Answer to Question #200521 in Management for Asif

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

Management Information Systems (MIS) is the study of people, technology, organizations, and the relationships among them.

 

ADVANTAGES

1. MIS improves the quality of plants by providing relevant information for sound decision – making.

2. In Minimizes information overload.

3. MIS Encourages Decentralization.

4. It brings Co-ordination

5. It makes control easier

DISADVANTAGES:

1. Requires constant monitoring.

2. Budgeting of MIS extremely difficult.

3. Lack of flexibility to update itself.

5. Effectiveness decreases due to frequent changes in top management