Management: The organization and coordination of the activities of a business in order to achieve defined objectives.
Information: It is that which informs, i.e. an answer to a question, as well as that from which knowledge and data can be derived.
System: A set of detailed methods, procedures and routines created to carry out a specific activity, perform a duty, or solve a problem.
Management Information System: It broadly refers to a computer-based system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization.
Contains everything a student needs to know about fundamentals of Management Information System. It is not an original work rather a useful presentation created by combining few other presentations.
Management information System and its typesAbdul Rehman
Management information System
Difference between MIS and IS
Importance of MIS
Characteristics of MIS
Types of MIS: Expert System, Decision support system, Executive Information System
Contains everything a student needs to know about fundamentals of Management Information System. It is not an original work rather a useful presentation created by combining few other presentations.
Management information System and its typesAbdul Rehman
Management information System
Difference between MIS and IS
Importance of MIS
Characteristics of MIS
Types of MIS: Expert System, Decision support system, Executive Information System
MIS, describe Management , information and System , introduction of MIS, definition of MIS , Types of MIS, Implementation of MIS in banking sector, Advantages of MIS, Issues in MIS.
Management Information System - MIS - ApplicationFaHaD .H. NooR
Management information system (MIS) refers to the processing of information through computers to manage and support managerial decisions within an organization. The concept may include systems termed transaction processing system, decision support system, expert system, or executive information system. The term is often used in the academic study of businesses and has connections with other areas, such as information systems, information technology, informatics, e-commerce and computer science; as a result, the term is used interchangeably with some of these areas.
Management information systems (plural) as an academic discipline studies people, technology, organizations, and the relationships among them.This definition relates specifically to "MIS" as a course of study in business schools. Many business schools (or colleges of business administration within universities) have an MIS department, alongside departments of accounting, finance, management, marketing, and may award degrees (at the undergraduate, master, and doctoral levels) in Management Information Systems.
MIS professionals help organizations to maximize the benefit from investments in personnel, equipment, and business processes.There are different areas of concentration with different duties and responsibilities in information system managers starting from the Chief information officer (CIOs), Chief technology officer (CTOs), IT directors and IT security managers. Chief information officers (CIOs) are responsible for the overall technology strategy of their organizations. Basically, they are more of the decision makers and action takers when it comes down to determining the technology or information goals of an organization and making sure the necessary planning to implement those goals is being met.
Chief technology officers (CTOs) are responsible for evaluating how new technology can help their organization. They usually recommend technological solutions to support the policies issued by the CIO.[2]
IT directors including MIS directors are in charge of both their organization's Information technology departments and the supervision of thereof. They are also in charge of implementing the policies chosen by the other top branches (CIOs, CTOs). It is their role to ensure the availability of data and network services by coordinating IT activities.
IT Security Managers oversee the network and security data as the title implies. They develop programs to offer information and awareness to their employees about security threats. This team is very important because they must keep up-to-date on IT security measures in order to be successful within their organization. Any security violations need to be investigated and supervised by this specific team.
James A. O'Brien, and George Marakas. Management Information Systems with MISource 2007, 8th ed. Boston, MA: McGraw-Hill, Inc., 2007. ISBN: 13 9780073323091
MODEL- DRIVEN DSS
includes system that use accounting, financial models, and representational models.
2. DATA DRIVEN DSS
file drawer & management reporting system, data warehousing, geographical information.
MIS, describe Management , information and System , introduction of MIS, definition of MIS , Types of MIS, Implementation of MIS in banking sector, Advantages of MIS, Issues in MIS.
Management Information System - MIS - ApplicationFaHaD .H. NooR
Management information system (MIS) refers to the processing of information through computers to manage and support managerial decisions within an organization. The concept may include systems termed transaction processing system, decision support system, expert system, or executive information system. The term is often used in the academic study of businesses and has connections with other areas, such as information systems, information technology, informatics, e-commerce and computer science; as a result, the term is used interchangeably with some of these areas.
Management information systems (plural) as an academic discipline studies people, technology, organizations, and the relationships among them.This definition relates specifically to "MIS" as a course of study in business schools. Many business schools (or colleges of business administration within universities) have an MIS department, alongside departments of accounting, finance, management, marketing, and may award degrees (at the undergraduate, master, and doctoral levels) in Management Information Systems.
MIS professionals help organizations to maximize the benefit from investments in personnel, equipment, and business processes.There are different areas of concentration with different duties and responsibilities in information system managers starting from the Chief information officer (CIOs), Chief technology officer (CTOs), IT directors and IT security managers. Chief information officers (CIOs) are responsible for the overall technology strategy of their organizations. Basically, they are more of the decision makers and action takers when it comes down to determining the technology or information goals of an organization and making sure the necessary planning to implement those goals is being met.
Chief technology officers (CTOs) are responsible for evaluating how new technology can help their organization. They usually recommend technological solutions to support the policies issued by the CIO.[2]
IT directors including MIS directors are in charge of both their organization's Information technology departments and the supervision of thereof. They are also in charge of implementing the policies chosen by the other top branches (CIOs, CTOs). It is their role to ensure the availability of data and network services by coordinating IT activities.
IT Security Managers oversee the network and security data as the title implies. They develop programs to offer information and awareness to their employees about security threats. This team is very important because they must keep up-to-date on IT security measures in order to be successful within their organization. Any security violations need to be investigated and supervised by this specific team.
James A. O'Brien, and George Marakas. Management Information Systems with MISource 2007, 8th ed. Boston, MA: McGraw-Hill, Inc., 2007. ISBN: 13 9780073323091
MODEL- DRIVEN DSS
includes system that use accounting, financial models, and representational models.
2. DATA DRIVEN DSS
file drawer & management reporting system, data warehousing, geographical information.
Management Information System (MIS) is a planned system of collecting, storing, and disseminating data in the form of information needed to carry out the functions of management. A Management Information System is an information system that evaluates, analyzes, and processes an organization's data to produce meaningful and useful information based on which the management can take right decisions to ensure future growth of the organization.
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Corporate governance is "the system by which companies are
directed and controlled". It involves regulatory and market
mechanisms, and the roles and relationships between a
company’s management, its board, its shareholders and other
stakeholders, and the goals for which the corporation is
governed. In contemporary business corporations, the main
external stakeholder groups are shareholders, debt holders,
trade creditors, suppliers, customers and communities affected
by the corporation's activities. Internal stakeholders are the
board of directors, executives, and other employees.
Globalisation is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. Put in simple terms, globalisation refers to processes that increase world-wide exchanges of national and cultural resources. Advances in transportation and telecommunications infrastructure, including the rise of the telegraph and its posterity the Internet, are major factors in globalisation, generating further interdependence of economic and cultural activities.
What is a negotiation?
It is a process between two or more parties seeking to discover a common ground and reach an agreement to settle a matter of mutual concern or resolve a conflict.
He developed an interest in computers and engineering at a young age, inspired by his father's machinist job and love for electronics. Growing up south of Palo Alto, Jobs was bright beyond compare — his teachers wanted to skip him ahead several grades to high school, which his parents declined. In high school, Jobs met his future partner, Steve Wozniak, whom he bonded with over their love for electronics and computer chips.
Dr. Rajendra Prasad was born on the 3rd December, 1884, at Ziradei, in the district of Saran in Bihar. People of Bihar are particularly proud of him. Calcutta also has reason to be proud of him. The first President of the Indian Republic passed the B. A. and the M. A. Examinations of the University of Calcutta from the Presidency College of Calcutta in 1906 and 1908 respectively. He obtained the B. A. degree with honors in English and History. Then he passed the B. L. Examination. In 1915, he passed the M. L. Examination. Later the Calcutta University conferred on him the honorary degree of D. L. in recognition of his knowledge of law.
Assertiveness is about standing up for yourself, but also wabout respecting the opinions and needs of others.
When e communicate assertively, we are clear about our opinions and wishes, but we are also open to others’.
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Modern Database Management 12th Global Edition by Hoffer solution manual.docxssuserf63bd7
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name:Solution manual for Modern Database Management 12th Global Edition by Hoffer
Edition:12th Global Edition
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All chapter include
Focusing on what leading database practitioners say are the most important aspects to database development, Modern Database Management presents sound pedagogy, and topics that are critical for the practical success of database professionals. The 12th Edition further facilitates learning with illustrations that clarify important concepts and new media resources that make some of the more challenging material more engaging. Also included are general updates and expanded material in the areas undergoing rapid change due to improved managerial practices, database design tools and methodologies, and database technology.
Artificial intelligence (AI) offers new opportunities to radically reinvent the way we do business. This study explores how CEOs and top decision makers around the world are responding to the transformative potential of AI.
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2. What is Management Information
System?
Management: The organization and coordination of the activities of a
business in order to achieve defined objectives.
Information: It is that which informs, i.e. an answer to a question, as well as
that from which knowledge and data can be derived.
System: A set of detailed methods, procedures and routines created to
carry out a specific activity, perform a duty, or solve a problem.
Management Information System: It broadly refers to a computer-based
system that provides managers with the tools to organize, evaluate and
efficiently manage departments within an organization.
3. An organized approach to the study of the information needs of an
organization's management at every level in making operational, tactical,
and strategic decisions. Its objective is to design and implement
procedures, processes, and routines that provide suitably detailed reports in
an accurate, consistent, and timely manner.
4. Concept of MIS
CONCEPT
The MIS is an idea which is associated with man, machine, marketing and
methods for collecting information’s from the internal and external source
and processing this information for the purpose of facilitating the process of
decision-making of the business.
5. Importance of MIS
Organizations have multiple functional systems. These usually include sales
systems, call center systems, financial systems, inventory systems, logistic
systems and more. MIS combines information from multiple systems. This helps
management staffers better understand their own departments' contributions.
In many cases, the combination of data, such as sales figures combined with
available inventory, help the manager take the appropriate action in order to
meet the customer's needs.
1. To control the creation and growth of records.
2. To reduce operating costs.
3. To improve efficiency and productivity
6. 4. To assimilate new records management technologies.
5. To ensure regulatory compliance.
6. To minimize litigation risks.
7. To safeguard vital information.
8. To support better management decision making.
9. To preserve the corporate memory.
10. To foster professionalism in running the business
7. Characteristics of a Management
Information System
Provides reports with fixed and standard formats.
Hard-copy and soft-copy reports.
Uses internal data stored in the computer system.
End users can develop custom reports.
Requires formal requests from users.
Provides support to managers as they work to achieve corporate goals.
Enables managers to compare results to established company goals and
identify problem areas and opportunities for improvement.
8. Goals of an MIS
Provide managers with information.
Regular, routine operations.
Control, organize and plan better.
9. Functional Perspectives of MIS
1. Financial MIS
Will integrate information from multiple sources.
Functions:
Costing
Profit & Loss reporting
Auditing
Funds management
10. 2. Manufacturing
Design and Engineering
Master Production Scheduling
Inventory Control
Materials Planning
Manufacturing and Process Control
Quality Control
11. 3. Marketing
Market research
Web-based market research
Pricing
4. Transportation and Logistics
Route and schedule optimization
5. Human Resources Accounting
12. Role of MIS
The role of MIS in an organization can be compared to the role of heart in the body.
The information is the blood and MIS is the heart. In the body the heart plays the role of
supplying pure blood to all the elements of the body including the brain.
The MIS plays exactly the same role in the organization.
The system ensures that an appropriate data is collected from the various sources,
processed, and sent further to all the needy destinations.
13. Components of MIS
1) Marketing Research System (MRS)
Marketing research can be seen as the systematic and objective search for and analysis of
data and information relevant to the identification and solution of any problem in the field
of marketing.
14. 2) Marketing Intelligence System (MIS)
The process of acquiring and analyzing information in order to understand the market (both
existing and potential customers); to determine the current and future needs and
preferences, attitudes and behavior of the market; and to assess changes in the business
environment that may affect the size and nature of the market in the future.
15. 3) Internal Record System (IRS)
Marketing managers rely on internal reports on orders, sales, prices, costs, inventory levels,
receivables, payables, and so on. By analyzing this information, they can spot important
opportunities and problems.
16. 4) Decision Support System(DSS)
A decision support system (DSS) is a computer-based information system that supports
business or organizational decision-making activities. DSSs serve the management,
operations, and planning levels of an organization and help to make decisions, which may
be rapidly changing and not easily specified in advance.
17. Types or Classification of MIS
Transaction processing systems: These systems process a large volume of routine,
recurring transactions.
Operations information systems: These systems gather comprehensive data, organize it
and summarize it in a form that is useful for managers.
Decision support systems: These systems help mangers with the necessary information to
make intelligent decisions.
Expert systems: They are meant to mimic humans in making decisions in a specific field.
19. Structure of MIS
Physical Components – hardware, software, database, procedures and
input & output.
Information System Processing Functions
- to process transactions, to produce reports and process enquiries.
Decision Support- structured, unstructured and semi-structured.
Levels of Management Activities
Organizational Functions
20.
21. Strategic Planning for MIS
Strategic planning for an organization involves long-term policy decisions, like
location of a new plant, a new product, diversification etc. Strategic planning
is mostly influenced by:
• Decision of diversification i.e., expansion or integration of business
• Market dynamics, demand and supply
• Technological changes
• Competitive forces
• Various other threats, challenges and opportunities
22. Strategic planning sets targets for the workings and references for taking such
long-term policy decisions
and transforms the business objectives into functional and operational units.
Strategic planning generally follows one of the four-way paths:
• Overall Company Strategy
• Growth orientation
• Product orientation
• Market orientation
23. Strategic Planning for MIS with regard
to following aspects of business:
Operational Excellence
- to achieve higher profitability.
- to get maximum reach to the customers and exposure.
New Products, Services and Business Models
- to establish, consolidate and maintain a leadership in the existing market as
well as provide a competitive edge in the industry.
Services and Business Models
Customer and Supplier Intimacy
Improved Decision-making
- to provide the right information at the right time to the right person, for
making an informed decision.
Competitive Advantage, and Survival
24. MIS in various levels of management
High level (strategic)
Long-range view
Planning
Middle level (tactical)
Carry out the plan
Assemble the material
Hire the resources
Organize and staff
Low level (operational)
Supervisor
Directing and controlling