P. 1
MIS

MIS

|Views: 381|Likes:
Published by surajvsakpal

More info:

Published by: surajvsakpal on Jul 04, 2009
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPT, PDF, TXT or read online from Scribd
See more
See less

09/20/2010

pdf

text

original

INFORMATION - Need in An Organisation

Information
Difference Between Data & Information
3)

4)

5)

Information is useful for decision making but data has got no value. Information brings clarity and creates an intelligent human response in the mind. Information is like a finished product whereas data is like raw material.

Characteristics of Information
   

Improves representation of an entity Updates the level of knowledge Reduces Uncertainty Aids in decision making Quality depends upon the mix of these characteristics.

Quality of Information
Four Dimensions:
2. 3. 4. 5.

Utility Satisfaction Error Bias

Organisation and Information
Low

External

TOP MGT

Source of Information

MIDDLE MGT

Structural Information

Internal

OPERATIONAL MGT

High

Value of Information
For decision making under uncertainty, the decision maker feels secured if additional information is received. The information is called a perfect information, if it wipes out uncertainty or risk completely.

The value of additional information making the existing information perfect (VPI) is: VPI = (V2-V1)- (C2-C1) Where V is the value of information and C is the cost of obtaining the information

SEQUENCE OF DEVELOPMENT OF M I S
DATA  Individual elements of a transaction INFORMATION  Is data with meaning INFORMATION SYSTEM  A set of procedures organized to generate information that enables managers to review operational, tactical & strategic planning activities MANAGEMENT INFORMATION SYSTEMS  Designed to provide information for effective planning & tactical decision making

Use of MIS
Top Goal Setting, Policy Exec- Making, Strategic utive planning Middle Division Product Managers Supervisory, Jr.Managers, Supervisors Operational Assistants Clerks

Value of Information
Very High, Meeting Key Acc- High Risk and Uncertainty urate Situation Futuristic UnStructured Unformatted, Regular but Modified frequently Given at fixed Interval, display & print

Decision making High, Meeting Problem solving Precise, Analytical Risk situation Monitoring & Achieving Bus- Decision oriented Iness Goals Proccessed, Problem Low, meeting summarised solving Near certainty And classified for situation & Meeting Current period Targets To know Detailed relating to The current period Status facts

Lowest Large Volume Print

Levels of Management

Nature of Information

Reporting media & Structure

System is a set of interacting or interdependent entities, real or abstract, forming an integrated whole.

SYSTEMS CONCEPTS IN BUSINESS
 

The systems approach is a way of analyzing business problems This approach views the business organization as a system of interrelated parts designed to accomplish goals Each subsystem is a self-contained unit, but is also a part of the whole system Managers need to understand the goals of the business and design the functions of the subsystems to achieve these goals

Market research subsystem Input Manufacturing subsystem Input Marketing subsystem Input Service subsystem Input Process THE FIRM’S SUBSYSTEMS Output Process Output Process Output Process Output Customer needs

Finished goods

Product in use

INFORMATION SYSTEMS

An information system consists of components that interact to achieve the objectives of the business An information system contains elements such as:
 

  

Hardware Software (application s-ware & system sware) Personnel Databases procedures

AN INFORMATION SYSTEM AS A SYSTEM

The major purpose of an information system is to convert data into information The information system is a subsystem of the business system of an organization Information systems that provide information on day to day activities of a business are known as operational systems Information systems that provide information to allow the management to allocate resources effectively are known as tactical systems Information systems that support the strategic plans of a business are known as strategic planning systems

Sales listing Sales transactions Inventory Update Old Inventory master

Reorder report

New Inventory master

An inventory update system

SUBSYSTEM INTERFACES

Interfaces exist between a subsystem and other subsystems Outputs of one subsystem become the inputs of another subsystem If the outputs of one subsystem are incorrect, the next subsystem will be affected

.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->