BASICS OF MIS

INFORMATION MANAGEMENT

The following are the 5 types of resources which a manager is required to manage effectively:

1. Material

2. Machines

3. Money

4. Personnel

5. Information

Above 4 resources are categorized as physical and information is categorized as conceptual.

INTEREST IN INFORMATION MANAGEMENT

1. Increasing complexity of business activity

a. International economy

b. Global competition

c. Technology complications

d. Time factor

e. Social constraints

2. Improved computer capabilities

a. Size

b. Speed

USERS OF INFORMATION

1. Managers

Managers need information for solving problems. Embracing the MIS concept made several firms develop applications specifically aimed at management support.

2. Non-managers

Non-managers and staff specialists also use the MIS output.

3. Persons & organizations in the firm’s environment

Users outside the company for example- customers receiving invoices, stockholders getting dividend checks, and the federal government checking tax reports.