In case you happen to be doing a homework for eLearning(Amity)...my guess is:
A long-term planning for MIS is essential as it's focus is strategic in nature, and are long term in nature and hence it's development and budgeting has to be planeed for if MIS is to be used and expanded but some parts are also medium term as in tactical, and short term as in operational. Without a long term plan integrating MIS of all three levels is difficult. Since business plan are by nature long term, its integration with MIS and its support to strategic nature is also long term. MIS is very much part of a business operation as it is like any long term assets, such as building and equipment. Without information or MIS, a transaction, plans required to managed becomes very difficult to compete in today's world without information.
A strategic information system should align with the organization's goals and objectives, providing a competitive advantage through enhanced decision-making and operational efficiency. It should facilitate improved data management and analytics, enabling timely insights that drive strategic initiatives. Additionally, it must support innovation and adaptability, allowing the organization to respond effectively to market changes and customer needs. Ultimately, the system should contribute to long-term growth and sustainability.
Long-Term Capital Management was a hedge fund management firm. The company, which was founded by John Meriwether, was based in Greenwich, Connecticut but collapsed in the 90's.
information technology has emerged as the fundamental technology of business. information system has brought revolution in business. The barrier to communication has been over come to a great extent time and distance has been conquered to a great extent by the system. Technology is an enabler for more effectively managing the business, but does not solve the problem unless it is tied directly to business and governance objectives. There is an urgent need for IT in underdeveloped areas where access to even the smallest bits of knowledge can have far-reaching, long term effects Management Information system will help understand how all firms today, large and small, local and global, use information systems to achieve important business objectives, such as operational efficiency, customer and supplier intimacy, better decision making and new products and services. Data management .By using databases and data tools you can spot trends and make business decisions. Humanity has progressed from agricultural revolution to the industrial revolution and is now moving to an information revolution.
Without the proper training to use an information system, renders the information system obsolete. Training and development helps in increasing the job knowledge and skills of employees at each level. It helps to expand the horizons of human intellect and an overall personality of the employees. It is particularly important to train users of an information system because it helps in increasing the productivity of the user. That in turn helps the organization further to achieve its long-term goal.
this answer to this question is very lOng...
The McDonalds have been using the information system from as early as 1940s(over 70 years), making use of decision support systems, transaction processing systems, and management information systems.
Human relations issues, such as projecting employee retirement liability, are important to long-term employment policy.
Please give me the brief answer for " Explain hw management information systems can be effectively used fo various decision making purposes in a management concern?
Fleet management is basically looking over a companies fleet of vehicles and making sure they are doing their jobs properly. This website has a full job description along with various tasks and responsibilities of a fleet manager! I wish you luck! http://careers.stateuniversity.com/pages/817/Fleet-Manager.html
A septic system is appropriate for wastewater management in rural or suburban areas where centralized sewage treatment facilities are not available. It is suitable for properties with sufficient land to accommodate the system, allowing for adequate drainage and soil absorption. Additionally, it is ideal for households with a moderate number of occupants, ensuring that the system can effectively handle the volume of wastewater produced. Proper maintenance and adherence to local regulations are essential for the system's long-term functionality and environmental safety.
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Ask your prescribing doctor for information. He will have the best information for you.
By ensuring that all financial decisions are in line with long-term objectives, an efficient financial management system is essential to safeguarding retirement and family wealth. Such a system provides a comprehensive comprehension of one's financial situation, allowing for careful planning and allocation of resources. It assists people and families with debt management, savings optimization, and spending tracking—all of which are essential for long-term asset protection. Financial management firms such as Lui's Provident Financial Services stress the value of developing customized financial plans to achieve changing goals. They assist clients in better managing their wealth by concentrating on services such as secure retirement planning, life insurance, and estate preparation. By minimizing unnecessary financial responsibilities, safeguarding assets for future generations, and planning for unforeseen life occurrences, their strategy guarantees that families have a clear plan for their financial future.
An information system (IS)
An information system (IS)
A strategic information system should align with the organization's goals and objectives, providing a competitive advantage through enhanced decision-making and operational efficiency. It should facilitate improved data management and analytics, enabling timely insights that drive strategic initiatives. Additionally, it must support innovation and adaptability, allowing the organization to respond effectively to market changes and customer needs. Ultimately, the system should contribute to long-term growth and sustainability.
not for long because an animal neds the digestive system to provide essential amino acids and essential vitamins and minearals which said animal could not live without