ipl-logo

Management Information System And Decision-Making Process Essay

987 Words4 Pages

The Importance of Management Information System (MIS) and Decision Support System (DSS) in Decision-Making Process

Abstract:

There are a variety of information systems such as TPS, DAS, KWS, MIS, DSS, ES, etc. present today. Each system plays a vital role in the decision-making process in organizations. This study focuses on the features and characteristics of MIS and its subset DSS in the decision-making process and the impact it has on business and in functioning of the organizations.

Keywords: Management information system, Decision support system, Decision-making process

Introduction:
Management Information System is a tool of great importance when it comes to taking decisions in organizations. As per Kumar (2006), MIS comprises Management, Information, and Systems. This is a process which helps the managers take effective decisions and plan and initiate the operations within the businesses. According to Murdick and Ross (1971), “Information is absolutely essential to the survival of an organization. As organizations grow, the pressure of scale, complexity and an increased rate of change make adequate information processing capacity inevitable, if effective control, consequent upon coordination of individual activities is to be achieved.” Information Systems is categorized mainly in three types - Transactional Processing Systems (TPS),

Show More
Related

  • Hansey Tasha Rhetorical Analysis

    407 Words  | 2 Pages

    1Hey Tasha, I like many of your points. I love the points about how your organization implements a system. I am a computer hobbyist and appreciate how complex working with technology is and it would be very easy for departments to lose touch with each other. And a system is critical to keeping all of those parts together.

    Read More

  • Porter's Five Forces Analysis Of Verizon

    750 Words  | 3 Pages

    The information revolution is sweeping through our economy. No company can escape its effects. Dramatic reductions in the cost of obtaining, processing, and transmitting information are changing the way we do business. “To get ahead in today’s business world, a company must utilize the right resources. One of the most effective, of course, is information technology (IT), which has become an essential tool for businesses across many industries” (2013).

    Read More

  • Informed Decision Case Study

    104 Words  | 1 Pages

    An informed decision is a decision by a patient about a diagnostic or therapeutic procedure, based on choice and current information. As the teacher and nurse, the first step to ensure the expect mother is making a truly informed is assessing how well she understands the progress of pregnancy and the initiation of labor. As the educator, it is important to encourage the expectant mother to ask questions about anything they may not understand. Other areas to assess is personal experience and vicarious experiences from family and friends. Lastly, what does her current circumstances permit her to do such as work and support system?

    Read More

  • Decision Making Capacity Case Study

    504 Words  | 3 Pages

    Virtuous physicians always asses the decision making capacity and the competence of their patients to make sure they have adequate capacity to make their own decisions, especially for patients who refuse specific treatment, have mental illness, or have specific factors that impair their ability to make decision( _1). What make a patient competent to make a decision? , and do depressed people lose their competence and their decisional capacity? . Depression is a common side effect of cancer (2), and cancer treatment require a lot of important decisions that patients need to make which are very significant in determining their future, and respecting patient will is fundamental in term of autonomy, but what if the patient refuse the treatment, if the doctor consider him as non-autonomous he also will think about his duty in non-maleficence and about his responsibility in supporting and respecting patient wishes.

    Read More

  • Pros And Cons Of Incident Management

    1193 Words  | 5 Pages

    Furthermore, the lecture succinctly defined the concept of interoperability as the ability of people, systems, and multi-facet organizations to work together collaboratively and cohesively to accomplish a common goal. The fact is that interoperability is

    Read More

  • Strategic Planning In Informatics

    1354 Words  | 6 Pages

    Develop a more effective tool in the organization and methods. Support strategic plans. In order to enter the computer technology and the development of information systems for any facility, it is necessary to provide long-term Informatics is consistent with the strategic plan of the facility and a strategic plan to achieve the goals and objectives established. Usually put established for itself a number of strategic plans that aim in its entirety to the development of work and performance, such as: a strategic plan for the development of human resources, a strategic plan for training, strategic management development plan, and other strategic plans. Third, policies and plans for information systems Determined at this stage, the role of senior

    Read More

  • Ethical Use Of Information Technology Essay

    736 Words  | 3 Pages

    The Ethical Impact for the Use of Technology Technology has an enormous influence on the collection, storage and control of information. But technology main ethical impact relates to accessibility/inaccessibility and the control of information. There is a possibility that the information can be accessed simultaneously. By indication, it becomes easier to access a person's private information by more people. If information stored was not electronic data but stored on paper in a filing cabinet and the information wouldn’t be subjected too much security, with technology information can be protect by means of a variety of security measures to prevent unauthorised access or grant access to authorised users.

    Read More

  • Activity 1.1 Learning Activities Essay

    1515 Words  | 7 Pages

    Transactional processing system Enterprise Processing system Decision support system Executive information system Expert system management. Knowledge based management system. PART TWO What policies/procedures govern the implementation of an information system in an organization?

    Read More

  • Pros And Cons Of Decision Making Model

    789 Words  | 4 Pages

    There are four major decision-making models- rational, bounded rationality, incremental and garbage can models. In the following, pros and cons of each model will be discussed and explain why Incremental and Garbage Can Models can best describe the decision made during the Cuban Missile Crisis. Rational model is a cognitive process, which the decision-makers run through rational steps. The steps refer to definition of problems, identification and evaluation of alternative policies, implementation of the best policies among all and finally monitoring of effects, ran through a unitary decision-maker (Taylor, 1998). Theoretically, the model can search for the best solution to the problem based on the comprehensive consideration.

    Read More

  • Reflection On Coursework

    872 Words  | 4 Pages

    This condition led me towards problem related with shortage of time at the time of submission of the project. On other hand, I also faced some critical issues related with understanding and interpreting the subject and research context. Prior to the project, I used to possess only elementary knowledge of Management Information System and its implication in real life scenario. In

    Read More

  • Bussine Essay

    2645 Words  | 11 Pages

    MANAGEMENT DEVELOPMENT INSTITUTE OF SINGAPORE IN TASHKENT (MDIST) ASSIGNMENT SUBMISSION COVER SHEET Course: Foundation Year Module: Fundamentals of Information Technology Lecturer: Muhammedov Siddiq Assignment Types: Group 120 Due Date: 06.11.2014 S/N Student Name ID Number Student Signature 1 Kurbonov Sukhrob B1401427

    Read More

  • Essay On Importance Of Operation Management

    1486 Words  | 6 Pages

    TASK 1.1 Importance of operation management Operations management (OM) is the business function responsible for managing the process of creation of goods and services. It involves planning, organizing, coordinating, and controlling all the resources needed to produce a company’s goods and services. Because operations management is a management function, it involves managing people, equipment, technology, information, and all the other resources needed in the production of goods and services. Operations management is the central core function of every company. This is true regardless of the size of the company, the industry it is in, whether it is manufacturing or service, or is for-profit or not-for-profit.

    Read More

  • Essay On Importance Of Information Technology In Education

    991 Words  | 4 Pages

    1) INTRODUCTION Education is an important thing for all people, especially to students who will grow up and will develop advanced countries. Education is not only to go to school but also education can be obtained everywhere now, for or example, at home. Parents can teach their children. By using the sophisticated technology now, education can also be easily found. Technology is a type of electrical system or digitally generated to facilitate everyone in manual.

    Read More

  • Importance Of Accounting Information System

    925 Words  | 4 Pages

    The information system provides the basic data on the informational database. To the enterprise, the information system has two subsystems are related. There is data processing or information supplying sub-system and a decision making sub-system. The responsible the data processing system are for acquiring, coding, processing and forwarding the information for the activity and operation. The responsible for decision making subsystem are the effect of directly or indirectly with management processes from data-processing systems.

    Read More

  • Five Moral Dimensions Of The Information Age

    1555 Words  | 7 Pages

    MANAGEMENT INFORMATION SYSTEM 1. Management information system is an organized portfolio of a precise system for getting, processing, and giving information in anchor of the business operations and management of an organization. Types of Management system that is able to employ competitive advantage: • Transaction processing system for operational data processing that is desired, for example, to register consumer orders and to outturn invoices and payroll. • Management reporting systems competent of making reports for limited time periods, designed for managers culpable for limited functions in a firm. • Decision support system expressly designed for the support of individual and conjoint decision making.

    Read More

More about Management Information System And Decision-Making Process Essay

Open Document