Porter's

LEARNING OUTCOMES

1. Management Information System

2. Three resources within MIS—people,

information, and information technology.

3. Porter’s Five Forces Model to evaluate an

industry.

4. Compare and contrast Porter’s three generic

strategies and the RGT framework as approaches

to the development of business strategy.

Meaning Of Information Systems

• An information system is an organized combination of

people, hardware, software, communications Networks

and data resources that collects, transforms, and

disseminates information in an organization.

3

Types Of Information System

4

MANAGEMENT INFORMATION SYSTEM(MIS)

• The MIS is defined as a system based on the database of

the evolved for the purpose of providing information to

the people in the organization.

5

Role Of MIS

• The role of MIS in an organization can be compared to the

role of heart in the body.

• The information is the blood and MIS is the heart. In the

body the heart plays the role of supplying pure blood to all

the elements of the body including the brain.

• The MIS plays exactly the same role in the organization.

• The system ensures that an appropriate data is collected

from the various sources, processed, and sent further to all

the needy destinations.

6

Features of MIS

• Timeliness

• Accuracy

• Consistency

• Completeness

• Relevance

7

Data, Information and Systems

• Generating Information

– Computer-based ISs take data as raw material,

process it, and produce information as output.

Figure 1 Input-process-output

8

Data, Information and Systems

• What Is a System?

– System: A set of components that work together to

achieve a common goal

– Subsystem: One part of a system where the

products of more than one system are combined to

reach an ultimate goal

– Closed system: Stand-alone system that has no

contact with other systems

– Open system: System that interfaces with other

systems

9

Elements of MIS

1.Hardware

2.Software

3.Control

4.Databases and application programs

5.People...