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Date Submitted: 11/24/2014 11:11 PM
UNIVERSITY of CENTAL PUNJAB
Principles of Management
Topic : Management Information System
Submitted By:
Name : Sana Riaz
Section: 1A
Registration No: F1F12MCOM0185
Submitted To:
Sir Mazhar Hayat
Submission date:
9th January, 2013
MANAGEMENT INFORMATION SYSTEM
System
A system is a group of elements that are integrated with the common purpose of achieving objective.
Information system
A combination of hardware, software, infrastructure and trained personnel organized to facilitate planning, control, coordination, and decision making in an organization.
Management information system :
Meaning of MIS :
M = Management = Practical Use of Power of Decision Making
I = Information = Useful Data
S = System = Technique of Use of Data for Business
Definition of MIS
Management information system is that system in which raw data is collected and analyze it. After making it useful, it is used for decision making of business.
OR
The System utilizes computer hardware & software, manual procedures, models for analysis, planning, control & decision making and a database.
Basic Concepts OF MIS
Data versus Information:
* Data consists of facts and figures that are relatively meaningless to the user.
(e.g., number of hours worked by an employee)
* Information is processed data or meaningful data. (e.g., multiplying the hours
worked by the hourly rate to get each employee’s gross earnings).
Information Technology (IT)
Is a branch of knowledge concerned with the development, management, and use of computer-based information systems.
Physical Components
1) Hardware: CPU, Monitor, Keyboard, Printer etc.
2) Software : System and Application S/W.
3) Database : Data...