Information Technology Issues:
Management Information Systems
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Template for: Information Technology Issues - MIS
The purpose of this section is to briefly summarize the
status and usefulness of the current management information systems (MIS) used
throughout the business to make decisions. Although most MIS systems today
are automated, this analysis is equally relevant to those businesses with
non-automated MIS systems.
Good decisions require good information, and good
information often requires a good management information system. Technology and
globalization have raised the level of data and information available to new
heights. Data from within the firm and from the industry need to be accessed,
manipulated and reported on efficiently and effectively.
Every part of the organization needs and uses information. For
example, product managers at some companies are able to monitor sales of their
product by store around the country on a daily basis. Some companies even have
their sales force monitor sales and prices of competitors too. The value of this
and other information collected and analyzed varies by industry, by business,
and by function.
Within this context, executive information systems (EIS) are but
one type of management information system. EIS systems are designed to provide
executive management with the information necessary to best run the business.
Typically, EIS systems provide access to external news and information and to
core internal financial systems. After reading this book, it should be clear
that the major information missing from today's EIS systems is the strategic
information discussed in this document.
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