Tiêu đề MIS - Final Revision.pdf ✅

MANAGEMENT INFORMATION SYSTEM (MIS) Final Revision 2024- 2025 The art and science of algorithms that make sense of data. Dr.Diab
What is a “Management Information System”? Part (1): Introduction to Management Information System Management Information System Effective use of human and materials resources to achieve organizational objectives is interpreted data that is useful for decision making. is an interconnected collection of components that accomplish a task. Information System ▪ A system that gathers data and distributes information to its users for the purpose of decision-making. ▪ involves a set of components working together to handle data, process it, and convert it into useful information for users. Management Information System (MIS) is an information system that evaluates, analyzes, and processes an organization's data to produce meaningful and useful information based on which the management can take right decisions to ensure future growth of the organization. Example → ▪ Let us assume that a multinational company owns multiple domestic and foreign offices. The total number of employees is 900. Maintaining a manual record of all the employees is not feasible. ▪ Therefore, firm's human resource department uses a human resource information system to collect, record, and classify employee information. The firm also uses MIS to track attendance and leaves Data Vs. Information Data Information is raw and unprocessed facts and figures, which cannot help in decision - making. When data is processed into a form that is meaningful to the user for decision-making, it becomes information. Example → Data 1. Diab 90% 2. Hatem 70% 3. Khaled 92% 4. Mahdy 88% 5. Hamza 60% 6. Nada 85% Processing Student Name Gender Grade Group Khaled Male 92% A Diab Male 90% A Mahdy Male 88% A Nada Female 85% A Hatem Male 70% B Hamza Male 60% B
1. Effective Resource Allocation: Example → A hospital uses MIS to track patient admissions, staff availability, and medical supplies, ensuring resources are distributed efficiently across departments. 2. Policy Formation: Example → A government agency analyzes data on traffic patterns using MIS to create policies for better urban transportation planning. 3. Long-Term Planning: Example → An energy company uses MIS to forecast energy demand and plan investments in renewable energy sources for the next 10 years. 4. Market Regulation: Example → A central bank uses MIS to monitor market trends and regulate inflation by adjusting interest rates. 5. Handling Competition: Example → An e-commerce platform uses MIS to analyze competitors’ pricing strategies and adjusts its own pricing to attract more customers. 6. Risk Management: Example → ample: An insurance company uses MIS to assess historical claim data and identify high-risk areas to adjust its coverage policies. Importance of MIS Components of MIS 1.Data 2.Hardware 3.Software 4.People Facts about business transactions and databases. Includes all physical devices used in information processing such as machines, data media, and Personal computers. All information processing instructions, including programs and procedures. The End Users who use the information from the MIS. Constraints in developing MIS 1 Resistance from Management 4 Investment Required 2 Non-Cooperation from Staff 5 Large Development Time 3 Non-Availability of Experts 6 System Incompatibility Issues Important Note → We must make Balance Between → Cost of Obtaining Information and Value of information
1.What does MIS stand for? a) Management Information System b) Marketing Information System c) Machine Integration System d) Manual Information System Answer: A 2.Which of the following is NOT a purpose of MIS? a) To produce meaningful and useful information b) To ensure future growth of the organization c) To entertain employees d) To aid decision-making Answer: C 3.What is an Information System? a) A system that gathers, processes, and distributes data for decision-making b) A machine used to store physical documents c) A manual system for organizing files d) A system designed only for financial purposes Answer: A) 4.Which of the following defines "data"? a) Processed and organized facts b) Raw and unprocessed facts c) Historical records Characteristics of MIS 1 Provide reports with fixed and standard formats – Hard copy and soft copy reports. 2 Uses internal data stored in computer system. 3 End users can develop custom reports. 4 Requires formal requests from users. Objectives of MIS 1 Facilitate Decision Making. 2 Avoid duplication of work. 3 Savings of time. 4 Establish uniform procedures. 5 Fixing responsibility. Multiple – Choice – Questions (MCQs)