BY AMIT HATWALNE 36 GEETANJALI JOHAR 38

€ INTRODUCTION AND DEFINITION € NEED FOR MIS € OBJECTIVES OF MIS € APPROACHES OF MIS .

retrieval . € MIS is defined as a combination of human and computer based resources that result in collection . . communication and use of data for the purpose of efficient management of operations and for business planning.€ Management information systems (MIS) deals with the information requirements of the business organisation. storage .

€ It is viewed as a means of converting data into information for the purpose of decision making. is based on the fundamental principles and practices of management € MIS € It . uses both human and capital resources.

€ It facilitates proactive and reactive decision making.€ It is needed for performing management functions effectively. € It can act or function both as an instrument of defense as well as a weapon for offense with strong strategic planning base. . € Minimize the element of surprise. € For effectively decision making.

€ To ensure information overload situation as well as generation of redundant information is avoided.€ To provide right type of accurate information at the lowest cost and the right time. € The main function of MIS is to help the managers and the executives in the organization in decision making. € To ensure that managerial activities are provided with adequate and appropriate information support. .

. Behavioural Approach. Technical Approach 2.€ There are two approaches to MIS: 1.

Centered around mathematical and normative models. technology and capabilities of systems. € . Management Science and Operations Research. € Computer Science. € Emphasizes on scientific modeling of businesses.

4. 3. Business integration. approach deals with issues of: Design.€ It looks at the psychological. € This 1. sociological and economic aspects of the system. Implementation. 2. Management. .

alertness. awareness of managers by providing them information in the form of progress and review reports of an ongoing activity. € Effective MIS helps the management to know deviations of actual performance from pre-set targets and control things. € MIS is highly computerized so it shows accurate results.€ MIS is always management oriented and keeps in view every level of management and gets the desired information. € MIS adds to the intelligence. .

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