Management information system, or MIS, broadly refers to a computer-based system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization. Management Information Systems (MIS) is the study of people, technology, and organizations.
Information isn’t worth much if it doesn’t serve a purpose. MIS students learn how businesses use information to improve the company’s operations. Students also learn how to manage various information systems so that they best serve the needs of managers, staff and customers. MIS students learn how to create systems for finding and storing data and they learn about computer databases, networks, computer security, and lots more.
Listen to 8 min of the course:
What you Learn (Subjects):
Information Systems in Global Business Today
Global E-Business: How Businesses Use Information Systems
Information Systems, Organizations, and Strategy
Foundations of Business Intelligence, Databases and Information Management
Telecommunications, the Internet, and Wireless Technology
Securing Information Systems
Achieving Operational Excellence and Customer Intimacy: Enterprise Applications
Overview of Electronic Commerce
E-Commerce Payment and Security
Managing Knowledge and Collaboration
Building Information Systems
Learning Process of Management information system:
MIS is very useful for efficient and effective planning and control functions of the management. Management is the art of getting things done through others. Management information system will be instrumental in getting the things done by providing quick and timely information to the management.
Reports give an idea about the performance of men, materials, machinery, money and management. Reports throw light on the utilization of resources employed in the organisation.
MIS is helpful in controlling costs by giving information about idle time, labor turnover, wastage and losses and surplus capacity.
By making comparison of actual performance with the standard and budgeted performance, variances are brought to the notice of the management by MIS which can be corrected by taking remedial steps.
MIS brings to the notice of the management strength (i.e., strong points) of the organisation, to take advantage of the opportunities available.
MIS reports on production statistics regarding rejection, defective and spoilage and their effect on costs and quality of the products.