Share this…FacebookTwitterLinkedin  Information is a vital resource for the success of any organization. Future of an organization lies in using and disseminating information wisely. Good quality information placed in right context in right time tells us about opportunities and problems well in advance. Good quality information: Quality is a value that would vary according to the users and uses of the information. According to Wang and Strong, following are the


Share this…FacebookTwitterLinkedin  Information can be classified in a number of ways and in this chapter, you will learn two of the most important ways to classify information. Classification by Characteristic Based on Anthony’s classification of Management, information used in business for decision-making is generally categorized into three types: Strategic Information: Strategic information is concerned with long term policy decisions that defines the objectives of a business and checks how well


Share this…FacebookTwitterLinkedin  Information processing beyond doubt is the dominant industry of the present century. Following factors states few common factors that reflect on the needs and objectives of the information processing: Increasing impact of information processing for organizational decision making. Dependency of services sector including banking, financial organization, health care, entertainment, tourism and travel, education and numerous others on information. Changing employment scene world over, shifting base from manual agricultural


Share this…FacebookTwitterLinkedin  Information can be defined as meaningfully interpreted data. If we give you a number 1-212-290-4700, it does not make any sense on its own. It is just a raw data. However if we say Tel: +1-212-290-4700, it starts making sense. It becomes a telephone number. If I gather some more data and record it meaningfully like: Address: 350 Fifth Avenue, 34th floor New York, NY 10118-3299 USA Tel:

MIS : Introduction

Share this…FacebookTwitterLinkedin  To the managers, Management Information System is an implementation of the organizational systems and procedures. To a programmer it is nothing but file structures and file processing. However, it involves much more complexity. The three components of MIS provide a more complete and focused definition, where System suggests integration and holistic view, Information stands for processed data, and Management is the ultimate user, the decision makers. Management information