.
 MIS systems facilitate communication within and outside the
organization.
 Record keeping
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Define the problem and the factor that influence it.
Select criteria to guide the decision and establish objectives.
Formulate a model that helps management to understand the relationships between
the influence factors and the objectives the firm is trying to achieve.
Collect the relevant data while trying to avoid the incorporation of superfluous
information into the model.
Identify and evaluate the alternatives.
Select the best alternative.
Implement the alternative.
Steps of Model Construction

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Components of MIS Model
Organizational Problem Solvers:
Outputs are used by persons who are responsible for solving the firm’s.
Database:
It’s contents are used by software that produces report as well as mathematical model.
Mathematical Model:
It produces information as a simulation of firm’s operation.
Report Writing Software:
It produces both periodic and special report.
Environment:
The environment is of great importance to the firm. It is the very reason of the firm’s existence.

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Advantages:
Can be a learning experience.
Provides predictive power.
Less expensive than trial and error method.
Speed allows consideration of more options.
Disadvantages:
Difficult to model a business system.
High degree of mathematical skills required.

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MIS flexible enough to deal with changing information needs of the
organization.
The designing of such a system is a complex task. It can be achieved
only if the MIS is planned.
We understand this planning and implementation in management
development process.
CONCLUSION

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