Management information systems (MIS) provide the right information to the right people at the right time and place in the right form at the right cost. MIS integrates humans and technology to collect and organize data into useful information to support operations, management, and decision-making. MIS is a software tool that processes information into holistic reports to help management make crucial decisions by aiding decision-making, coordination, problem identification, and business performance comparisons.
Management information systems (MIS) provide the right information to the right people at the right time and place in the right form at the right cost. MIS integrates humans and technology to collect and organize data into useful information to support operations, management, and decision-making. MIS is a software tool that processes information into holistic reports to help management make crucial decisions by aiding decision-making, coordination, problem identification, and business performance comparisons.
Management information systems (MIS) provide the right information to the right people at the right time and place in the right form at the right cost. MIS integrates humans and technology to collect and organize data into useful information to support operations, management, and decision-making. MIS is a software tool that processes information into holistic reports to help management make crucial decisions by aiding decision-making, coordination, problem identification, and business performance comparisons.
BBA-A VI SEM Right information To the right person At the right time At the right place In the right form At the right cost MANAGEMENT – Management is function to do the work at the right time, by the right person, for the right job. INFORMATION – Information is the collection of organised data which plays a vital role for decision making. SYSTEM – System consist for a set of elements which provides a framework to convert unorganized(data) into organized information. MIS is defined as an integrated system of man and machine for providing the information to support the operations, mgmt, and the decision making function in the organization. MIS is basically a software tool which gives a holistic report of processed information based on which mgmt. can take certain crucial decision on which a strategy & tactics could be figured out. 1. Helps in decision making 2. Helps in coordination 3. Helps in finding out problems 4. Helps in Comparison of business performance Information database