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mis assgn

mis assgn

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Published by Nishita Shivkar

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Published by: Nishita Shivkar on Apr 16, 2011
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07/27/2014

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 NCRDS STERLING INSTITUTE OF MANAGEMENT  STUDIES SUBJECT:- MANAGEMENT INFORMATION SYSTEMASSIGNMENT NO. :- 1, 2, 3 SUBMITTED TO:- PROF. SANDEEP PONDE  SUBMITTED BY:- NISHITA SHIVKAR ROLL NO:- 88 MMS FY-B
 
ASSIGNMENT - 1
1. Define management information system? Discuss itsobjectives?
MIS (Management Information Systems) is a general term for the computer systems in an enterprise that provide information about its business operations.It's also used to refer to the people who manage these systems. Typically, in alarge corporation, "MIS" or the "MIS department" refers to a central or centrally-coordinated system of computer expertise and management, oftenincluding mainframe systems.MIS is a formalised computer information system which can integrate data fromvarious sources to provide the information necessary for decision-making at themanagement level.. 
OBJECTIVES OF MIS
y
 
MIS allows all participants, both management and staff, to view, analyze,and interpret useful data to set goals and objectives.
y
 
G
enerates competitive advantages: Businesses succeed or fail based onhow they face competitive challenges. MIS, if implemented properly, pr 
y
 
P
rovides a wealth of information to allow management to constructeffective plans to meet, and beat, their competition.
y
 
Managers play a key role in any organization. They are responsible for taking decisions appropriate to the need of the market. Informationsystems have become the main tool used by managers in decisionmaking.
y
 
H
ow the market is currently allocated?
y
 
W
hich is the competitor¶s product offers to hold share in the market?
y
 
P
ros and cons of this product.
DISCUSS THE ROLE OF MANAGEMENT INFORMATION SYSTEM INTHE ORGANISATION STRUCTURE
??
 
 
The MIS system ensures that an appropriate data is collected from thevarious sources, processed, and sent further to all the needy destinations.The system is expected to fulfill the information needs of an individual, a
 
group of individuals, the management functionaries: the managers and thetop management.
 
The MIS helps the clerical personnel in the transaction processing andanswers their queries on the data pertaining to the transaction, the statusof a particular record and references on a variety of documents.
 
The MIS helps the middle management in short them planning, targetsetting and controlling the business functions. It is supported by the useof the management tools of planning and control operations of anorganization.The MIS plays the role of information generation, communication, problemidentification and helps in the process of decision making. The MIS, therefore, plays a vital role in the management, administration and MIS can also be usedacross 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.
DISCUSS THE VARIOUS CATEGORIES OF MIS & THEIR ROLE INDECISION MAKING
.. 
Management information systems can be used as a support to managers to provide a competitive advantage. The system must support the goals of theorganization. Most organizations are structured along functional lines, and thetypical systems are identified as follows:
Accounting
ma
n
a
ge
m
ent
 
infor
ma
tion
sys
te
ms
: All accounting reports areshared by all levels of accounting managers.
F
in
a
nci
al ma
n
a
ge
m
ent
 
infor
ma
tion
sys
te
ms:
The financial managementinformation system provides financial information to all financial managerswithin an organization including the chief financial officer. The chief financialofficer analyzes historical and current financial activity, projects future financial

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