Friday, 6 January 2012

Nature and role of a management information system (MIS) its benefits and challenges

Nature and role of a management information system (MIS) its benefits and challenges

Definition: Management Information Systems (MIS) is the name given to the area directed to the integration of computer systems with the goals and purposes of an organisation.

The growth and management of information technology gear helps the workforce in performing any jobs associated with the handling of information. MIS systems are mainly valuable in the spread of business data and the production of reports to be used as apparatus for decision making.


 MIS is an integrated system of information plans intended to improve decision-making efficiency.

1. A good MIS is precise, well-timed, comprehensive, significant both in structure and content and accessible when required.

2. The mechanisms of a MIS are managers, their information requirements, data origins, the data pool, information and decision.
 
3. Benefits of MIS are: it saves time, money and labour; there is improvement in production and marketing practices; it also improves competitiveness and profit margins.

  
Challenges of an MIS system, for example:
(i) There is the cost of setting up and maintaining (establishment, maintenance and security);
(ii) There is the cost of training (human resource development)
(iii) There is also human error causing discrepancies.

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