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Challenges in studying MIS:
Some of the distinguishing challenges that the people face while planning, using or approving management information systems are:
• MIS requires a wide variety of knowledge areas including accounting, finance, marketing and manufacturing. Therefore having both technical and practical experience in these subjects is very useful.
• Both technology and technology-related products are emerging at very high pace. Consequently no one possibly be proficient in all new technologies and compromises have to be taken.
• Many terms used in MIS are inaccurate and controversial because of high pace of new hardware, software and communication technology.
• MIS problems are difficult to define. Some times a situation may be seen as a problem but in fact it may be a symbol only.
• Not like other subjects like Physics, Chemistry that exists probably from very beginning, MIS has only been recognized as a separate field of study in 1960s.
• A large number of important areas of MIS are still not touched as said by many professionals.
• There is a lack of sympathetic relationship between MIS personnel and users and management and MIS personnel because employees are more loyal to their profession rather than needs of the organizations.
• No universal standards have been established regarding how much to spend on MIS
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Why is mis looked upon as strategic need of mgt today?
Find out why MIS looked upon as a strategic need of management today?
Why is MIS looked upon as a strategic need of management ...?
Find out why MIS looked upon as a strategic need of management today?
What is the importance of MIS?
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.
What are the effects of MIS on business?
Management information systems help the organization run. Managers can see exactly what is going on in each organization using an effective information system.
What is the difference between the ability of a manager to retrieve information instantly on demand using an MIS and the capabilities by a DSS?
Managers have traditionally relied on the capabilities of MIS to obtain the data that they required. However, the information for these requests had traditionally been structured in advance, and was of the structured type of request. In a DSS support system, the capabilities are much broader. Now managers can query the information in a number of ways, and these systems can handle the ad hoc queries that come about. DSS provide the capabilities for a manager to participate in interactive analytical modeling in order to make more informed decision. DSS software is capable of supporting semistructured and unstructured decisions faced by individual managers. They are designed to use decision maker's own insights and judgments in an ad hoc, interactive, analytical modeling process which will lead them to a specific decision.
Importance of MIS?
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.
Why is MIS looked upon as a strategic need of management today?
Find out why MIS looked upon as a strategic need of management today?
Why is mis looked upon as strategic need of mgt today?
Find out why MIS looked upon as a strategic need of management today?
What is balanced mis?
From management point of view the balanced MIS is an approach to performance measurement that combines traditional financial measures with non-financial measures to provide managers with richer and more relevant information about activities they are managing.
What is difference between marketing information systems and marketing research?
MIS is the interpretation of information while marketing research is the gathering of information. MIS is used by managers for planning, leading and organising.
Why is MIS looked upon as a strategic need of management ...?
Find out why MIS looked upon as a strategic need of management today?
What is the example of MIS?
An example of Management Information Systems (MIS) is a software that helps a company track sales, inventory, and customer data to make informed business decisions. MIS systems can generate reports, forecast trends, and streamline operations by providing real-time information to managers for decision-making.
What resource tells the managers of a business how effectively the other three resources are being combined and used?
The resource that tells managers how effectively the other resources are being combined and utilized is the management information system (MIS). This system collects and analyzes data from various organizational resources such as personnel, finance, and operations to provide insights into overall performance and efficiency. Managers can use MIS reports to make informed decisions and optimize resource allocation.
What is can I return my shoes today in Spanish?
Puedo regresar mis zapatos hoy?
What is the importance of MIS for tourism industry?
To maintain records into a data base for future planning. To make managers aware of the strengths and weaknesses of their management systems.
What is the chalanges of mis?
Some challenges of managing information systems include ensuring data security and privacy, managing complex technology infrastructures, and staying updated with rapidly evolving technology trends. Additionally, balancing the costs of technology investments with the potential benefits and maintaining alignment with organizational goals can also be challenging.
What is the importance of MIS?
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.
