Question

What is the role of Management Information System (MIS) in sustaining efficiency and effectiveness of an organization. Explain with the help of the prevailing MIS in an organization known to you. Briefly describe the organization along with its reporting relationships.

26 Oct 2017
Answer :
Word Count : 831

A management information system (MIS) is a system that provides information needed to manage organizations effectively. 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. 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. Academically, the term is commonly used to refer to the group of information management methods tied to the automation or support of human decision making, e.g.Decision Support Systems, Expert systems, and Executive information systems.

The term "MIS" arose to describe these kinds of applications, which were developed to provide managers with information about sales, inventories, and other data that would help in managing the enterprise. Today, the term is used broadly in a number of contexts and includes (but is not limited to): decision support systems, _____ ____ ________ _____ __________ _____ _______ _____ ____ _____.
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