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Management Information System
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By
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Krishan Kant
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A management
information system (MIS) is a system or process which provides
information needed to manage organizations effectively. Management information
systems are regarded to be a subset of the overall internal controls procedures
in a business, which cover the application of people, documents, technologies,
and procedures by management accountants to solve business problems
such as costing a product, service or a business-wide strategy. Management
information systems are distinct from regular information systems in that they
are used to analyze other information systems applied in operational activities
in the organization. Academically, the term is commonly used to refer to the
group of information management methods tied to the automation or support of
human decision making, e.g. Decision Support Systems, Expert systems,
and Executive information systems.
At
the start, in businesses and other organizations, internal reporting was made
manually and only periodically, as a by-product of the accounting system and
with some additional statistics, and gave limited and delayed information on
management performance. Previously, data had to be separated individually by
the people as per the requirement and necessity of the organization. Later,
data was distinguished from information, and instead of the collection of mass
of data, important, and to the point data that is needed by the organization
was stored.
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Source: http://www.articlesbase.com/
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