Title Management Information System.pdf ✅

Management Information System www.anilpandit.com.np www.anilpandit.com.np Page 4 Role of MIS in an Organization 1. Decision Making – Helps managers make quick and informed decisions. 2. Competitive Advantage – Provides better insights for staying ahead of competitors. 3. Customer Service – Tracks customer data and preferences. 4. Financial Management – Manages budgeting, costing, forecasting. 5. Human Resource Management – Automates attendance, payroll, performance review. 10.2 Strategic Management of Business  It refers to the process of defining the organization's strategy and making decisions to achieve long-term goals  Helps in planning, monitoring, analyzing, and assessing all necessary steps for business success  Involves setting the vision and mission of the business to guide decision-making and growth  Uses tools like SWOT (Strengths, Weaknesses, Opportunities, Threats) and PESTLE analysis to study the internal and external environment  Includes strategy formulation, where business goals and plans are created for different departments  Strategy implementation involves applying the plan by allocating resources and defining roles  Strategic control ensures that progress is monitored and changes are made if goals are not met  It helps businesses gain competitive advantage, improve efficiency, and adapt to market changes  Promotes alignment of resources and employee efforts with the overall business objectives  Widely used in both small and large enterprises for long-term growth and sustainability Importance of Strategic Management:  Helps organizations adapt to change.  Improves resource allocation and efficiency.  Enhances competitive advantage.  Guides decision-making across departments.  Ensures that short-term actions are in line with long-term goals. 10.3 Information Security Challenges in e-Enterprises 1. Data Breaches • Unauthorized access to confidential data like customer info, financial records, or trade secrets. • Results in loss of trust, legal issues, and financial damage. 2. Cyber Attacks • e-Enterprises are frequent targets of attacks like phishing, ransomware, malware,