4.3.8 - Management Information Systems - General Info
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?- Created by: Annie
- Created on: 06-05-13 17:04
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- Management Information Systems
- Based upon a database
- Designed to summarise information for managers to be able to make decisions on the future of the business
- Collates information from a variety of sources and is able to produce summaries of this information
- An information system (database) gives information for all users
- An MIS is intended to give decision making information to managers
- A decision made without appropriate information could be catastrophic for a company
- MIS are for informing a decision rather than making decisions for the organisation
- An MIS is essentially a database with a flexible enquiry and reporting system
- Allows for information to be summarised and produced propmtly
- Different formats for different needs of the manager
- Allows for information to be summarised and produced propmtly
- Internal and External sources are brought together by the MIS
- They are then interrogated and produce flexible outputs for managers
- Features of an effective MIS
- Accessible by a wide range of users
- Does not mean all employees
- It is for a variety of different managers (sales, production etc.)
- To get the best from the MIS, managers will need training
- To know what type of information is available and how to use it
- Does not mean all employees
- Gives informatin when required
- Needs to produced infomration when needed not just to a predetermined schedule
- Presents data in the most appropriate format
- Often in graph/table form
- Easiest to understand information speedily
- Can look deeper into information if needed
- Easiest to understand information speedily
- Managers should be able to select between graph and table format
- Also should be able to select file formats and eable data to be used in further analysis in spreadsheets or presentation
- Often in graph/table form
- Includes relevant and accurate data
- Too much information is useful as they key facts may be hidden
- Managers need important information not just all of it
- Accuracy can be assured by validation and verification
- Poor accuracy could lead to wrong decisions
- Too much information is useful as they key facts may be hidden
- Flexibility
- To meet different needs of differents users and requirements
- Will need reports in different formats with different information
- So information can be considered with different correlations
- Intention is for information to meet manager needs
- Accessible by a wide range of users
- Based upon a database
- "An organised collection of people, procedures and resources designed to support the decisions of managers"
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