Management Information Systems ( Mis )

1. On average, private sector IT projects underestimated budget and delivery time of systems by ________ percent.

Management information systems, also known as MIS, are computer systems that direct business and organize operations or files. Many people wonder why

Information technology and systems are vital to our success personally and professionally, and managers rely on information technology and systems every day. It is these systems that also help to support managers in planning, leading, organizing, and controlling. Many people need access to the same information which requires information to be centralized, accessible, stored, updated, and even customized. In this paper, we will explore how information technology and information systems help managers make decisions and run organizations in the past, today, and in the next five years.

The purpose of this report is to explain what “Management Information Systems” (MIS) is. This report will discuss how management information system helps different departments in an organization. The functions and advantages of using MIS will also be examined in this report.

An information system is a base in today’s business world. Everything is electronic. In various businesses, the survival and ability to succeed strategic business goals is challenging without extensive use of information system. Businesses improve the efficiency of their operations in order to accomplish higher profitablity. Besides that, information systems are important tools available to managers for achieving higher levels of efficiency and productiviy in business operations. For an example, Zara uses the PDA technology to gather customer feedback and input.

A Management Information System is a computerised system that is used to organise, evaluate and efficiently manage departments within an organisation using data that is generated from departments. A Management Information Systems consist of hardware, software, data, procedures and people. Information systems are important as they help to ensure regulatory compliance and they give support to make better decisions for the business. They help to identify any issues within the business.

In this digital Information era, Information Systems has a greater influence on our world than it has ever been before. Modern businesses have been leveraging on IS to optimize business processes, address information needs of employees and various stakeholders and take informed strategic decisions.

Whilst there are many challenges inherent in development of such systems, these systems can offer businesses a number of advantages such as a competitive tool to develop new products and services, integrate with suppliers, compete against rivals, and make effective and efficient changes to business operations. There is a diversity of sophisticated hardware, software and communications technologies, used in information systems in today’s business which makes it sometimes difficult to classify these systems in any one category. Whilst the function of information system can overlap they all seek to benefits business by supporting business processes and operations, supporting decision making by employees and manager and supporting strategies for competitive advantages (Chad, Yu-An & Shu-Woan 2007).

The management Information Systems (MIS) is a system that produces reports. This system assists McDonald’s Corporation in producing reports such as employee schedules and expense reports that allow comparisons to budgets. MIS provides profitability and information to help managers and staffs understand the business performance and plan the future direction ("McD Information System," n.d.).

Management Information Systems are information system that evaluate, analyse, and process an organisation's data to produce meaningful and useful information which the management team can utilise and make right decisions to ensure future growth of the organisation. These systems include a collection of business processes and individual routines (standard operation procedures) which make up the firms business to achieve high levels of organisational performance. For any information to be efficient and effective, and to add value and knowledge to the business, the information needs to be controlled and managed in the business. An information overflow can provide too much data for management to absorb and thus become irrelevant for decision-making (Boone and Kurtz

The administration process in any organization depends mainly on effective decision making. The Management Information Systems (MIS) appeared with the aim to facilitate the planning and decision making process and therefore the administration process by incorporating the processes of collecting, processing, storing, retrieving and communicating information towards a more efficient management and planning in businesses. Therefore; MIS can be defined as a system that transforms data to information that is communicated with management in a proper form (Al-Mamary, Shamsuddin et al. 2013). It is designed for a better communication among management and employees and for serving as an information recording system that support the organization's strategic

1. Define an expert system, describe how it works, and explain its value to business

Management of information systems can be a very difficult topic to understand. Most top businesses in the world all have some form of information system to help their production flourish. Management of information systems, also known as MIS, is a computerized operational system that were designed to help businesses with maximizing benefits from company applications. “An information systems (IS) collects, processes, stores, analyzes, and disseminates information for a specific purpose,” (Rainer, 4). MIS represents the electronic automation of several different kinds of counting, tallying, record-keeping, and accounting techniques. The main purpose of information systems is to give managers feedback about their own performance. This give managers have the ability to monitor their company as whole.

Information technology has had as much impact on our society as the industrial revolution. In the information age, companies are finding that success or failure is increasingly dependent on their management and use of information. Therefore, companies need a good information system that enabled an efficient and effective use of information to give them more competitive advantage (Moscove, Simkin, & Bagranoff, 1999).

A management information system (MIS) is a system of financial information that uses a computerized database. After the information is organized and programmed, it should be able to produce a regular report on operations for every level of management in a company. Obtaining special reports from the system easily should also be possible with its main aim being to give managers feedback about the performance of the institution. It focuses on the management of information systems to provide decision making strategies that are efficient and effective.