Define the system concept. How does Management Information System (MTS) fit in it?
A system is defined as a sum total of individuals but inter-related parts (sub-systems), which are put together according to a specific scheme or plan, to achieve the pre-stated objectives.
A system has the following components:
1. A number of sub-systems which when put together in a specific manner form a whole system
2. Boundaries within which it exists
3. A specific goal or goals. This goal is expressed in terms of an output which is achieved by receiving input and processing it to form the output.
4. Closer inter-relationship and inter-dependency amongst the various sub-systems.
A system can be closed or open. A closed system is self-sufficient and self-regulatory and has no interaction with the environment in which it exists. The feedback from the output triggers off a control mechanism which then regulates the input to bring back the output to the desired level.
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