Answer to Question #178699 in Management for Maham

Question

Tanishq Jewellers want to set up MIS in their organization in order to manage the information better across the organization. Can you guide them about the same along with the characteristics, components, advantages and limitations? 

Answer 1

Characteristics of an IS

Ø It makes accessibility of information to be faster.

Ø It is a reliable manner of handling information.

Ø It has a high level of accuracy.

 

Components of an IS

Ø Computer Hardware

Ø Computer Software

Ø Database systems

Ø Human resources and procedures

Advantages of an IS

Ø An IS system is secured as compared to manual system.

Ø An IS system is more reliable.

Ø With an IS system, the accuracy of data is guaranteed.

Disadvantages of an IS

Ø A break-down of the system will interrupt the entire operations of the firm.

Ø Building and implementing an IS system can be expensive.