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Maximizing Business Efficiency with Information Systems

This introduction covers the importance of Information Systems, from aiding clerical to top management, ensuring data accuracy, and supporting decision-making. It delves into the framework, applications, and challenges of IS, outlining the success and failure reasons and defining MIS. Additionally, it highlights characteristics of a good MIS, focusing on data handling, validity, speed, communication, and adaptability.

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Maximizing Business Efficiency with Information Systems

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Presentation Transcript

  1. Introduction to I.S. in business

  2. Why IS? • Information is Blood and MIS is heart of an organization. • Help to clerical personnel in transaction processing. • Help to junior management by providing the operational data for planning, scheduling and controlling. • Help to middle management in short term planning, target setting. • Help to top management in goal setting, strategic planning and evolving business plans. • It helps in decision making to control situation. • Thus, MIS plays a vital role in Management, Administration and operations of an organization.

  3. Importance of IS • Minimizes the risk in decision making. • Process data and retrieve information. • Provides sound information regarding financial health of business organization. • Helps in preparing corporate report. • Helps all departments like HRD, Production, Marketing.

  4. Framework

  5. Foundation Concepts • Fundamental concepts about the components and roles of information systems. • Information Technologies • Major concepts, developments, and management issues in information technology. • Business Applications • The major uses of information systems for operations, management, and competitive advantage. • Development Processes • How business professionals and information specialists plan, develop, and implement information systems. • Management Challenges • The challenge of managing ethically and effectively.

  6. Resources

  7. Success Reasons • MIS is integrated into the managerial function • It sets clear objectives • Adequate use of resources • MIS selects an appropriate information processing technology to meet data processing. • MIS is oriented, defined and designed in terms of user’s requirements. • MIS focuses on results and goals and highlights the factors and reasons for non achievement. • MIS has a basic capability to quickly meet new needs of information.

  8. Failure Reasons • Underestimating the complexity of business system leads to problems in implementation of MIS. • Adequate attention is not given to the quality control aspects of inputs, process, outputs. • Lack of training to users of information. • A belief that MIS can solve all the management problems. • MIS does not give perfect information to all users in the organization.

  9. Definition of MIS • It is defined as a system which provides information support for decision making in the organization. • It is defined as a system based on the database of the organization evolved for the purpose of providing information to the people in the organization.

  10. Characteristics of Good MIS • Handling large data. • Valid data and transaction. • Quick search and retrieval. • Communication on time. • Fulfilling the changing needs of the organization.

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