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.

  1. Data Storage - it is important to store information or processed data for future use.
  2. Data Retrieval - the data should be smoothly retrieved from storage devices whenever needed by different users.
  3. Data Propagation - data should be distributed periodically through the organizational network to its users.
  4. 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.
  5. 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.
  6. Graphical reports - give an idea about the performance of different resources employed in the organization.
  7. Controlling the organization - MIS helps control the organization to provide the latest information as well as historical data whenever required.
  8. 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.