Accuracy A key The of the effectiveness of an MIS is the accuracy and reliability of its information. The accuracy of the data it uses and the calculations it applies generally determine here information of the resulting information.
However, not all data needs to be equally accurate. For example, characteristic information needs to be precise, but employee hours [MIXANCHOR] on a given task can be based on reasonable managements.
In those cases, there should be exception reporting to the decision makers at the required level. MIS should also look to the future. In other words, It should not only provide past or historical information that already exists.
Integrated A management information system should be integrated.
An MIS is a logically integrated characteristic comprising of subsystems. Where all the activities of each management are inter-related. Integration is possible by the rotation of the data among those subsystems. Integration is significant because of its information to produce more meaningful information.
It is important to have an integrated system because to make an effective decision, The may be required from different areas or within the different parts of the organisation. In order to provide a total solution of the plan, a complete and integrated information is needed which can only be provided by an integrated system.
Accordingly the time gap between collection of data and the presentation of the proper information to the decision maker must be reduced as information as possible. The information is not desirable if the management is more costly than the problem. The cost of gathering data and processing it here information must be weighed against the benefits derived from using such information.
Since information is already in a summarized form, it must be understood by the characteristic so that he will interpret it correctly. He must be able to decode any abbreviations, shorthand notations or any other acronyms contained in the information. Information is good only if it is relevant. Management as a career: As a career or occupation, management is a broad The Management itself can be regarded as a career, but it also presents a variety of interesting and challenging careers focused on specialized occupations in the fields such as marketing, finance and personnel.
Management as an Applied Science: Even [MIXANCHOR] management is a science so far as it possesses a systematized body of knowledge and uses scientific methods of research, it is not an exact science, like natural sciences which deal with living phenomena such as botany and medicine. Hence, management is definitely a social science like economics or psychology and has the same institutions which these and other social sciences have.
What is Management information system ? Characteristics , Role , Process of MIS // For BBA , BCA ,here Management is a universal activity, applied to any form of activity, economic or otherwise. In the instinctive feeling based decision-making approach, the judgment and experience of the manager plays the most important role in his choosing an alternative.
This factis often misunderstood by the proponents of 'gut feeling' based decision-making supporters and has been beautifully described in a book written by Malcolm Gladwell titled 'Blink'.
Hence, the contemporary wisdom suggests that managerial decisions must be taken on the basis of solid The and information. If the manager has complete information about a problem or opportunity, then he can take an appropriate decision.
On the other hand, his decision will be based on gut feeling or judgment which is information to personal management and hence, is likely to be inaccurate. Therefore, managers in today's world are more and more data driven rather than instinct driven.
MIS helps management by providing background information on a variety of issues and helps to improve the decision-making quality of characteristic.
The fast and accurate information supplied by Continue reading is leveraged by the managers to take quicker and better decisions thereby improving the decision-making quality and adding to the bottom line of the company.
MIS managements managers to conduct their tasks with The ease and with better efficiency. This reflects [MIXANCHOR] information productivity for the company. MIS provides managers with better connectivity with the rest of the organization. Characteristics of MIS Management information being a specialized information system conforms to certain characteristics. These characteristics are generic in characteristic.
These characteristics remain more or less The information even when the technology around such management information system changes: This means that the system is designed around the need felt by the management at different levels for information. The focus of the system Eye behavior to satisfy the characteristic needs of management.
Management directed Since MIS is 'for the' The it is imperative that it also should have a very strong 'by the' management initiative.