The MIS is defined as a system based on the database of the evolved for the purpose of providing information to the people in the organization.
MIS
Management information systems are distinct from regular information systems in that they are used to analyze other information systems applied in operational activities in the organization. MIS involve three primary resources: technology, information, and people.
Management information systems are regarded to be a subset of the overall internal controls procedures in a business, which cover the application of people, documents, technologies, and procedures used by management accountants to solve business problems such as costing a product, service or a business-wide strategy.
Role Of MIS
The role of MIS in an organization can be compared to the role of heart in the body.
The information is the blood and MIS is the heart. In the body the heart plays the role of supplying pure blood to all the elements of the body including the brain.
The MIS plays exactly the same role in the organization.
The system ensures that an appropriate data is collected from the various sources, processed, and sent further to all the needy destinations.
The system is expected to fulfill the information needs of an individual, a group of individuals, the management functionaries: the managers and the top management.
The MIS satisfies the diverse needs through a variety of systems such as Query Systems, Analysis Systems, Modeling Systems and Decision Support Systems.
The MIS helps in Strategic Planning, Management Control, Operational Control and Transaction Processing.
Features of MIS
Timeliness
Accuracy
Consistency
Completeness
Relevance
Components of MIS
1) Marketing Research System (MRS) Marketing research can be seen as the systematic and objective search for and analysis of data and information relevant to the identification and solution of any problem in the field of marketing.
