Answer to Question #189004 in Management for ABC

Question

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

Answer 1

An MIS involves procedures and systems that collect data from many sources, assemble it, and present it in a readable format.

Characteristics.

1.     It provides access to both external and internal users.

2.     It provides managers with a prompt information flow.

3.     MIS is control and reporting-oriented

4.     It supports semi-structured and structured decisions at the management and operational controlled level.

 Components.

1.     Hardware. This includes output and input devices. For example, keyboard and monitor/

2.     Executives. These are the people who use MIS.

3.     Software. These are programs of a computer designed to perform specific tasks.

 Advantages.

1.     MIS facilitates planning

2.     It encourages decentralization.

3.     MIS reduces information overload.

4.     MIS makes control easier.

  Limitations

1.     It requires constant monitoring since it is highly sensitive.

2.     It lacks the flexibility to update itself.

3.     Its effectiveness reduces as a result of recurrent changes in the top management.