Objective of management information system

Objectives of Management Information Systems by Anam Ahmed - Updated June 26, The more knowledge a business has about its performance, the better the chances it has of success. By fully understanding the financial and corporate picture, the senior management team is in a better position to make key decisions that affect the company. This is where the Management Information System comes in. An MIS is a computerized database that collects, processes, stores and communicates information relating to all levels of an organization.

Objective of management information system

Definition and Objectives Article shared by: With the coming of the computer age, management information system [i. MIS is becoming popular in the corporate circle for giving quick information to the management. The purpose of MIS is reporting and is to provide the necessary information to the managers and supervisors at various levels to help them to discharge their functions of organising, planning, control and decision making.

MIS is a scientific way of collecting; processing, storing and communicating information relating to the various activities of an organisation to the various levels of management so that management may be facilitated in discharging its functions efficiently and run the organisation in an efficient manner for the betterment of all.

MIS enhances the quality of management and growth of the organisation by providing timely, accurate and meaningful information for planning, organisation and control, No management can ever succeed without continuous appraisal of its performance and MIS by providing timely and meaningful information can be helpful in this regard.

MIS should be developed keeping in mind the information needs of all managers and it should be based on cost- benefit analysis.

It should be designed in such a way that it covers all aspects of the organisation and it should be flexible to meet changing management needs and changing inputs.

Management information system is a system designed in an organisation to provide right information at the right time to facilitate managerial decision making. The need for management information system has arisen because managerial decision making has become very complicated due to fast changing economic, political, social, and technological changes.

The old techniques of decision making such as intuition, rule of thumb etc. Modern managements assemble both quantitative as well qualitative information which can be used for analysing the pros and cons of various alternative courses of actions and thereby facilitating the best course of action.

Thus, modern management functions are information oriented. Therefore, it is very difficult to manage effectively without an efficient management information system. Definition of Management Information System: It is designed within a framework that emphasises profit planning, performance planning and control at all levels.

It provides relevant information to each manager to make right decisions and stimulates his actions. It is a systematic approach to provide useful information for effective managerial functioning in the form of suitable reports.

Objectives of Management Information System: The following are the objectives of a management information system: MIS is very useful for efficient and effective planning and control functions of the management.

Management is the art of getting things done through others. MIS will be instrumental in getting the things done by providing quick and timely information to the management.

MIS Information Need & Objective

Reports give an idea about the performance of men, materials, machinery, money and management. Reports throw light on the utilisation of resources employed in the orgnisation. MIS is helpful in controlling costs by giving information about idle time, labour turnover, wastages and losses and surplus capacity.

By making comparison of actual performance with the standard and budgeted performance, variances are brought to the notice of the management by MIS which can be corrected by taking remedial steps.1. Management Information System is always management oriented and keeps in view every level of management and gets the desired information.

2. Integrated – refers to how different components(sub systems) are actually tied up together.

Objective of management information system

eg: different departments of organization linked together. Jun 26,  · The objective of the system is to measure each component and achieve improvements. Product testing can measure accuracy and compliance with standards while functional testing can .

1. Management Information System is always management oriented and keeps in view every level of management and gets the desired information. 2. Integrated – refers to how different components(sub systems) are actually tied up together.

eg: different departments of organization linked together.

Implications of Information in Business

Management by objectives is the process of defining specific objectives within an organization that management can convey to organization members, then deciding on how to achieve each objective in sequence.

This process allows managers to take work that needs to be done one step at a time to allow for a calm, yet productive work environment. MIS is an information system that provides information in the form of standardized reports and displays for the managers.

MIS is a broad class of information systems designed to provide information needed for effective decision making.

Objective of management information system

A Management Information System is a computerized database that collects, processes, stores and communicates information relating to all levels of an organization. It can help a business make key decisions, meet organizational objectives and pinpoint strengths and weaknesses.

Management by objectives - Wikipedia