One more thing to learn in obtaining online degree in Management science is Management Information System (MIS).
Management
information system is the combination of three major words which are ;
Management, information and sytem. However, there is need to define these words
differently, and these definitions will give an in-depth knowledge of what
management information system is.
Management is an integral process in obtaining online degree by
which authorized individual creates, maintains and operates an organization in
the selection and execution of its objectives. It is also the process that
involves planning, organizing, communicating, leading, and controlling
resources, and these resources are ; human, raw material, mechananism, resource
material, labour and capital, before the objectives can be achieved.
Information are data that has been
processed into a form that is meaningful to the users, for decision making or
data that has been shaped into a form that is meaningful and useful to human
beings. While data are streams of raw facts representing events occurring in
organizations or the physical
environment before they will be organized and arranged into a form that people
can effectively understand and use. However it is the user that can say whether
a report is data or information when it comes to its usage.
Information
can also be defined as meaningful interpretation of data.
An
Information system is a system that gathers information with the sole purpose
of providing relevant information to its users.
The main objective of an
information system is to provide information to its users.
Management
Information system stands at the crossroads of two discipline which are :
the
management and the information system.
So it is better to define it by what it does.
Management
at all levels need information to achieve organizational objective. But there
is variation in the information needed at the three levels of management. Which
are : Top level, middle level and lower level management.
MIS is the
acronym for Management Information System. It refers broadly to a computer-based
system that provides managers with the tools for organizing, evaluating, and
efficiently running their departments.
It is an analytical tool that enables
the integration of data from different business applications, internet, different
modules and business functions.
It also converts data from internal and
external sources into information. The information is communicated in an
appropriate source to managers at different levels in a business to enable them
make effective decisions.
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