The overall purpose of MIS is to provide profitability and related information to help managers and staff understand business performance and plan its future direction.
IMPORTANCE OF MIS:
1. MIS is always management oriented and keeps in view every level of management and gets the desired information.
2. Integrated - refers to how diff components(sub systems) are actually tied up together. eg: diff departments of organization linked together.
3. Useful for planning - as every organization makes log-term and short-term plans with the help of information like sales & production, capital investments, stocks etc management can easily plan..
4. Effective MIS helps the management to know deviations of actual performance from pre-set targets and control things.
5. its important for increasing efficiency.
6.MIS provides updated results of various departments to management.
7.MIS is highly computerized so it provides accurate results.
8.MIS adds to the intelligence, alertness, awareness of managers by providing them information in the form of progress and review reports of an ongoing activity.
9.Helps managers in decision- making.
importance of MIS in the present scenario
what is the importance of strategic planning in mis?
I need the mis case study with answers
Pitfalls in MIS Development • Organization does not have a reliable management system • Organization has not defined its mission clearly • Organization's objectives have not been specified • Management lacks interest in MIS development process & relies solely on MIS development's specification. • Communication gap exists between MIS development team and the management • MIS development team is incompetent
The main objective of MIS is to improve the management decision making, by providing accurate and up-to date information about the key aspects of organisational performance.
importance of MIS in the present scenario
What is the importance of MIS in banking sectors?"
what is the importance of strategic planning in mis?
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Management information system (MIS) has most importance for every new company. Every company needed all information about employ, work, etc to management of their companies. MIS is the system that provide information to the company.
The overall purpose of MIS is to provide profitability and related information to help managers and staff understand business performance and plan its future direction.
To maintain records into a data base for future planning. To make managers aware of the strengths and weaknesses of their management systems.
1) Accounting MIS 2) Financial MIS 3) Manufacturing MIS 4) Marketing MIS 5) HR MIS
MIS cycle ?
What are the essencial componants of an effective mis and why
The opposite of "mis" is "correct" or "right."
ess in mis which means Management Information Systems,