Management Information System

A Management Information System (MIS) converts data from INTERNAL AND EXTERNAL SOURCES into information in an APPROPRIATE FORM to managers at DIFFERENT LEVELS in an organisation to enable them to make effective DECISIONS or to MONITOR/CONTROL the performance of their employees. Information comes from internal and external sources. Internal information includes data from transaction processing. External information includes market research, intelligence gathering about the activities of competitors, information about social trends, economic factors, government …

…is an ideal solution for smaller businesses. Upgrades Upgrades can irritate and confuse. They can also be costly, especially when it turns out that existing files, software or hardware might be incompatible with the new version of an application. Upgrades may result in a need for extra training and extra support. Archiving of Information Information may need to be kept. An information management policy might dictate what information should be kept and for how long.