MBA management

Management Information System

Management Information System can be defined as a formal method of collecting timely information in a presentable form. in order to facilitate effective decision making and implementation, in order to carry out organizational operations for the purpose of achieving the organizational goal. A management information system is a system design to provide selected decision –orientation information needed by management plan, control and evaluate the activities of the corporation... management information system

Strategic Planning

Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Various business analysis techniques can be used in strategic planning, including analysis about strength, Weakness, Opportunities, Threats, Political, Economic, Social, Technological analysis, Socio-cultural, Technological, Economic, Ecological and Regulatory factors... management information system

Decision Making

A decision is a choice made between two or more available alternatives. Decision making is the process of choosing the best alternative for reaching objectives. Decision making is covered in the planning section of this text; managers must also make decisions when performing the other three managerial functions - organizing, influencing and controlling - the subject requires a separate chapter... management information system

Database Management System

A Database Management System is a complex set of software programs that controls the organization, storage, management and retrieval of data in a database. Database Management System is categorized according to the data strucutures or types. It is a set of pre-written programs that are used to store, update and retrieve a database. The Database Management accepts requests for data from the application program and instructs the operating system to transfer the appropiate data. When a Database Management System is used, information system can be changed much more easily as the organizations information requirements change... management information system

E-Commerce

Electronic commerce is defined as the use of electronic ordering and payment mechanisms via an interactive electronic mechanism such as the World Wide Web to effect remote payment goods or services. E-commerce is the buying and selling of goods and services through digital communications. It also includes inter-company functions such as marketing, finance, manufacturing, negotiations and selling, that involve commercial transactions and use email, Edi, Eft, File transfer, fax, video-conferencing, or interacting with remote computers. E-commerce also includes doing business on the web... management information system
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Review Questions
  • 1. What is the main purpose of management information system?
  • 2. Name some advantages of MIS.
  • 3. Explain the advantages of MIS.
  • 4. Explain the objectives of MIS.
  • 5. Define MIS.
  • 6. What is Master Plan in MIS?
  • 7. State the benefit of MIS master plan.
  • 8. Explain purpose of MIS.
  • 9. Explain the strucuture of MIS.
  • 10. Explain how MIS simplifies control.
  • 11. Mention the various subsystems of MIS.
  • 12. What is Management Information System?
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