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Importance and Objective of Management Information System (MIS)

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objective of MIS
Concept and Definition of MIS
Importance and Objective of MIS
Principles of Management (POM)
Third Semester | Second year
BSc.CSIT | Tribhuvan University (TU)

Importance of Management Information System
Management Information System is formal method of collecting information in summarized form. It is network established within an organization to provide information to managers. It provides systematic and analytical information necessary to all level of managers. It helps managers to take right decision at the right time. Importance of MIS is described as follows;

1. Management Information System is always management oriented and keeps in view every level of management and gets the desired information.
2. Integrated – refers to how different components(sub systems) are actually tied up together. eg: different departments of organization linked together.
3. Useful for planning – as every organization makes log-term and short-term plans with the help of information like sales & production, capital investments, stocks etc management can easily plan..
4. Effective Management Information System helps the management to know deviations of actual performance from pre-set targets and control things.
5. It’s important for increasing efficiency.
6. MIS provides updated results of various departments to management.
7. MIS is highly computerized so it provides accurate results.
8. MIS adds to the intelligence, alertness, awareness of managers by providing them information in the form of progress and review reports of an ongoing activity.
9. Helps managers in decision- making.

An effective Management Information System has the following Objectives:
• The objective of MIS is to provide information for decision making on planning, initiating, organizing, and controlling the operations of the subsystems of the firm and to provide a synergistic organization in the process.
• It facilitates the decisions-making process by furnishing information in the proper time frame. This helps the decision-maker to select the best course of action.
• MIS provide requisite information at each level of management to carry out their functions.
• MIS provide a system of people, computers, procedures, and interactive query facilities, documents for collecting, and storing, retrieving and transmitting information to the users.

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