MODULE-1Management information system
A management information system (MIS) is a system that provides information needed to manage organizationseffectively.Management information systems are regarded to be a subset of the overall internal controls procedures in a business, which cover the application of people, documents, technologies, and procedures used by managementaccountants to solve business problems such as costing a product, service or a business-wide strategy.Management information systems are distinct from regular information systems in that they are used to analyzeother information systems applied in operational activities in the organization.Academically, the term is commonly used to refer to the group of information management methods tied to theautomation or support of human decision making, e.g. Decision Support Systems, Expert systems, andExecutive information systems
An 'MIS' is a planned system of the collection, processing, storage and dissemination of data in the form of information needed to carry out the management functions. In a way, it is a documented report of theactivities that were planned and executed. According to Philip Kotler "A marketing information systemconsists of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed,timely, and accurate information to marketing decision makers."
The role of a
management information system
(MIS) is to provide a manager with sufficient information to makeinformed decisions to help him to carry out the above functions. The best definition of an MIS is:The role of a management information system is to convert data from
sources intoinformation that can be used to aid in making
for planning, directing and controlling.2