Management Information System...

Management Information System  Management information system (MIS) is a planned system for collecting, storing, and disseminating data in the form information needed to carry out the functions of the management. It provides information that organization requires to manage itself efficiently and effectively. MIS deals with information related to technologies, processes, operation, personnel, areas, and other things, within an organization and in the environment surrounding the organization. Information means data that have been shaped into a form that is meaningful and useful to the management and employees of the organization. Data, in contrast, are streams of raw facts representing technologies, processes, operation, personnel, areas, and other things occurring in organizations or the physical environment before they have been organized and arranged into a form that management and employees can understand and use. Typical features of an MIS is shown in Fig 1 Fig 1 Typical features of an MIS  Management information system can be defined technically as a set of interrelated components that collect (or retrieve), process, store, and distribute information to support decision making, coordination and control in an organization. In addition to supporting decision making, coordination, and control, MIS may also help management and employees to analyze problems, to visualize complex subjects, and to bring forward new solutions. Management information system is also defined as an information system that evaluates, analyzes and processes an organization’s data to produce meaningful and useful information on which the management takes right decision to ensure success and future growth of the organization. As per another definition MIS is an information system that provides information in the form of standardized reports and displays for the management. MIS is a broad class of information systems designed to provide information needed for effective decision making.  The three components in MIS gives...