Submit your papersSubmit Now
For Enquiries: [email protected]
IIARD LogoIIARD

A Review of the Principles, Components and Applications of Management Information System

G. O. Anyanwu and O. C. Okeke

Abstract

Management Information System (MIS) is a system by which information is collected, processed and provided to management to facilitate decision making in an organization. It is a formal mechanism for gathering, and supplying necessary information to managers to help them in performing their functions effectively. The main objective of management information system is to assist managers in making timely and informed decisions. The principles of management information system include: recognition and management of complexities within an organization; adoption of management information system practice by all staff of the organization; and effective/ extensive communication within an organization. The basic components of management information system include: inputs (collection of data from various sources); processing (conversion of data into information); analyzing (evaluation of information for various uses); and output (supplying the processed information to managers at the right time and place). Management information system is generally applied in assembling, processing, evaluating, storing, retrieval, and disseminating manner to managers in various levels or areas of management such as financial management, manufacturing management, marketing management and human resource management (or personnel management). With the vast information emanating from both in and outside the organisation, computers have become the main tool of management information system. They have revolution management planning and control as they have provided up-to-date and timely reports to management.

Keywords

Management Information SystemPrinciplesComponentsApplicationsDecision Making.

References

Adebayo, G.; (2007). Management Information System in 21st century. Awmark, Ibadan Nigeria Armstrong, M.; (2006). A Handbook of human resource management practice 10th.ed Kogan Page Limited, Lodon. Asemi, A.; Safari, A.; and Zavareh, A.A.; (2011). The Role of management information System (MIS) and Decision Support System (DSS) for manger’s decision making process.International Journal of Business and Management. 6(7)164-173 Birn, R.; (2004). The Effective use of market research: how to drive and focus better business decision 4thed. Kogan Page Limited, London Bliss, E. C.;(1979). Getting things done. Elem Tree, London Bulgars, S.; (2013). The First phase of creating a standardized international technological implementation framework/ software application. Int.J Business and Systems Research. 7(3)250-254 Cakthivel, R. S.;(2004). Role impact and importance of management information system://www.Linkedin.com Eze, I.F.;(2014).Management Information System. Divine Favour Publishing Ventures, Owerri Gupta, C. B.; (1992). Contemporary management. Ashishi Publishing House.New Delhi, India Heidarkhani, A; Khomani, A. A.; Jahanbazi, Q. and Alipoor, A.; (2013). The role of management information systems in decision making and problems of its implementation. Universal Journal of Management and Social Sciences. 3(3),78-89 Jessup, L.M. and Joseph, S. V.;(2008). Information systems today. 3rd.ed. Pearson Publishing, Boston. Jobber, D.; (2007). Principles and practice of marketing. 5th.ed. Mcgraw-Hill Education, New York Kronke, D.; (2015). Essentials of management.4th.ed. Pearson Publishers, Boston. Kurfi, A. K.; (2003). Principles of financial management. Benchmark Publishers Limited, Kano Laudon, K. C.; and Laudon J. P.; (2012). Management information systems: managing the digital firms. 12thed. Pearson Publication Limited Laudon, K.C.; and Traver, C. G. (2010). Ecommerce 2010-Business technology-society. 6th.ed. Pearson Education Incorporation. Prentice Hall Ligon, H. H.; (1976). Successful management information system. Umi Research Press, Ann Arbor Michingan Madu,E. C.;(ed)(2004). Technology for Information Management and Services. Evi-Coleman Publications, Ibadan Nigeria Morris, R.; (2009). The Fundamentals of Product design. Ava Publishing Norma, D.; (2002). The Design of everyday things. Basic Books, New York Nowduril, S.; and Al-Dossary, S.; (2012). Management information systems and its support to sustainable small and medium enterprises. International Journal of Business and Management. 7(19)125 Onuegbu, R. C. and Obiah, M.E.;(2015). Human capital development and human resources management in Nigeria. Mega Atlas Projects Limited, Owerri Reddin, W. J.; (1972). Effective management . Tata Megraw-Hill, New Delhi, India. Robertson, J.; (2005). Information management: 10 principles of effective management.www.steptwo.au Shajahan, S. and Priyadharshini, R.;(2004). Management information systems. New Page International Ltd, India Siddiqui, F.; (2015). Benefits of financial management system. https.//www.linkedin.com/pulse/ Smriti, C.; (2016).Advantages and uses of Human Resource Information System (HRIS)www.yourarticlelibrary.com/hum. mith, P. M.; (1990). Taking charge. Sterling Publishers, New Delhi, India Snivastava, P. K.; (1985). New Horizons in management. Print Well. Jasper, India Uhegbu, A.N.(2007). The Information user: issues and themes. 2nd.ed. Whytem Publishers, Nigeria. Vladimir, Z.;(2016). Information system. Retrieved from www.Britannica.com. Wade, M.(2013). Organisational complexity: the hidden killer. Retrieved from www.imd.org/research/challenges/Tco.

More Articles from IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT