The objective of MIS is to provide information for decision making on planning, initiating, organizing, and controlling the operations of the subsystems of the firm and to provide a synergistic organization in the process. It facilitates the decisions-making process by furnishing information in the proper time frame.
- Data Storage - it is important to store information or processed data for future use.
- Data Retrieval - the data should be smoothly retrieved from storage devices whenever needed by different users.
- Data Propagation - data should be distributed periodically through the organizational network to its users.
- A system of efficient and effective planning - MIS controls functions of management to provide quick and timely information to the management. The process is very effective to make decisions.
- An MIS's goals are to incorporate the company's organizational structure and processes in order to better control the enterprise and maximize the information system's potential for competitive advantage.
- Graphical reports - give an idea about the performance of different resources employed in the organization.
- Controlling the organization - MIS helps control the organization to provide the latest information as well as historical data whenever required.
- Standard and budgeted performance - Through matching actual performance with standard and budgeted performance, MIS brings variances to management attention that can be resolved by taking remedial action.
- Teacher: Joseph Momanyi