Management information-system

Management information-system

• 1.
  Management Information System
• 2.
  Management Information System(MIS) Interrelated components that collect, process, store and disseminate information to support decision making and Problem Solving Information that rely on computer hardware and software for processing and disseminating information
• 3.
  Information System within an Organization
• 4.
  Functions of anInformation System
• 5.
  Functions of anInformation System Input – the collection of raw data for processing information system Processing – the conversion of data into information for more meaningful Output – the distribution of processed information Feedback – output that is returned to help evaluate or correct input
• 6.
  Differences between Data and Information Data consists of facts and figures that are relatively meaningless to user. E.g. the number of hours worked for each employee in the company Information is processed data that are more meaningfully. E.g. the hours works for each employee multiplied by the hourly rate, the out put information is the gross earning