Meaning of MIS

a computer-based system that provides managers with the tools for organizing, evaluating and efficiently running their departments.

includes software, database and hardware resources.

a

system that produce summary information about normal business activities to middle and upper-level management.

Definition of MIS
MIS is defined as
1.A system which provides information support for decision making in the organization.
2.An integrated system of man and machine for providing the information to support the operations, the management and the decision making function in the organization. 3.A system based on the database of the orgn evolved for the purpose of providing information to the people in the orgn. 4.A computer-based information system
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FUNCTIONAL SUPPORT ROLE

Decision support role

Performance monitoring role

PURPOSE & Scope of MIS

Interdependence b/w Orgn & IS

Why firms invest in IS ?

to achieve 6 strategic business objectives
Operational excellence: Efficiency, productivity, & improved business practices & management behavior New products, services, & business models: IS & technologies create opportunities for products, services, & new ways to engage in business. Customer & supplier intimacy: Improved commn with customers raises revenues, & improved commn with suppliers lowers costs.
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Why firms invest in IS ?

Improved decision making Competitive advantage: Implementing effective & efficient IS can allow a company to charge less for superior products, adding up to higher sales and profits than their competitors. Survival: IS can also be a necessity of doing business: a) driven by industry-level changes, (ATMs in retail banking). b) driven by governmental regulations, requiring a business to retain data & report specific information.
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