Management Information Systems

The factors which lead to the success and failure of MIS in an organization

Factors Contributing to Success of MIS

If a Management Information Systems (MIS) is to be success then it should have all the features listed as follows:

  • The MIS is integrated into the managerial functions. It sets clear objectives to ensure that the MIS focuses on the major issues of the business.
  • An appropriate information processing technology required ton meet the data processing and analysis needs of the users of the MIS is selected.
  • The MIS is oriented, defined and designed in terms of the user’s
  • The MIS is kept under continuous surveillance, so that its openn system design is modified according to the changing information needs.
… Read the rest
Abey Francis

E-Commerce and Factors Influencing the Evolution of Electronic Commerce

Electronic commerce has revolutionized the traditional business process of buying and selling on the high street shops by deploying the Internet and technology to reach a vast customer base. The increased use of Internet by the general public and the growth of information technology products to support effective and service transaction over the Internet have apparently fueled the growth of electronic commerce. This statement makes it clear that the electronic commerce has achieved a key position in the business process of an organization.

The critical factors that contribute the growth of electronic commerce are:

  1. Growth of Internet:  The Internet has seen a tremendous growth in the past five years making it a potential place for communicating to many customers both efficiently as well as cost effectively.
… Read the rest
Abey Francis

Introduction to E-Business

Due to Internet capabilities and web technology, traditional business organization definition has undergone a change where scope of the enterprise now includes other company locations, business partners, customers and vendors. It has no geographic boundaries as it can extend its operations where Internet works. All this is possible due to Internet and web moving traditional paper driven organization to information driven Internet enabled E-business enterprise. E-business enterprise is open twenty-four hours, and being independent, managers, vendors, customers transact business any time from anywhere. Internet capabilities have given E-business enterprise a cutting edge capability advantage to increase the business value. It has opened new channels of business as buying and selling can be done on Internet.… Read the rest

Abey Francis

The necessity and importance of Systems Design in Management Information System (MIS)

The business application system demands designing of systems suitable to the application in project.

The major steps involved in the system design of Management Information Systems(MIS) are the following:

Input Design – Input design is defined as the input requirement specification as per a format required. Input design begins long before the data arrives at the device. The analyst will have to design source documents, input screens and methods and procedures for getting the data into the computer.

Output Design — The design of the output is based on the requirement of the user — manager, customer etc. The output formats have to very friendly to the user.… Read the rest

Abey Francis

Introduction to Management Information Systems (MIS)

A management information system (MIS) can be defined as a system that:

  • Provides information to support managerial functions like planning, organizing, directing, controlling.
  • Collects information in a systematic and a routine manner which is in accordance with a well defined set of rules.
  • Includes files, hardware, software and operations research models of processing, storing, retrieving and transmitting information to the users.

A management information system (MIS) is a subset of the overall internal controls of a business covering the application of people, documents, technologies, and procedures by management accountants to solving business problems such as costing a product, service or a business-wide strategy.… Read the rest

Abey Francis

Data Mining – Meaning, Steps and Business Applications

Data mining or knowledge discovery is the process of analyzing data from different perspectives & summarizing it into useful information. This information can be used to increase revenue & cut cost or both. We know that data mining software is one of a number of analytical tools for analyzing data. It allows users to analyze data from many angels & categories it.   It also summarizes the relationship identified. Technically speaking data mining is the process of correlations among dozens of fields in large relational database. In other words it is the process of sorting through large amount of data & picking out important information.… Read the rest

Abey Francis