NEED FOR MIS IN MANAGEMENT OF BUSINESS

NEED FOR MIS IN MANAGEMENT OF BUSINESS

1. Increasing complexity of business activity
a) International economy
Firms of all sizes are subject to economic influences that can originate
anywhere in the world. Such influences can be seen in the relative values of
the currencies of each nation, where purchases are made in those countries
with the highest currency value.
b) Worldwide competition
Competition exists on a worldwide scale. Its effects can be seen in the
imports from foreign countries.
c) Increasing complexity of technology
Technology is used everywhere in business. Examples are bar code scanners,
computer based airline reservation systems, automated teller machines,
factory robots ..etc.
d) Shrinking time frames
All phases of business operations are performed more rapidly than ever
before. (telemarketing, electronic sales orders, “just in time “ delivery of
raw materials ..etc)
e) Social constraints
Some products and services are found undesirable by society. Therefore,
business decisions must be based on economic factors, but social costs and
payoffs must be considered as well. Plant expansion, new products, new
sales outlets and similar actions must all be weighed in terms of their
environmental impact.
2. Improved computer capabilities
a) Size
b) Speed