Management Information System (Mis)

Management Information System (MIS) is a subset of the overall internal controls of a business covering the application of people, documents, technologies, and procedures by management accountants to solving business problems such as costing a product, service or a business-wide strategy. Management information systems are not only computer systems - these systems encompass three primary components: technology, people (individuals, groups, or organizations), and data/information for decision making. Management information systems are distinct from other information systems in that they are designed to be used to analyze and facilitate strategic and operational activities in the organization.

Academically, the term is commonly used to refer to the study of how individuals, groups, and organizations evaluate, design, implement, manage, and utilize systems to generate information to improve efficiency and effectiveness of decision making, including systems termed decision support systems, expert systems, and executive information systems.

This is an emerging science which sets its the main task of it is to strengthen the information management of enterprises by taking advantage of modern computer and network communication technology to the largest extent, and set up the correct data based on the research of human resource, financial resource, equipments, technology, etc. owned by enterprises, and provide timely various of processed and systemized information data to the manager so as to make correct decisions and improve continuously the management level and economic benefits of enterprises.

MIS is generally used for system decision-making. For instance, enterprise employee can make use of MIS to find out problems that need to be solved urgently and feedback in time to the upper managers in order to make them understand the current progress and its shortages.

Some of the functions can be listed as below,

1. Data processing: It includes the collection,...