Question what are the main features of management information system(MIS)?Discuss the main reasons for success and failures of information system
Answer ROBEL,
HERE IS SOME USEFUL MATERIAL.
REGARDS
LEO LINGHAM
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What are the main features of an MIS? Discuss the main reasons for success and failure of
an information system?
MANAGEMENT INFORMATION SYSTEM
MIS is an integrated information system, which is used to provide
management with needed information on a regular basis .
The term system in MIS implies ORDER, ARRANGEMENT, and
PURPOSE.
The information can be used for various purposes,
-strategic planning
-delivering increased productivity
-reducing service cycles
-reducing product development cycles
-reducing marketing life cycles
-increasing the understanding of customers' needs
-facilitating business and process re-engineering.
MIS can also be used across the organization as an information
utility to
-support policy making
-meet regulatory and legislative requirements
-support research and development
-support consistent and rapid decision making
-enable effective and efficient utilization of resources
-provide evidence of business transactions
-identify and manage risks
-evaluate and document quality, performance and achievements.
MAKING INFORMATION AVAILABLE
The availability of information is fundamental to the decision making
process. Decisions are made within the organization at
-STRATEGIC
-OPERATIONAL
-PROGRAMMES
-ACTIVITY LEVEL.
The information needs and decision making activities of the
various levels of management
SENIOR MANAGEMENT
Strategic business direction
-information for strategically positioning the organization
-competitive analysis and performance evaluation,
-strategic planning and policy,
-external factors that influence the direction
etc
MID LEVEL MANAGEMENT
Organizational and operational functions
-information for coordination of work units
-information for delivery programmes
-evaluation of resources usage
-budget control
-problem solving
-operational planning
etc
MID LEVEL MANAGEMENT
Programme management within units
-information for implementing programmes
-information for managing programmes
-management of resources usage
-project scheduling
-problem solving
-operational planning
etc
LINE MANAGEMENT
Activity management
-information for routine decision making
-information for problem solving
-information for service delivery
etc.
MANAGEMENT SUPPORT SYSTEMS
The management oriented support systems provide support
to various levels of management.
Executive Information Systems allow executives to see where a
problem or opportunity exists.
Decision Support Systems are used by mid-level management
to support the solution of problems that require judgement
by the problem solver.
Line Managers use Management Reporting Systems for
routine operational information.
FUNCTIONAL INFORMATION SYSTEMS
These include
-Accounting Information Systems
-Marketing Information Systems
-Enterprise Information Systems
-Decision Support Information Systems
-Executive Information Systems
-Quality Management Information Systems
-Manufacturing Information Systems
-Financial Information Systems
-Human resource Information Systems
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FOR MANAGEMENT , MIS
-PROVIDE INFORMATION FOR DECISION MAKERS TO MAKE SOLUTIONS
FOR THE MOST CHALLENGING SITUATIONS.
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-PROVIDE INFORMATION FOR MAKING STRATEGIC DECISIONS
IN A COMPETITIVE SITUATION.
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-PROVIDE INFORMATION FOR STRATEGIC PLANNING
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-PROVIDE INFORMATION FOR CORPORATE PLANNING
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-PROVIDE INFORMATION FOR BUSINESS PLANNING
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-PROVIDE INFORMATION FOR MARKETING PLANNING
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-PROVIDE INFORMATION FOR INDUSTRY BENCHMARKING.
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-PROVIDE INFORMATION FOR PROCESS ENGINEERING
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-PROVIDE INFORMATION FOR PRICING MANAGEMENT
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-PROVIDE INFORMATION FOR REVENUE MANAGEMENT
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-PROVIDE INFORMATION FOR DEVELOPING STRATEGIC ALLIANCES.
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-PROVIDE INFORMATION FOR ALLOCATING OF RESOURCES
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-PROVIDE INFORMATION FOR RESOURCE MANAGEMENT
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-PROVIDE INFORMATION FOR MANAGEMENT INFORMATION SYSTEMS
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-PROVIDE INFORMATION FOR Identifying strategic shifts and positioning WITH clients in anticipation of several possible outcomes – scenario planning --is a core part of our strategic and tactical planning.
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-PROVIDE INFORMATION TO SEE Changes in market conditions, technical advances, and economic issues will all affect THE INDUSTRY / BUSINESS in the future.
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-PROVIDE INFORMATION TO find the most effective marketing strategies in order to succeed in these challenging times.
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-PROVIDE INFORMATION FOR PROPRIETARY DATABASES AND ANALYTICAL SUPPORT.
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-PROVIDE INFORMATION ON ECONOMIC CONDITIONS-PAST/PRESENT/FUTURE.
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-PROVIDE INFORMATION THAT enables to provide valuable understanding of the opportunities, challenges, potential pitfalls and market implications
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-PROVIDE INFORMATION WHICH helps organizations realize the most value from their assets.
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-PROVIDES INFORMATION TO CONDUCT
portfolio management, remarketing assistance, sale and lease negotiations, asset sourcing and acquisition, appraisal and valuation, auditS and management and expert testimony.
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-PROVIDE THE RIGHT INFORMATION for a clear and disciplined approach to
financial planning is vital to ensure success.
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-PROVIDE INFORMATION FOR OBJECTIVE PLANNING.
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-PROVIDE INFORMATION FOR the execution of effective business planning and sound management usually defines these differences in profitability.
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-PROVIDE INFORMATION TO analyze and prioritize the BUSINESS drivers to help to achieve a superior competitive position. Vital to this process is an understanding of the economic advantages of scale and scope.
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-PROVIDES INFORMATION FOR Operational excellence results in the attainment of world-class quality and productivity in the delivery of services to customers
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-PROVIDES INFORMATION to develop a clear understanding of their operating practices and associated costs, particularly relative to competitors.
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When running a BUSINESS, the right information systems can have a critical impact operating costs, operating effectiveness, and customer satisfaction.
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-WHAT IS THE OBJECTIVE OF THE MANAGEMENT IN USING MIS
THE OBJECTIVE IS TO PROVIDE THE MANAGEMENT, A RANGE OF
Business Intelligence
Business Performance Management
Business rules
Data Mining
Predictive analytics
Purchase order request
Enterprise Architecture
Information technology management
Knowledge Base
Online analytical processing
ETC ETC
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-WHAT ARE THE EXPECTATIONS OF THE MANAGEMENT OF MIS
The major EXPECTATIONS of MIS are to:
reach an understanding of the relevant processes on the basis of the available historic information. This element forms the basis for the development of models, required for forecasting and simulation.
provide information on the current situation, especially for early warning purposes, for instance related to issues impacting on business, resources or business status.
forecast changes and impacts, either natural or man-made, as an element in vulnerability assessments.
forecast the consequences of policy decisions and measures before they are implemented in reality. This implies evaluating options for several given scenarios based on the possible results and predicted consequences, and selecting the most acceptable alternative.
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THE SUCCESS/ FAILURE OF MIS DEPENDS ON TWO FACTORS.
1.MIS developers
-done a through needs analysis for information requirements.
-tailor the information system for the organization requirements.
-user friendly.
2.USERS
-all managers/ staff are well trained to use the information.
-the benefits are evaluated.
