Ch1-Introduction to Management Information System .pdf

ADVICE TO ALL EMPLOYEES

1. Build a home earlier. Be it rural home or urban home. Building a house at 50 is not an achievement. Don't get used to government houses. This comfort is so dangerous. Let all your family have good time in your house.

2. Go home. Don't stick at work all the year. You are not the pillar of your department. If you drop dead today, you will be replaced immediately and operations will continue. Make your family a priority.

3. Don't chase promotions. Master your skills and be excellent at what you do. If they want to promote you, that's fine if they don't, stay positive to your personal.
development.

4. Avoid office or work gossip. Avoid things that tarnish your name or reputation. Don't join the bandwagon that backbites your bosses and colleagues. Stay away from negative gatherings that have only people as their agenda.

5. Don't ever compete with your bosses. You will burn your fingers. Don't compete with your colleagues, you will fry your brain.

6. Ensure you have a side business. Your salary will not sustain your needs in the long run.

7. Save some money. Let it be deducted automatically from your payslip.

8. Borrow a loan to invest in a business or to change a situation not to buy luxury. Buy luxury from your profit.

9. Keep your life,marriage and family private. Let them stay away from your work. This is very important.

10. Be loyal to yourself and believe in your work. Hanging around your boss will alienate you from your colleagues and your boss may finally dump you when he leaves.

11. Retire early. The best way to plan for your exit was when you received the employment letter. The other best time is today. By 40 to 50 be out.

12. Join work welfare and be an active member always. It will help you a lot when any eventuality occurs.

13.Take leave days utilize them by developing yr future home or projects..usually what you do during yr leave days is a reflection of how you'll live after retirement..If it means you spend it all holding a remote control watching series on Zee world, expect nothing different after retirement.

14. Start a project whilst still serving or working. Let your project run whilst at work and if it doesn't do well, start another one till it's running viably. When your project is viably running then retire to manage your business. Most people or pensioners fail in life because they retire to start a project instead of retiring to run a project.

15. Pension money is not for starting a project or buy a stand or build a house but it's money for your upkeep or to maintain yourself in good health. Pension money is not for paying school fees or marrying a young wife but to look after yourself.

16. Always remember, when you retire never be a case study for living a miserable life after retirement but be a role model for colleagues to think of retiring too.

17. Don't retire just because you are finished or you are now a burden to the company and just wait for your day t

1. CHAPTER ONE

INTRODUCTION TO MIS

2. Data is like raw material, unprocessed facts and figures.
It can be anything from letters and numbers to symbols and
images.
It does not interrelate and also it does not help in decision
making
Data itself has no meaning.
For example, a customer ID number, a product code, etc.
Information is data that has been processed and
organized so that it has meaning.
It can be used to make decisions or take actions.
For example, a customer ID number combined with a
customer's name and address becomes information that can be
used to send a marketing catalogue.

3. A system is a set of interrelated components with a
clearly defined boundary working together to achieve a
common set of objectives.
It refers to a combination of components working together.
It defined as a set of elements which are joined together to
achieve a common objective
These elements are interrelated and interdependent Systems
range from very simple to very complex.
E.g. a computer system includes both hardware and
software.
Components of a system
Input:- the activity of gathering and capturing data
Processing:- Converting or transforming data into useful
outputs
Output:- Useful information, usually in the form of
documents

4. Information system :-
It can be defined as a set of interrelated components that
work together to manage information.
It is a set of people, procedures, and resources that
collects, transforms, and disseminates information in an
organization.
It is a set of interrelated components that collect
(retrieve), process, store, and distribute information to
support decision making and control in an organization.
An information system contains information about an
organization and its surrounding environment.
Three basic activities of IS—input, processing, and
output—produce the information organizations need.

5. Components of an Information System:
There are five main components that make up an
information system:
Hardware: is the physical equipment that you can touch.
Software: These are the programs and instructions that tell
the hardware what to do. There are two main types:
◦System Software: This manages the hardware, like the operating
system.
◦Application Software: This helps users perform specific tasks, like
word processing software or accounting software.
Data: is the raw, unprocessed information that the system
collects. It can be numbers, text, images, or even
audio/video.
People: The human element is essential! People design,
operate, use, and maintain the information system.
 Processes: These are the defined procedures and
instructions that guide how people interact with the system
and how data is processed.

6. Management information systems:-
It is a planned system of collecting, storing and disseminating data in the
form of information needed to carry out the functions of management.
It is attempt to efficiently collect, format, and communicate information to a
wide variety of people.
It is the system, which makes available the right information to the right
person, at the right place, at the right time, in the right form and at the right
cost.
It is defined as the system that provides information support for decision
making in the organization.
It is defined as an integrated system of man and machine for providing the
information to support the operations, the management and the decision
making function in the organization.
It is defining as the system based on the data base of the organization evolved
for the purpose of providing information to the people in the organization.
The MIS is defining as a Computer-based Information System.

7. Components of a Management Information System:
An effective MIS relies on five key components working together
includes:
Hardware: the physical technology infrastructure, including computers,
servers, storage devices, and networking equipment.
Software: the programs and applications that manage the hardware and
manipulate the data. This includes:
◦Database Management Systems (DBMS): Organize and store large amounts of
data efficiently.
◦Analytical Tools: Help analyze data, identify trends, and generate reports.
◦Presentation Software: Create clear and concise visuals to present information to
managers.
Data: the raw information that the system collects from various sources
within the organization, such as sales figures, inventory levels, or
customer feedback.
People: People design, develop, implement, maintain, and use the MIS.
Managers, analysts, and IT professionals all play a role in its success.
Procedures: Defined processes and guidelines that order how data is
collected, entered, processed, analyzed, and used within the MIS.

8. The role of a management information system (MIS) is to allow businesses
with the information they need to make smart decisions.
Here are some of the key things MIS systems do:
Collect, store and process data: An MIS can gather information from
various sources within a company, like sales figures, inventory levels, or
customer data.
Generate reports: MIS systems can create different reports, both
routine and on-demand, that present data in a clear and concise way.
Support decision-making: By providing insightful information, MIS
systems equip managers to make better-informed decisions.
Improve operational efficiency: With better data and insights,
businesses can streamline their operations. An MIS might help identify
bottlenecks in production or redundancies in administrative tasks.
The MIS plays the role of information generation, communication,
problem identification and helps in the process of decision making.
The MIS, therefore, plays a vita role in the management, administration
and operations of an organization.

9. Management Information Systems (MIS) can be broken down into subsystems based on two
main approaches:
1. Organizational Function Subsystems: designed to support the specific functions of different
departments within an organization. Here are some common examples:
Marketing Management Systems (MMS): Tracks customer data, analyzes marketing
campaigns, and supports market research activities.
Human Resource Management Systems (HRMS): Handles employee data, manages payroll,
and assists with recruitment and training activities.
Financial Management Systems (FMS): Tracks financial data, generates financial statements,
and helps with budgeting and forecasting.
Production Management Systems (PMS): Manages production processes, tracks inventory
levels, and optimizes scheduling for manufacturing operations.
Accounting Systems: Records financial transactions, automates bookkeeping tasks, and
generates accounting reports.
2. Activities Subsystems: focus on supporting specific information processing activities across the
organization, regardless of department. Here are some examples:
Transaction Processing Systems (TPS): Processes routine transactions like sales orders,
invoices, and payments.
Management Reporting Systems (MRS): Generates reports summarizing data from various
sources for managerial decision-making.
Decision Support Systems (DSS): Provides tools and data analysis capabilities to support non-
routine decision making.
Operational Control Systems: Monitors and controls day-to-day operations, ensuring
adherence to policies and procedures.
Strategic Planning Systems: Supports long-term planning initiatives by providing data and
analysis for strategic decision-making.

11. a) Technical Approach:-
It emphasizes the hardware, software, data, and technical
processes that make up an information system.
It emphasizes mathematically based models to study
information systems, as well as the physical technology and
formal capabilities of these systems.
The disciplines that contribute to the technical approach are
computer science, management science, and operations
research.
b) Behavioral Approach
It examines the human aspects of information systems,
including user behavior, organizational culture, communication
patterns, and the impact of technology on individuals and
groups.
The disciplines that contribute to the technical approach are
Psychology, sociology, and economics contribute valuable
insights.

12. Knowledge Workers: Workers involved in the creation, distribution,
and application of information.

13. An information-based society has arisen.
Information Society: A society in which more people
work at handling information than at agriculture and
manufacturing combined.
Businesses depend on information technology to get
their work done.
Work processes are being transformed to increase
productivity.
Success in business is largely determined by the
effectiveness with which information technology is
used.
Information technology is embedded in many products
and services.