Answer to Question #190094 in Management for Snehal Bangar

Question

Tanishq Jewellers want to setup mis in their Organisation in order to manage the information better across the organisation can you guide them about the same along with the characteristics component advantages and limitations

Answer 1

Tanishq Jewellers want to setup mis in their Organisation in order to manage the information better across the organisation can you guide them about the same along with the characteristics component advantages and limitations

The integration of an effective management information system (MIS) would enable Tanishq Jewellers to access background information on various aspects to improve the quality of decision-making. The characteristics of an MIS is that it should be based on a long-term planning, provide a holistic view of the dynamics and the structure of the organization, and work work as a complete and comprehensive system that covers other interconnecting sub-systems within a firm.

The advantages of MIS is that it makes controls easier and  improves company performance. However, it is disadvantageous since it is connected via computer systems which makes it vulnerable to hacking