Management Information Systems 2 Sem AKTU

1 Management Information Systems: Need, Purpose and Objectives

•Need for Management Information Systems

•In today’s complex and competitive business environment, organizations are inundated with data from various sources. To make informed decisions, businesses need a structured way to collect, process, and analyze this data. This is where Management Information Systems (MIS) come into play.

•The need for MIS arises from:

•Data overload: Businesses generate vast amounts of data from various sources, making it difficult to extract meaningful information.

•Complex decision-making: Managers need access to relevant and timely information to make informed decisions.

•Competitive advantage: Effective use of information can give businesses a competitive edge.

•Operational efficiency: MIS helps streamline operations and improve productivity.

•Regulatory compliance: Many industries have stringent reporting and compliance requirements that can be efficiently managed through MIS.

•Purpose of Management Information Systems

•The primary purpose of MIS is to provide information to managers at all levels of an organization to support decision-making and improve overall organizational performance. It serves as a bridge between data and action.