Fourth of Four Students
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EKSU/LA/S05/11/0334
4th of 4
1a. What is MIS? A Management Information System is a computerized database of financial information organized and programmed in such a way that it produces regular reports on operations for every level of management in a company.
1b. Highlight three (3) major functions of MIS
i. To improve decision-making
ii. To improve efficiency
iii. To provide connectivity
1c. i. Characteristics of MIS
i. Management oriented
ii. Management directed
iii. Integrated
iv. Common data flows
v. Strategic planning
vi. Bias towards centralization
1c. ii. Limitations of MIS
i. If designed in an improper manner, it does not serve the management and hence is of little relevance.
ii. If the users do not know how to leverage the information available from MIS, then MIS is of little use.
iii. If the basic data is obsolete and outdated, MIS is of no use.
1d. Benefits of MIS
i. Improves personal efficiency
ii. Expedites problem solving
iii. Facilitates interpersonal communication
iv. Increases organizational control.
1e. Why MIS is required?
i. Increasing impact of information processing for organizational decision making.
ii. Growth of information technology industry and its strategic importance.
iii. Use of information processing in reduction of energy consumption.in educational institutions, natural resource planning, land record management, etc.
2. Write short note on:
ReplyDeletea. Market Management: Is the organizational discipline which focuses on the practical application of marketing orientation, techniques and methods.
b. Financial management: refers to the efficient and effective management of money in such a manner as to accomplish the objectives of the organization.
c. Human Resource Management: Is a function in organizations designed to maximize employee performance in service of an employer's strategic objectives.
d. Operation Management: refers to the administration of business practices to create the highest level of efficiency possible within an organization.
e. Financial Information System: accumulate and analyses financial data used for optimal financial planning.
f. Production Information System: is targeted for use anywhere production is taking place.
g. Marketing Information System: is a management information system designed to support marketing decision making.
h. Human Resources Information System: is a software solution for small to mid-sized businesses to help automate and manage their HR, payroll, management and accounting activities.
3a. What is DSS (Decision Support System) under MIS? Is an interactive software-based system intended to help managers in decision-making by accessing large volumes of information generated from various related information systems involved in organizational business processes.
ReplyDelete3b. What is ESS (Executive Support System): Is intended to be used by the senior managers directly to provide support to non-programmed decisions in strategic management.
Good Submission: 10 Marks
ReplyDelete2. Write short notes on the following:
ReplyDeletea. Market Management: Marketing management is the organizational discipline which focuses on the practical application of marketing orientation, techniques and methods inside enterprises and organizations.
b. Financial Management: Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization.
c. Human Resource Management: Human resource management is a function in organizations designed to maximize employee performance in service of an employer's strategic objectives.
d. Operation Management: Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. e. Financial Information System: A financial information system (FIS) accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes.
f. Production Information System: A management information system that is targeted for use anywhere production is taking place.
g. Marketing Information System: A marketing information system is a management information system (MIS) designed to support marketing decision making.
h. Human Resources Information System: Human Resource Information System, is a software solution for small to mid-sized businesses to help automate and manage their HR, payroll, management and accounting activities.
3a. What is DSS (Decision Support System) under MIS? Decision support systems (DSS) are interactive software-based systems intended to help managers in decision-making by accessing large volumes of information generated from various related information systems involved in organizational business processes.
3b. What is ESS (Executive Support System): Executive support systems are intended to be used by the senior managers directly to provide support to non-programmed decisions in strategic management.
NAME: OLABANJI OLUBUSAYO OPEOLU
ReplyDeleteMATRIC NO: EKSU/LA/SO5/11/0345.
DEPARTMENT: COMPUTER SCIENCE EDU.
LEVEL: 4TH OF 4. COURSE: CSC 416.
1 (a). The MIS (Management Information System) is a computer-based information system, which provides information support for decision-making in the organization.
b) Three major roles of information systems:
1. Support of Strategic Advantage (Competition strategy)
2. Support of Managerial decision-making
3. Support of Business Operation
c) Characteristics of MIS
i. Relevance : The information a manager receives from an MIS has to relate to the decisions the manager has to make. An effective MIS takes data that originates in the areas of activity that concern the manager at any given time, and organizes it into forms that are meaningful for making decisions.
ii. Accuracy: A key measure of the effectiveness of an MIS is the accuracy and reliability of its information. The accuracy of the data it uses and the calculations it applies determine the effectiveness of the resulting information.
iii. Usefulness: The information a manager receives from an MIS may be relevant and accurate, but it is only useful if it helps him with the particular decisions he has to make.
iv. Timeliness: MIS output must be current. Management has to make decisions about the future of the organization based on data from the present, even when evaluating trends.
v. Completeness: An effective MIS presents all the most relevant and useful information for a particular decision.
Limitations of management Information system
1. Highly sensitive requires constant monitoring.
2. Budgeting of MIS extremely difficult.
3. Quality of outputs governed by quality of inputs.
4. Lack of flexibility to update itself.
Benefits of MIS:
1. It facilitates planning, minimizes information overload, encourages decentralization, brings Co-ordination and makes control easier
2. MIS assembles, process, stores, Retrieves, evaluates and disseminates the information.
e) Why MIS is required
1. MIS is always management oriented and keeps in view every level of management and gets the desired information.
2. Useful for planning - as every organization makes log-term and short-term plans with the help of information like sales and production, capital investments, stocks etc management can easily plan.
3. Effective MIS helps the management to know deviations of actual performance from pre-set targets and control things.4. It is important for increasing accuracy and efficiency.
. Write short note on the following.
ReplyDelete• Marketing Management: This is the organizational discipline which focuses on the practical application of marketing orientation, techniques and methods inside enterprises and organizations and on the management of a firm's marketing resources and activities operates.
• Operation: refers to the administration of business practices to create the highest level of efficiency possible within an organization..
• Human resources: This is the set of individuals who make up the workforce of an organization, business sector, or economy. And are also used for personnel aspects.
• Financial information system: A financial information system (FIS) accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes. An FIS is used in conjunction with a decision support system, and it helps a firm attain its financial objectives because they use a minimal amount of resources relative to a predetermined margin of safety.
Onakoya Rukayat
ReplyDeleteEKSU/LA/S012/0145
(1a) Management Information System (MIS) is the term given to the discipline focused on the integration of computer systems with the aims and objectives of an organization.
(1b) Three (3) Functions of Management Information System.
• It supports planning and control decisions
• It collects stores, evaluates information systematically and routinely
• It encourages Decentralization
(1ci) Characteristics of Management Information System.
• Faster problem solving
• Better learning and communication
• It creates a competition advantage, encourages innovation and speeds up and automates the managerial position.
Limitation
• Highly sensitive requires constant monitoring.
• Budgeting of MIS extremely difficult.
• .Quality of outputs governed by quality of inputs.
• Lack of flexibility to update itself.
(1d) What are the benefits of Management Information System?
ReplyDelete• Improves personal efficiency
• Promotes learning or training
• Increases organizational control
• Creates a competitive advantage over competition
• Helps automate the managerial processes
(1e) Why Management Information System is required.
• Companies are able to identify their strengths and weaknesses due to the presence of revenue reports, employees' performance record etc. Identifying these aspects can help a company improve its business processes and operations.
• Giving an overall picture of the company.
• Acting as a communication and planning tool.
• The availability of customer data and feedback can help the company to align its business processes according to the needs of its customers. The effective management of customer data can help the company to perform direct marketing and promotion activities.
WUSA JOHNSON A.
ReplyDeleteEKSU/LA/S05/11/0353
4TH OF 4
1a. Management information system, or MIS, broadly refers to a computer-based system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization.
1b. 3 major functions of MIS
1. Risk Management
2. Manage Electronic Commerce
3. Information Management and Decision Support
1c. Characteristics of MIS
i. Understandable
ii. Relevance
iii. Reliability
limitations of MIS
1. Highly sensitive and requires constant monitoring
2. Budgeting of Budgeting extremely difficult
3. Lack of flexibility to update itself
4. Lots of time required to construct or prepare MIS
5. Constant training required.
6. In depth study or required training has to be carried out before designing the software. 7.Organizational change: Difficult to adapt in new settings for Human resource i.e. Employees. 8. Quality and reliability of the available information.
9. The expense to create and implement an MIS,
10. Training time for employees,
11. Capturing wrong or incomplete information.
1d. Benefits of MIS
ReplyDeletei. The MIS satisfies the diverse needs through variety of systems such as query system, analysis system, modeling system and decision support system.
ii. The MIS helps in strategic planning, management control, operational control and transaction processing
iii. The MIS helps the junior management personnel by providing the operational data for planning, scheduling and control , and helps them further in decision-making at the operation level to correct an out of control situation.
1e. The need for MIS
Using management information systems in an organization simplifies the processes and provides up-to-date information. It enables to get the information related to various aspects of a business through which the strength and weakness of a business can be identified that in turn can lead to formulating strategies and implementing them accordingly in order to bring improvements.
Adebayo F. Temilola
ReplyDeleteEKSU/LA/S05/11/0324
4TH OF 4
1a. A management information system (MIS) is a set of systems and procedures that gather information from a range of sources, compile it and present it in a readable format.
1b. 3 major functions of MIS
i.The MIS helps the top level management in goal setting, strategic planning and evolving the business plans and their implementation.
ii. The MIS plays the role of information generation, communication, problem identification and helps in the process of decision-making.
iii.The MIS, therefore, plays a vital role in the management, administration and operation of an organization.
1c. Characteristics of MIS
• It supports transaction handling and record keeping.
• It is also called as integrated database Management System which supports in major functional areas.
• It provides operational, tactical, and strategic level managers with east access to timely but, for the most, structured information.
• It supports decision –making function which is a vital role of MIS.
LIMITATIONS OF MIS
1. Constant training required.
2. In depth study or required training has to be carried out before designing the software. 3.Organizational change: Difficult to adapt in new settings for Human resource i.e. Employees. 4. Quality and reliability of the available information.
5. The expense to create and implement an MIS,
6. Training time for employees,
7. Capturing wrong or incomplete information.
1d. Benefits of MIS
ReplyDeletei. The MIS satisfies the diverse needs through variety of systems such as query system, analysis system, modeling system and decision support system.
ii. The MIS helps in strategic planning, management control, operational control and transaction processing
iii. The MIS helps the junior management personnel by providing the operational data for planning, scheduling and control , and helps them further in decision-making at the operation level to correct an out of control situation.
1e. The need for MIS
It goes without saying that all managerial functions are performed through decision-making; for taking rational decision, timely and reliable information is essential and is procured through a logical and well structured method of information collecting, processing and disseminating to decision makers. Such a method in the field of management is widely known as MIS.
a. Market Management: Marketing management is the organizational discipline which focuses on the practical application of marketing orientation, techniques and methods inside enterprises and organizations.
ReplyDeleteb. Financial Management: Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization.
c. Human Resource Management: Human resource management is a function in organizations designed to maximize employee performance in service of an employer's strategic objectives.
d. Operation Management: Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. e. Financial Information System: A financial information system (FIS) accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes.
f. Production Information System: A management information system that is targeted for use anywhere production is taking place.
g. Marketing Information System: A marketing information system is a management information system (MIS) designed to support marketing decision making.
h. Human Resources Information System: Human Resource Information System, is a software solution for small to mid-sized businesses to help automate and manage their HR, payroll, management and accounting activities.
3a. What is DSS (Decision Support System) under MIS? Decision support systems (DSS) are interactive software-based systems intended to help managers in decision-making by accessing large volumes of information generated from various related information systems involved in organizational business processes.
3b. What is ESS (Executive Support System): Executive support systems are intended to be used by the senior managers directly to provide support to non-programmed decisions in strategic management.
NAME: OLABANJI OLUBUSAYO OPEOLU
ReplyDeleteMATRIC NO: EKSU/LA/SO5/11/0345.
DEPARTMENT: COMPUTER SCIENCE EDU.
LEVEL: 4TH OF 4.
COURSE: CSC 416.
2) i. Marketing Management: This is application, tracking and review of a company's marketing resources and
activities.
ii. Financial Management: this is the area of business management devoted to a judicious use of capital and a careful selection of sources of capital in order to enable a business firm to move in the direction of reaching its goals.”
iii. Operations Management refers to the activities, decisions and responsibilities of managing the resources which are dedicated to the production and delivery of products and services.
iv. Human Resource Management (HRM) is the term used to describe formal systems devised for the management of people within an organization.
This comment has been removed by the author.
ReplyDeleteNAME: OLABANJI OLUBUSAYO OPEOLU
ReplyDeleteMATRIC NO: EKSU/LA/SO5/11/0345.
DEPARTMENT: COMPUTER SCIENCE EDU.
LEVEL: 4TH OF 4.
COURSE: CSC 416.
v. A financial Information System (FIS) accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes.
vi. A Marketing Information System ( MKIS ) Jobber (2007) defines it as a "system in which marketing data is formally gathered, stored, analysed and distributed to managers in accordance with their informational needs on a regular basis.
vii. PIMS (Production Information Management system) PIMS is a client/server application for the acquisition, display, archiving and reporting of information from a wide variety of control, plant and business systems.
viii. A HRIS (Human Resource Information System) is a software solution for small to mid-sized businesses to help automate and manage their HR, payroll, management and accounting activities.
ix. A Decision Support System (DSS) is a computer program application that analyzes business data and presents it
so that users can make business decisions more easily.
x. An Executive Support System (ESS) is software that allows users to transform enterprise
This comment has been removed by the author.
ReplyDeleteOriaifo osebhakhiemen rose
ReplyDeleteEksu / la / so5 / 11 / 1301
4th of 4
1a MIS focuses on the managment of infomation system to provide efficiency and effectiveness of strategic decision making.
1b FUNCTION OF MIS
it helps store managers make better decisions and attempts to gain a strategic competitive advantages.
1c LIMITATION of MIS
The MIS is as good as its users-if the users do not know how to leverage the information available from MIS then MIS is of little use.
CHARACTERISTICS
.it is system approach
.it is management oriented
.it is need based
.it must be relevant .
1d BENEFIT
Mis describes a company and its resources.it allows managers to create reports about the company activities. Company activities can be products produced or sold, services, inventory, business partners and people. MIS keeps company information make them stay focused and organized.
1e Then need of MIS
The need of the management information system (MIS) manager is to focus on the organization's information and technology systems. It typically analyzes business problems and then designs and maintains computer applications to solve the organization's problems.
2E. Marketing ; handles product creations, sales, prices, advertisements and future business decisions . it help customer give feedback about their company product or services.
ReplyDeleteHuman Resource MIS
HR MIS manages employees and selection of employees.HR MIS looks at needs of the employees, the workforce rules, the hiring process, training, and job assignment.
Financial MIS
Financial MIS creates reports about a company past and present money activities. The Financial MIS can show a companies profit and losses, financial records about a company that states how the company is doing, decisions on spending and how
Production MIS
It monitors and control the flow of materials, products and services of a company.
Oriaifo osebhakhiemen rose
ReplyDelete3. What is Decision support sys
A decision support system (DSS) is a computer-based application that collects, organizes and analyzes business data to facilitate quality business decision-making for management, operations and planning.
3b what is Executive Support System (ESS) is a reporting tool (software) that allows you to turn your organization's data into useful summarized reports.
OTEMUYIWA OLADELE FATAI
ReplyDeleteEKSU/LA/S05/11/0349
4TH of 4
1a. A management information system (MIS) is a set of systems and procedures that gather information from a range of sources, compile it and present it in a readable format.
1b. 3 major functions of MIS
i.The MIS helps the top level management in goal setting, strategic planning and evolving the business plans and their implementation.
ii. The MIS plays the role of information generation, communication, problem identification and helps in the process of decision-making.
iii.The MIS, therefore, plays a vital role in the management, administration and operation of an organization.
1c. Characteristics of MIS
• It supports transaction handling and record keeping.
• It is also called as integrated database Management System which supports in major functional areas.
• It provides operational, tactical, and strategic level managers with east access to timely but, for the most, structured information.
• It supports decision –making function which is a vital role of MIS.
LIMITATIONS OF MIS
1. Constant training required.
2. In depth study or required training has to be carried out before designing the software. 3.Organizational change: Difficult to adapt in new settings for Human resource i.e. Employees. 4. Quality and reliability of the available information.
5. The expense to create and implement an MIS,
6. Training time for employees,
7. Capturing wrong or incomplete information.
1d. Benefits of MIS
a) Quicker information availability
b) Anytime anywhere access to information
c) Promotes non redundancy
d) Quick decision-making
1e. Why MIS is required?
ReplyDeletei. Increasing impact of information processing for organizational decision making.
ii. Dependency of services sector including banking, financial organization, health care, entertainment, tourism and travel.
iii. Changing employment scene world over, shifting base from manual agricultural to machine-based manufacturing and other industry related jobs.
iv. Information revolution and the overall development scenario.
v. Use of information processing in land record managements, legal delivery system, educational institutions, natural resource planning, customer relation management and so on.
2. Write short notes on the following:
a. Market Management: Marketing management is the organizational discipline which focuses on the practical application of marketing orientation, techniques and methods inside enterprises and organizations.
b. Financial Management: Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization.
c. Human Resource Management: Human resource management is a function in organizations designed to maximize employee performance in service of an employer's strategic objectives.
d. Operation Management: Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. e. Financial Information System: A financial information system (FIS) accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes.
f. Production Information System: A management information system that is targeted for use anywhere production is taking place.
ReplyDeleteg. Marketing Information System: A marketing information system is a management information system (MIS) designed to support marketing decision making.
h. Human Resources Information System: Human Resource Information System, is a software solution for small to mid-sized businesses to help automate and manage their HR, payroll, management and accounting activities.
3a. What is DSS (Decision Support System) under MIS? Decision support systems (DSS) are interactive software-based systems intended to help managers in decision-making by accessing large volumes of information generated from various related information systems involved in organizational business processes.
3b. What is ESS (Executive Support System): Executive support systems are intended to be used by the senior managers directly to provide support to non-programmed decisions in strategic management.
NAME: OGUNTUGBIELE OLUWATOSIN SIMON
ReplyDeleteMATRIC NO: EKSU/LA/SO5/11/0344
LEVEL: 4TH OF 4
COURSE CODE: CSC 416
COURSE TITLE: MANAGEMENT SCIENCE
ASSIGNMENT
1a. What is MIS?
MIS (Management Information System) is the study of people, technology and organization. The system is a collection of information management methods involving computer automation (software and hardware) or otherwise supporting and improving the quality and efficiency of business operation and human decision making.
b. State 3 major function of MIS.
i. It plays the role of information generation, communication problem and helps in the process of decision making
ii. Helps in creating a work culture based on information in an organization.
Iii. Helps in minimizing element of surprise.
c. Characteristics and limitation of MIS.
Characteristic
i. The MIS should cross organization lines.
ii. The MIS should be responsive to unstructured request for information.
iii. The MIS should represent the techniques of management science.
Limitation
i. Unemployment ii. Privacy iii. Lack of job security iv. Dominant culture
d. What are the benefits of MIS?
i. Management Information System helps companies to keep track of it resources and stay organized
ii. Increases customer’s satisfaction.
Iii Improve quantity and quality of information.
iv. Improve quality of planning.
v. It helps manager to make different types of reports about company activities.
vi. Improve quality of internal and external communications.
e. Why MIS is required?
We are living in a time of great change and working in an information Age. Managers have to assimilate masses of data, convert that data in information, form conclusion about that information and make decisions leading to the achievement of business objectives.
3a. What is DSS (Decision Support System)?
ReplyDeleteDecision Support System is a computer program application that analyzes business data and presents it so the user can make business decisions more easily. It is a computer-based information system that supports business or organizational decision making activities.
b. What is ESS (Executive Support System)?
Executive Support System is also known as Executive Information System (EIS). It is a type of management Information System that facilitates and support senior executive information and decision-making needs. It provides easy access to internal and external information relevant to organizational goals.
Giwa abiola suliemon
ReplyDeleteEksu/la/so12/0139
(a) what is MIS ? It refers to a computer based system that provides managers With tools to organise, evaluate and efficiently manage department within an organisation
(B) three major functions of MIS
•to improve decision making
•To improve efficiency
•To provide connectivity
(C) Characteristics and limitation of MIS
•management oriented
•analytical in approach
Limitations.
• it cannot analyse unwritten data
•it leads to job insecurity
(D) Benefits of MIS
•It improves decision making
•it enhances organisation communication
It leads to globalisation
(E) Why MIS is required
•its due to growth of data analysis
•Its due to increase in the need For reliable and robust data computation and analysis
•advancement in information technology
(F) short notes on:
• Marketing Management : it is the process of overseeing and planning new product development through advertisement for acceptance
•Finance Management: it refers to the efficient management of money in such a manner as to accomplish the objectives of the organisation
•Operation Management: it refers to the administration of business practices to create the highest level of efficiency possible within the organisation
(F) short notes on:
•Financial information system : it accumulate and analyses financial data used for optimal financial planning and forecasting decision and outcome
•Marketing information system: they are designed specifically for managing the marketing aspect of the business
ReplyDelete•Human resources information system: they are used for peronnel management
(G) what is DSS? They are computer application programs used to compile imformation from a wide range of sources to support problem solving and decision making
(H) what is EIS? It is a reporting tool that provide quick access to summarise reports coming from all company department and level
NAME: ODUNEWU AYODELE
ReplyDeleteMATRIC NO: EKSU/LA/SO5/11/0342
(1)
a. What is MIS? Management Information system (MIS) is therefore a whole system of control employed by an organization to manage its information adequately and efficiently in order to achieve the goals of that organization.
b. What are the major functions of MIS? The major functions of MIS include data capturing, processing of data, storage of information, retrieval of information and dissemination of information.
c. What are the characteristics and limitation of MIS?
Characteristics of MIS
i. It should be based on a long-term planning.
ii. A central database is the backbone of a well-built MIS.
iii. It should allow easy flow of information through various sub-systems.
iv. It should take care of exceptional situations by reporting such situations.
Limitation of MIS
i. Highly sensitive and requires constant monitoring.
ii. Lack of flexibility to update itself.
iii. Constant training is required.
iv. Lot of time is required to construct or prepare MIS.
v. Budgeting of budgeting extremely difficult.
d. What are the benefits of MIS?
i. Companies are able to identify their strengths and weakness due to the presence of revenue reports, employees’ performance record etc.
ii. Give an overall picture of the company.
iii. Acts as a communication and planning tools.
e. Why is MIS required? Information system and information technology have become a vital component of any successful business and are regarded as major functional areas just like any other functional area of a business organization. MIS is important because all businesses have a need for information about the tasks to be performed. Information and technology is used as a tool for solving problems and providing opportunities for increasing productivity and quality.
(2)
ReplyDeleteWrite short note on the following
a. Market management: Is the analysis, planning, implementation and control of programmes designed to bring about desired exchanges with target markets for the purpose of achieving organizational objectives.
b. Finance management: Is the scientific manipulation and exploitation of our business and finance environment, using a range of statistical, mathematical and economics tools, with the aim of making the best economic decision, under prevailing circumstances band availability of information and scarce resources.
c. Operation management refers to the activities decisions and responsibilities of managing the resources of managing the resources which are dedicated to the production and delivery of products and services.
d. Human resources management (HRM): Is the function within an organization that focuses on the recruitment of, management of, and providing direction for the people who work in an organization.
e. Financial information system: Is the information system that tracks financial events and summarizes information supports adequate management reporting, policy decisions, fiduciary responsibilities, and preparation of auditable financial statements should be designed with good relationships between hardware, software, personnel, procedures, controls and data
f. Market information system: Is a set of procedures and methods designed to generate, analyze, disseminate and store anticipated marketing decision information on a regular, continuous basis.
g. Production information system: Is a client/server application for the acquisition, display, archiving and reporting of information from a wide variety of control, plant and business systems.
h. Human resources information system: Is an intersection of human resources and information technology through human resources software. This allows human resources activities and processes to occur electronically.
(3)
a. What is Decision support system? Is a system that provides tools that enable managers to develop information in the manner that best suits the decision they are currently trying to make. The DSS provides manager with computing and communications capabilities to develop his or her own decision models and information banks. DSS support the human decision making process rather than providing a means to replace it.
b. What is Executive support system? It is a decision support system that is designed to meet the special needs of executives. It is a system that provides information to the executive on the overall performance of the firm. An executive can probably best be described as a person at, or near the top of the organizational hierarchy who exerts a strong influence on the course taken by the organization.
NAME: ALHAJI PIUS JOHN
ReplyDeleteMATRIC NO: EKSU/LA/SO5/11/0331
(1)
a) What is MIS?
This is the information that produces the needed information for the top management team to make decision that are broad base with the intention of achieving the specified objectives. MIS generally is needed to also help manager to perform their management responsibility such as staffing, controlling, staffing, co-coordinating and planning the affairs of the entire organization.
b) What are the major functions of MIS?
The primary function of MIS is to help a manager take an action, answer a question or ask the right question. The questions or action should directly relate to tactical or strategic goals.
c) What are the characteristics and limitation of MIS?
CHARACTERISTICS OF MIS
I. It should provide a holistic view of the dynamics and the structure of the organization.
II. It should work as a complete and comprehensive covering all interconnecting sub-systems within the organization.
III. It should be based on need of strategic, operational and tactical information of managers of an organization.
LIMITATION OF MIS
I. Quality and reliability of the available information
II. The expense to create and implement MIS.
III. Capturing wrong or incomplete information.
d) What are the benefits of MIS?
I. Increased customer satisfaction.
II. Improved quantity and quality of information.
III. Improved quality and quantity management decision.
IV. Improved quality and responsiveness number of the competitors; condition.
e) Why is MIS required? MIS is an important discipline because it allows people to support business operations through technology.
Bada Kabiru Olateju
ReplyDeleteEKSU/LA/S05/11/0332
1. What is MIS: MIS is the hardware and software systems within an enterprise that provide the information that management needs to run an enterprise.
2. (3) major functions of MIS
1. Data capturing
2. Processing of data
3. Storage of data
3. Benefits of MIS?.
1. Improve personal efficiency
2. Expedites problem solving
3. Facilitates interpersonal
communication
4. Promotes learning or training
5. Increase organizational control
6. Generates new evidence in support
Of a decision
7. To provide quantity and quality of
Information
8. Creates a competitive advantage
Over competition
9. Helps automate the managerial
Process
10. Reveals new approaches to thinking
About the problem space.
4. Why MIS is required?.
1. It increasing impact of information
processing for organizational
decision making.
2. Dependency of service of services
Sector including banking financial
Organization, health care,
entertainment and numerous
Others on information.
3. Growth of IT industry and its
strategic importance.
4. Improvement in communication
and transportation brought in use
Of information process.
Bada Kabiru Olateju
ReplyDelete5. Write short note on the following:
1. Marketing management: is the
Organizational discipline which focuses on the practical application of marketing orientation, techniques and methods inside enterprises and organization and on the management of a firms marketing resources and activities.
2. Finance management: refer to the efficient and effective management of money(funds) in such a manner as to accomplish the objectives of the organization.
3. Productive management: This refers as the reality and common sense. Management and productivity through simplicity, reality and common sense. Trust and honesty develops productive performance.
4. Human resources management: HRM is the function within an organization that focuses on the recruitment of, management of, and providing direction for the people who work in an organization.
5. Financial information system: FIS accumulates and analysis financial data used for optimal financial planning and forecasting decision and outcomes.
Bada Kabiru Olateju
ReplyDelete6. Marketing information system: is a system that analyzes and assesses marketing information, gathered continuously from sources inside and outside an organization.
7. Human resources information system: HRIS is also known as human resources management system (HRMS). Is basically an intersection of human resources and information technology through HR software.
6. What is distribution support system?. DSS is a comprehensive agency and agent support system designed to provide a variety of functions.
7. What is executive support system?.
ESS is a reporting tools(software) that allows you to turn your organization that into useful summarized reports.
Farinto Janet Taiwo
ReplyDeleteEKSU/LA/S05/11/0336
1a. Management Information Systems (MIS) is the discipline which focuses on the management of information and communications technology elements within business organizations.
1b. Processing data, storage information and retrieval of information
1c. CHARACTERISTICS: Relevance,Usefulness, Timeliness,completeness.
LIMITATIONS
......Highly sensitive and requires constant monitoring
......Lack of flexibility to update itself.
......Budgeting of budgeting extremely difficult.
......Lots of time required to construct or prepare MIS.
......Constant training required.
......In depth study or required training has to be carried out before designing the software.
......Quality and reliability of the available information.
......The expense to create and implement an MIS.
......Training time for employees
...... Capturing wrong or incomplete information.
......Sometimes when the information is wrong, it create chaos in organization.
Farinto Janet Taiwo
ReplyDelete1d. BENEFITS OF MIS
i. Increased customer satisfaction.
ii. Improved quantity and quality of information.
iii. Improved quantity and quality management decisions.
iv. Improved quality and responsiveness number of the competitors' condition.
v. Improved operational efficiency and flexibility.
vi. Improved quality of internal and external communications.
1e Why MIS is required? It is required because it helps in the need of information about the tasks which are to be performed in business and it also combines information from multiple systems.
2a. Marketing management is the organizational discipline which focuses on the practical application of marketing orientation, techniques, and methods inside enterprise and organizations and on the management of a firm's marketing resources and activities.
2b. Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization.
2c. Human resources management is a function in organizations designed to maximize employee performance in service of an employer's strategic objectives.
Oguntugbiele Tosin
ReplyDelete2. Write short note on the following.
a. Marketing Management: Marketing management focuses upon the psychological and physical factors of marketing. The marketing managers are responsible for influencing the level, timing and composition of customers demand accepted definition of the term. While the psychological factors focus upon discovering the needs and wants of the consumers and the changing patterns of buying behavior, habit etc. The physical factors focus upon fulfilling those needs and demands buying better product design, channel of distribution and other function.
b. Finance Management: It involves d effective and efficient management of money or fund in a way that the business objectives may be accomplished successfully. It’s a specialized function that is undertaken by the top management of a business entity.
The progress of a business is assessed in terms of maximization of profits and maximization and returns and maximization of wealth. It plays a vital role in business. It is concerned with the effective utilization of scarce capital.
c. Operation Management: It refers to the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labour into goods and services as efficiently as possible to maximize the profit of an organization.
d. Human Resource Management: HRM workshop will give the manager the basic tool to handle numerous human resources situations such as; interviewing, orientation, safety, harassment, discrimination, violence, discipline and termination. This workshop will provide your participants those skills and assist them with certain human resource situation.
e. Financial Information System: FIS accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes. The Financial Information System is used in conjunction with a decision support system, and it helps a firm attain its financial objectives because they use a minimal amount of resources relative to a predetermined margin of safety.
Oguntugbiele Tosin
ReplyDeletef. Marketing Information System: It is a system in which marketing data is formally gathered, stored, analyzed and distributed to managers in accordance with their information needs on a regular basis.
g. Production Information System: This is also known as Manufacturing Information System. It is therefore an enabler to reaching higher levels of financial performance. Conversely, a poorly designed and tuned information system definitely hurts the plant’s ability to serve the company’s goal of sustaining and increasing profit.
h. Human Resources Information System: This is an information system or managed service that provides a single centralized view of the data that a Human Resource Management or Human Capital Management group requires for completing human resource processes. Such process include; recruiting, applicant tracking, payroll, time and attendance, performance appraisals, benefits administration etc.
AFOLABI THERESA BOLANLE
ReplyDeleteEKSU/LA/S05/11/0327
Solutions to CSC 416 Assignment
(1a) Management Information System (MIS) is the term given to the discipline focused on the integration of computer systems with the aims and objectives of an organization.
(1b) Three (3) Functions of Management Information System.
• It supports planning and control decisions
• It collects stores, evaluates information systematically and routinely
• It encourages Decentralization
(1ci) Characteristics of Management Information System.
• Faster problem solving
• Better learning and communication
• It creates a competition advantage, encourages innovation and speeds up and automates the managerial position.
Limitation
• Highly sensitive requires constant monitoring.
• Budgeting of MIS extremely difficult.
• .Quality of outputs governed by quality of inputs.
• Lack of flexibility to update itself.
1d. BENEFITS OF MIS
i. Increased customer satisfaction.
ii. Improved quantity and quality of information.
iii. Improved quantity and quality management decisions.
iv. Improved quality and responsiveness number of the competitors' condition.
v. Improved operational efficiency and flexibility.
AFOLABI THERESA BOLANLE
ReplyDelete(G) what is DSS? They are computer application programs used to compile imformation from a wide range of sources to support problem solving and decision making
(H) what is ESS? It is a reporting tool that provide quick access to summarise reports coming from all company department and level
OKE PIUS
ReplyDeleteEKSU/LA/S012/0143
a) What is MIS?
This is the information that produces the needed information for the top management team to make decision that are broad base with the intention of achieving the specified objectives. MIS generally is needed to also help manager to perform their management responsibility such as staffing, controlling, staffing, co-coordinating and planning the affairs of the entire organization.
b) What are the major functions of MIS?
The primary function of MIS is to help a manager take an action, answer a question or ask the right question. The questions or action should directly relate to tactical or strategic goals.
c) What are the characteristics and limitation of MIS?
CHARACTERISTICS OF MIS
I. It should provide a holistic view of the dynamics and the structure of the organization.
II. It should work as a complete and comprehensive covering all interconnecting sub-systems within the organization.
III. It should be based on need of strategic, operational and tactical information of managers of an organization.
LIMITATION OF MIS
I. Quality and reliability of the available information
II. The expense to create and implement MIS.
III. Capturing wrong or incomplete information.
d) What are the benefits of MIS?
I. Increased customer satisfaction.
II. Improved quantity and quality of information.
III. Improved quality and quantity management decision.
IV. Improved quality and responsiveness number of the competitors; condition.
e) Why is MIS required? MIS is an important discipline because it allows people to support business operations through technology.
OKE PIUS
ReplyDelete(2)
Write short note on the following
a. Market management: Is the analysis, planning, implementation and control of programmes designed to bring about desired exchanges with target markets for the purpose of achieving organizational objectives.
b. Finance management: Is the scientific manipulation and exploitation of our business and finance environment, using a range of statistical, mathematical and economics tools, with the aim of making the best economic decision, under prevailing circumstances band availability of information and scarce resources.
c. Operation management refers to the activities decisions and responsibilities of managing the resources of managing the resources which are dedicated to the production and delivery of products and services.
d. Human resources management (HRM): Is the function within an organization that focuses on the recruitment of, management of, and providing direction for the people who work in an organization.
OKE PIUS
ReplyDeleteOKE PIUS
ReplyDeletee. Financial information system: Is the information system that tracks financial events and summarizes information supports adequate management reporting, policy decisions, fiduciary responsibilities, and preparation of auditable financial statements should be designed with good relationships between hardware, software, personnel, procedures, controls and data
f. Market information system: Is a set of procedures and methods designed to generate, analyze, disseminate and store anticipated marketing decision information on a regular, continuous basis.
g. Production information system: Is a client/server application for the acquisition, display, archiving and reporting of information from a wide variety of control, plant and business systems.
h. Human resources information system: Is an intersection of human resources and information technology through human resources software. This allows human resources activities and processes to occur electronically.
OKE PIUS
ReplyDelete3A. What is distribution support system?. DSS is a comprehensive agency and agent support system designed to provide a variety of functions.
3B. What is executive support system?.
ESS is a reporting tools(software) that allows you to turn your organization that into useful summarized reports.
AFOLABI THERESA BOLANLE
ReplyDelete2. Write short note on the following.
a. Marketing Management: Marketing management focuses upon the psychological and physical factors of marketing.
b. Finance Management: It involves d effective and efficient management of money or fund in a way that the business objectives may be accomplished successfully.
c. Operation Management: It refers to the administration of business practices to create the highest level of efficiency possible within an organization.
d. Human Resource Management: HRM workshop will give the manager the basic tool to handle numerous human resources situations.
e. Financial Information System: FIS accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes.
FARINTO JANET TAIWO
ReplyDelete2d. Operation management is an area of management concerned with overseeing, designing and controlling the process of production and redesigning business operations in the production of goods and services.
2e. Financial Information System accumulates and analyses financial data used for optimal financial planning and forecasting decisions and outcomes.
2f. Production Information System is a client/server application for the acquisition, display,archiving and reporting of information from a wide variety of control, plant and business systems.
2g. Production Information System is a system in which marketing data is formally gathered, stored, analyzed and distributed to managers in accordance with their informal needs on a regular basis.
2h. Human resource information system is basically an intersection of human resources and information technology through human resource software.
FARINTO JANET TAIWO
ReplyDelete3a. Decision support system refers to class of system which supports in the process of decision making and does not always give a decision itself.
3b. Executive support systems are intended to be used to provide support in strategic management.
NAME:ODUNUGA LUKMAN ADEYORI
ReplyDeleteEKSU/LA/SO5/11/0343
Q1: What is Management lnformation system?
A management information system (MIS) is a computerized database of financial information organized and programmed in such a way that it produces regular reports on operations for every level of management in a company.
Q2:What are the 3 major of MIS
ReplyDelete• It supports planning and control decisions
• It collects stores, evaluates information systematically and routinely
• It encourages Decentralization
Q3:Characteristics of MIS
ReplyDeletei. It should be based on a long-term planning.
ii. A central database is the backbone of a well-built MIS.
iii. It should allow easy flow of information through various sub-systems.
iv. It should take care of exceptional situations by reporting such situations.
Limitation of MIS
i. Highly sensitive and requires constant monitoring.
ii. Lack of flexibility to update itself.
iii. Constant training is required.
iv. Lot of time is required to construct or prepare MIS.
Q4 BENEFITS OF MIS
i. Increased customer satisfaction.
ii. Improved quantity and quality of information.
iii. Improved quantity and quality management decisions.
iv. Improved quality and responsiveness number of the competitors' condition.
v. Improved operational efficiency and flexibility.
vi. Improved quality of internal and external communications.
Q5 Why MIS is required? It is required because it helps in the need of information about the tasks which are to be performed in business and it also combines information from multiple systems.
2. Write short note on the following.
ReplyDeletea. Marketing Management: Marketing management focuses upon the psychological and physical factors of marketing. The marketing managers are responsible for influencing the level, timing and composition of customers demand accepted definition of the term. While the psychological factors focus upon discovering the needs and wants of the consumers and the changing patterns of buying behavior, habit etc.
b. Finance Management: It involves d effective and efficient management of money or fund in a way that the business objectives may be accomplished successfully. It’s a specialized function that is undertaken by the top management of a business entity.
The progress of a business is assessed in terms of maximization of profits and maximization and returns and maximization of wealth. It plays a vital role in business. It is concerned with the effective utilization of scarce capital.
c. Operation Management: It refers to the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labour into goods and services as efficiently as possible to maximize the profit of an organization.
d. Human Resource Management: HRM workshop will give the manager the basic tool to handle numerous human resources situations such as; interviewing, orientation, safety, harassment, discrimination, violence, discipline and termination.
e. Financial Information System: FIS accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes.
f. Productive management: This refers as the reality and common sense. Management and productivity through simplicity, reality and common sense. Trust and honesty develops productive performance.
ReplyDeleteg. Human resources management: HRM is the function within an organization that focuses on the recruitment of, management of, and providing direction for the people who work in an organization.
h.. Financial information system: FIS accumulates and analysis financial data used for optimal financial planning and forecasting decision and outcomes.
i.What is Decision support system? Is a system that provides tools that enable managers to develop information in the manner that best suits the decision they are currently trying to make. The DSS provides manager with computing and communications capabilities to develop his or her own decision models and information banks. DSS support the human decision making process rather than providing a means to replace it.
j.. What is Executive support system? It is a decision support system that is designed to meet the special needs of executives. It is a system that provides information to the executive on the overall performance of the firm. An executive can probably best be described as a person at, or near the top of the organizational hierarchy who exerts a strong influence on the course taken by the organization.
OYELEYE OLAFIMIHAN J.
ReplyDeleteEKSU/LA/S05/11/0351
SOLUTIONS
a) What is MIS?
This is the information that produces the needed information for the top management team to make decision that are broad base with the intention of achieving the specified objectives. MIS generally is needed to also help manager to perform their management responsibility such as staffing, controlling, staffing, co-coordinating and planning the affairs of the entire organization.
b) What are the major functions of MIS?
The primary function of MIS is to help a manager take an action, answer a question or ask the right question. The questions or action should directly relate to tactical or strategic goals.
c) What are the characteristics and limitation of MIS?
CHARACTERISTICS OF MIS
I. It should provide a holistic view of the dynamics and the structure of the organization.
II. It should work as a complete and comprehensive covering all interconnecting sub-systems within the organization.
III. It should be based on need of strategic, operational and tactical information of managers of an organization.
OYELEYE OLAFIMIHAN J.
ReplyDeleteLIMITATION OF MIS
I. Quality and reliability of the available information
II. The expense to create and implement MIS.
III. Capturing wrong or incomplete information.
d) What are the benefits of MIS?
I. Increased customer satisfaction.
II. Improved quantity and quality of information.
III. Improved quality and quantity management decision.
IV. Improved quality and responsiveness number of the competitors; condition.
e) Why is MIS required? MIS is an important discipline because it allows people to support business operations through technology.
2. Write short note on the following.
a. Marketing Management: Marketing management focuses upon the psychological and physical factors of marketing. The marketing managers are responsible for influencing the level, timing and composition of customers demand accepted definition of the term. While the psychological factors focus upon discovering the needs and wants of the consumers and the changing patterns of buying behavior, habit etc.
b. Finance Management: It involves d effective and efficient management of money or fund in a way that the business objectives may be accomplished successfully. It’s a specialized function that is undertaken by the top management of a business entity.
OYELEYE OLAFIMIHAN J
ReplyDeletec. Operation Management: It refers to the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labour into goods and services as efficiently as possible to maximize the profit of an organization.
d. Human Resource Management: HRM workshop will give the manager the basic tool to handle numerous human resources situations such as; interviewing, orientation, safety, harassment, discrimination, violence, discipline and termination. This workshop will provide your participants those skills and assist them with certain human resource situation.
e. Financial Information System: FIS accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes. The Financial Information System is used in conjunction with a decision support system, and it helps a firm attain its financial objectives because they use a minimal amount of resources relative to a predetermined margin of safety.
OYELEYE OLAFIMIHAN J.
ReplyDeletef. Productive management: This refers as the reality and common sense. Management and productivity through simplicity, reality and common sense. Trust and honesty develops productive performance.
g. Human resources management: HRM is the function within an organization that focuses on the recruitment of, management of, and providing direction for the people who work in an organization.
h. Financial information system: FIS accumulates and analysis financial data used for optimal financial planning and forecasting decision and outcomes.
3a.What is Decision support system? Is a system that provides tools that enable managers to develop information in the manner that best suits the decision they are currently trying to make. The DSS provides manager with computing and communications capabilities to develop his or her own decision models and information banks. DSS support the human decision making process rather than providing a means to replace it.
3b What is Executive support system? It is a decision support system that is designed to meet the special needs of executives.
ODEYINKA ABDULHAFEEZ
ReplyDeleteEKSU/LA/S012/0137
MY ANSWERS
1a. Management information system is a set of systems which helps management at different levels to take better decisions by providing the necessary information to managers. Management information system is not a monolithic entity but a collection of systems which provide the user with a monolithic feel as far as information delivery, transmission and storage is concerned.
1b. Three major functions of MIS.
i. To improve decision-making
ii. To improve efficiency
iii. To provide connectivity
1c
Characteristics and limitations of MIS
• It supports transaction handling and record keeping.
• It is also called as integrated database Management System which supports in major functional areas.
• It provides operational, tactical, and strategic level managers with east access to timely but, for the most, structured information.
ODEYINKA ABDULHAFEEZ
ReplyDelete1d. Benefits of MIS
a) Quicker information availability
b) Anytime anywhere access to information
c) Promotes non redundancy
d) Quick decision-making
1e. Why MIS is required?
i. Increasing impact of information processing for organizational decision making.
ii. Dependency of services sector including banking, financial organization, health care, entertainment, tourism and travel.
iii. Changing employment scene world over, shifting base from manual agricultural to machine-based manufacturing and other industry related jobs.
iv. Information revolution and the overall development scenario.
v. Use of information processing in land record managements, legal delivery system, educational institutions, natural resource planning, customer relation management and so on.
ODEYINKA ABDULHAFEEZ
ReplyDeletee. Financial Information System: A financial information system (FIS) accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes.
f. Production Information System: A management information system that is targeted for use anywhere production is taking place.
g. Marketing Information System: A marketing information system is a management information system (MIS) designed to support marketing decision making.
h. Human Resources Information System: Human Resource Information System, is a software solution for small to mid-sized businesses to help automate and manage their HR, payroll, management and accounting activities.
3a. What is DSS (Decision Support System) under MIS? Decision support systems (DSS) are interactive software-based systems intended to help managers in decision-making by accessing large volumes of information generated from various related information systems involved in organizational business processes.
3b. What is ESS (Executive Support System): Executive support systems are intended to be used by the senior managers directly to provide support to non-programmed decisions in strategic management.
e. Financial Information System: A financial information system (FIS) accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes.
ReplyDeletef. Production Information System: A management information system that is targeted for use anywhere production is taking place.
g. Marketing Information System: A marketing information system is a management information system (MIS) designed to support marketing decision making.
h. Human Resources Information System: Human Resource Information System, is a software solution for small to mid-sized businesses to help automate and manage their HR, payroll, management and accounting activities.
3a. What is DSS (Decision Support System) under MIS? Decision support systems (DSS) are interactive software-based systems intended to help managers in decision-making by accessing large volumes of information generated from various related information systems involved in organizational business processes.
3b. What is ESS (Executive Support System): Executive support systems are intended to be used by the senior managers directly to provide support to non-programmed decisions in strategic management.
GBADAMOSI ISLAMIYAT ADEBOLA
ReplyDeleteEKSU/LA/S05/11/0337
1a. What is MIS?
MIS (Management Information System) is the study of people, technology and organization. The system is a collection of information management methods involving computer automation (software and hardware) or otherwise supporting and improving the quality and efficiency of business operation and human decision making.
b. State 3 major function of MIS.
i. It plays the role of information generation, communication problem and helps in the process of decision making
ii. Helps in creating a work culture based on information in an organization.
Iii. Helps in minimizing element of surprise.
c. Characteristics and limitation of MIS.
Characteristic
i. The MIS should cross organization lines.
ii. The MIS should be responsive to unstructured request for information.
iii. The MIS should represent the techniques of management science.
GBADAMOSI ISLAMIYAT ADEBOLA
ReplyDeleteLimitation of MIS
i. Highly sensitive and requires constant monitoring.
ii. Lack of flexibility to update itself.
iii. Constant training is required.
iv. Lot of time is required to construct or prepare MIS.
Q4 BENEFITS OF MIS
i. Increased customer satisfaction.
ii. Improved quantity and quality of information.
iii. Improved quantity and quality management decisions.
iv. Improved quality and responsiveness number of the competitors' condition.
v. Improved operational efficiency and flexibility.
vi. Improved quality of internal and external communications.
Q5 Why MIS is required? It is required because it helps in the need of information about the tasks which are to be performed in business and it also combines information from multiple systems.
GBADAMOSI ISLAMIYAT ADEBOLA
ReplyDelete2. a. Marketing Management: Marketing management focuses upon the psychological and physical factors of marketing.
b. Finance Management: It involves d effective and efficient management of money or fund in a way that the business objectives may be accomplished successfully. It’s a specialized function that is undertaken by the top management of a business entity.
The progress of a business is assessed in terms of maximization of profits and maximization and returns and maximization of wealth.
c. Operation Management: It refers to the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labour into goods and services as efficiently as possible to maximize the profit of an organization.
d. Human Resource Management: HRM workshop will give the manager the basic tool to handle numerous human resources situations such as; interviewing, orientation, safety, harassment, discrimination, violence, discipline and termination.
e. Financial Information System: FIS accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes.
GBADAMOSI ISLAMIYAT ADEBOLA
ReplyDelete3A. What is distribution support system?. DSS is a comprehensive agency and agent support system designed to provide a variety of functions.
3B. What is executive support system?.
ESS is a reporting tools(software) that allows you to turn your organization that into useful summarized reports.
OLOWU FOLAKE OLUBUKOLA
ReplyDeleteEKSU/LA/S05/11/0348
1a. What is MIS? A Management Information System is a computerized database of financial information organized and programmed in such a way that it produces regular reports on operations for every level of management in a company.
1b. Highlight three (3) major functions of MIS
i. To improve decision-making
ii. To improve efficiency
iii. To provide connectivity
1c. i. Characteristics of MIS
i. Management oriented
ii. Management directed
iii. Integrated
iv. Common data flows
v. Strategic planning
vi. Bias towards centralization
1c. ii. Limitations of MIS
i. If designed in an improper manner, it does not serve the management and hence is of little relevance.
ii. If the users do not know how to leverage the information available from MIS, then MIS is of little use.
iii. If the basic data is obsolete and outdated, MIS is of no use.
OLOWU FOLAKE OLUBUKOLA
ReplyDelete1d. Benefits of MIS
i. Improves personal efficiency
ii. Expedites problem solving
iii. Facilitates interpersonal communication
iv. Increases organizational control.
1e. Why MIS is required?
i. Increasing impact of information processing for organizational decision making.
ii. Growth of information technology industry and its strategic importance.
iii. Use of information processing in reduction of energy consumption.in educational institutions, natural resource planning, land record management, etc.
2. Write short note on:
a. Market Management: Is the organizational discipline which focuses on the practical application of marketing orientation, techniques and methods.
OLOWU FOLAKE OLUBUKOLA
ReplyDeleteb. Financial management: refers to the efficient and effective management of money in such a manner as to accomplish the objectives of the organization.
c. Human Resource Management: Is a function in organizations designed to maximize employee performance in service of an employer's strategic objectives.
d. Operation Management: refers to the administration of business practices to create the highest level of efficiency possible within an organization.
e. Financial Information System: accumulate and analyses financial data used for optimal financial planning.
f. Production Information System: is targeted for use anywhere production is taking place.
g. Marketing Information System: is a management information system designed to support marketing decision making.
h. Human Resources Information System: is a software solution for small to mid-sized businesses to help automate and manage their HR, payroll, management and accounting activities.
3a. What is DSS (Decision Support System) under MIS? Is an interactive software-based system intended to help managers in decision-making by accessing large volumes of information generated from various related information systems involved in organizational business processes.
3b. What is ESS (Executive Support System): Is intended to be used by the senior managers directly to provide support to non-programmed decisions in strategic management.
OWODOLU BOLUWATIFE IYABODE
ReplyDeleteEKSU/LA/S05/11/0350
1a. Management information system is a set of systems which helps management at different levels to take better decisions by providing the necessary information to managers. Management information system is not a monolithic entity but a collection of systems which provide the user with a monolithic feel as far as information delivery, transmission and storage is concerned.
1b. Three major functions of MIS.
i. To improve decision-making
ii. To improve efficiency
iii. To provide connectivity
1c
Characteristics and limitations of MIS
• It supports transaction handling and record keeping.
• It is also called as integrated database Management System which supports in major functional areas.
• It provides operational, tactical, and strategic level managers with east access to timely but, for the most, structured information.
1d. Benefits of MIS
i. Improves personal efficiency
ii. Expedites problem solving
iii. Facilitates interpersonal communication
iv. Increases organizational control.
OWODOLU BOLUWATIFE IYABODE
ReplyDeletee. Financial Information System: FIS accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes.
f. Productive management: This refers as the reality and common sense. Management and productivity through simplicity, reality and common sense. Trust and honesty develops productive performance.
g. Human resources management: HRM is the function within an organization that focuses on the recruitment of, management of, and providing direction for the people who work in an organization.
h. Financial information system: FIS accumulates and analysis financial data used for optimal financial planning and forecasting decision and outcomes.
3a.What is Decision support system? Is a system that provides tools that enable managers to develop information in the manner that best suits the decision they are currently trying to make.
3b What is Executive support system? It is a decision support system that is designed to meet the special needs of executives.
AKINWANDE FUNKE
ReplyDeleteEKSU/LA/SO5/11/033O
1a. What is MIS? A Management Information System is a computerized database of financial information organized and programmed in such a way that it produces regular reports on operations for every level of management in a company.
1b. Highlight three (3) major functions of MIS
i. To improve decision-making
ii. To improve efficiency
iii. To provide connectivity
1c. i. Characteristics of MIS
i. Management oriented
ii. Management directed
iii. Integrated
iv. Common data flows
v. Strategic planning
vi. Bias towards centralization
1c. ii. Limitations of MIS
i. If designed in an improper manner, it does not serve the management and hence is of little relevance.
ii. If the users do not know how to leverage the information available from MIS, then MIS is of little use.
iii. If the basic data is obsolete and outdated, MIS is of no use.
AKINWANDE FUNKE
ReplyDelete1d. Benefits of MIS
a) Quicker information availability
b) Anytime anywhere access to information
c) Promotes non redundancy
d) Quick decision-making
1e. Why MIS is required?
i. Increasing impact of information processing for organizational decision making.
ii. Dependency of services sector including banking, financial organization, health care, entertainment, tourism and travel.
iii. Changing employment scene world over, shifting base from manual agricultural to machine-based manufacturing and other industry related jobs.
iv. Information revolution and the overall development scenario.
v. Use of information processing in land record managements, legal delivery system, educational institutions, natural resource planning, customer relation management and so on.
2. Write short note on:
a. Market Management: Is the organizational discipline which focuses on the practical application of marketing orientation, techniques and methods.
b. Financial management: refers to the efficient and effective management of money in such a manner as to accomplish the objectives of the organization.
c. Human Resource Management: Is a function in organizations designed to maximize employee performance in service of an employer's strategic objectives.
AKINWANDE FUNKE
ReplyDeleted. Operation Management: refers to the administration of business practices to create the highest level of efficiency possible within an organization.
e. Financial Information System: accumulate and analyses financial data used for optimal financial planning.
f. Production Information System: is targeted for use anywhere production is taking place.
g. Marketing Information System: is a management information system designed to support marketing decision making.
h. Human Resources Information System: is a software solution for small to mid-sized businesses to help automate and manage their HR, payroll, management and accounting activities.
3a. What is DSS (Decision Support System) under MIS? Is an interactive software-based system intended to help managers in decision-making by accessing large volumes of information generated from various related information systems involved in organizational business processes.
3b. What is ESS (Executive Support System): Is intended to be used by the senior managers directly to provide support to non-programmed decisions in strategic management.
AJIBONA TOSIN ESTHER
ReplyDeleteEKSU/LA/S05/11/0329
4TH OF 4
1a. A management information system (MIS) is a set of systems and procedures that gather information from a range of sources, compile it and present it in a readable format.
1b. 3 major functions of MIS
i.The MIS helps the top level management in goal setting, strategic planning and evolving the business plans and their implementation.
ii. The MIS plays the role of information generation, communication, problem identification and helps in the process of decision-making.
iii.The MIS, therefore, plays a vital role in the management, administration and operation of an organization.
1c. Characteristics of MIS
• It supports transaction handling and record keeping.
• It is also called as integrated database Management System which supports in major functional areas.
• It provides operational, tactical, and strategic level managers with east access to timely but, for the most, structured information.
• It supports decision –making function which is a vital role of MIS.
LIMITATIONS OF MIS
1. Constant training required.
2. In depth study or required training has to be carried out before designing the software. 3.Organizational change: Difficult to adapt in new settings for Human resource i.e. Employees. 4. Quality and reliability of the available information.
5. The expense to create and implement an MIS,
6. Training time for employees,
7. Capturing wrong or incomplete information.
AJIBONA TOSIN ESTHER
ReplyDeleted) What are the benefits of MIS?
I. Increased customer satisfaction.
II. Improved quantity and quality of information.
III. Improved quality and quantity management decision.
IV. Improved quality and responsiveness number of the competitors; condition.
e) Why is MIS required? MIS is an important discipline because it allows people to support business operations through technology.
2. Write short note on the following.
a. Marketing Management: Marketing management focuses upon the psychological and physical factors of marketing. The marketing managers are responsible for influencing the level, timing and composition of customers demand accepted definition of the term.
b. Finance Management: It involves d effective and efficient management of money or fund in a way that the business objectives may be accomplished successfully.
c. Operation Management: It refers to the administration of business practices to create the highest level of efficiency possible within an organization. It is concerned with converting materials and labour into goods and services as efficiently as possible to maximize the profit of an organization.
EKEH UGOCHI QUEENDALINE
ReplyDeleteEKSU/LA/SO5/11/0335
EKEH UGOCHI QUEENDALINE
ReplyDeleteEKSU/LA/S05/11/0335
1a. A management information system (MIS) is a set of systems and procedures that gather information from a range of sources, compile it and present it in a readable format.
1b. 3 major functions of MIS
i.The MIS helps the top level management in goal setting, strategic planning and evolving the business plans and their implementation.
ii. The MIS plays the role of information generation, communication, problem identification and helps in the process of decision-making.
iii.The MIS, therefore, plays a vital role in the management, administration and operation of an organization.
1c. Characteristics of MIS
• It supports transaction handling and record keeping.
• It is also called as integrated database Management System which supports in major functional areas.
• It provides operational, tactical, and strategic level managers with east access to timely but, for the most, structured information.
• It supports decision –making function which is a vital role of MIS.
LIMITATIONS OF MIS
1. Constant training required.
2. In depth study or required training has to be carried out before designing the software. 3.Organizational change: Difficult to adapt in new settings for Human resource i.e. Employees. 4. Quality and reliability of the available information.
5. The expense to create and implement an MIS,
6. Training time for employees,
7. Capturing wrong or incomplete information.
1d. Benefits of MIS
a) Quicker information availability
b) Anytime anywhere access to information
c) Promotes non redundancy
d) Quick decision-making
LUKA SUZAN
ReplyDeleteEKSU/LA/SO5/11/0341
(1)
a) What is MIS? MIS is the combination of data processing system, control system and decision making system. This is the information that produces the needed information for the top management team to make decision that are broad base with the intention of achieving the specified objectives.
b) What are the major functions of MIS? The primary function of MIS is to help a manager take an action, answer a question or ask the right question. The questions or action should directly relate to tactical or strategic goals.
c) What are the characteristics and limitation of MIS?
Characteristics of MIS
i. It should be planned in a top-down way, as the decision makers or the management should actively take part and provide clear direction at the development stage of the MIS.
ii. It should be based on need of strategic, operational and tactical information of managers of an organization.
iii. It should be able to make forecast and estimates, and generate advanced information, thus providing a competitive advantage.
LUKA SUZAN
ReplyDeleteLimitation of MIS
i. Training time for employees.
ii. Sometimes when the information is wrong, it create chaos in organization.
d) What are the benefits of MIS?
i. Increased customer satisfaction.
ii. Improved quantity and quality of information.
iii. Improved quality and quantity management decision.
iv. It can help a company gain a competitive advantage. Competitive advantage is a firm’s ability to do something better, faster, cheaper, or uniquely when compared with rival firms in the market.
e) Why is MIS required? Every department in a business utilizes information systems. These systems store information about customers, employees and vendors. IT department ensure that these systems are functioning appropriately through the understanding of MIS. The goal is to increase efficiency and provide the business with a competitive advantage over those that do not have a proper system.
(2)
Write short note on the following
a) Marketing management: Is an important function that brings companies and clients closer together. It facilitates the activities and functions which are involved in the distribution of goods and services.
LUKA SUZAN
ReplyDeleteb) Finance management: it means applying general management principles to financial resources of the enterprises.
c) Operation management: Is primarily concerned with converting materials and labor into goods and services as efficiently as possible to maximize profits.
d) Human resources management: Is a strategic and comprehensive approach to managing people and the workplace culture and environment.
e) Financial information system
f) Market information system: They are tools that help marketing managers and business owners make decision study.
g. Production information system: Is a client/server application for the acquisition, display, archiving and reporting of information from a wide variety of control, plant and business systems.
h. Human resources information system: Is an information system that provides a single, centralized view of data that a human resources management or human capital management group requires foe completing human resources processes.
LUKA SUZAN
ReplyDelete(3)
a) What is DSS (Decision support system)?
A decision support system is a system is a system that provides tools that enable managers to develop information in the manner that best suits the decision they are currently trying to make. The DSS provides manager with computing and communications capabilities to develop his or her own decision models and information banks. DSS support the human decision making process rather than providing a means to replace it.
b) What is ESS (Executive support system)?
It is a decision support system that is designed to meet the special needs of executives. Executive take executive decisions. Most executive decisions fall into one of three classes: strategist planning, tactical planning and ‘fire fighting’ activities. Executives exercise controls to ensure that the organization’s activities are carried out properly.
AJAYI FOLASAYO MARY
ReplyDeleteEKSU/LA/SO5/11/0328
(1)
a) What is MIS? MIS is the combination of data processing system, control system and decision making system. This is the information that produces the needed information for the top management team to make decision that are broad base with the intention of achieving the specified objectives.
b) What are the major functions of MIS? The primary function of MIS is to help a manager take an action, answer a question or ask the right question. The questions or action should directly relate to tactical or strategic goals.
c) What are the characteristics and limitation of MIS?
Characteristics of MIS
i. It should be planned in a top-down way, as the decision makers or the management should actively take part and provide clear direction at the development stage of the MIS.
ii. It should be based on need of strategic, operational and tactical information of managers of an organization.
iii. It should be able to make forecast and estimates, and generate advanced information, thus providing a competitive advantage.
Limitation of MIS
i. Training time for employees.
ii. Sometimes when the information is wrong, it create chaos in organization.
d) What are the benefits of MIS?
i. Increased customer satisfaction.
ii. Improved quantity and quality of information.
iii. Improved quality and quantity management decision.
iv. It can help a company gain a competitive advantage. Competitive advantage is a firm’s ability to do something better, faster, cheaper, or uniquely when compared with rival firms in the market.
e) Why is MIS required? Every department in a business utilizes information systems. These systems store information about customers, employees and vendors. IT department ensure that these systems are functioning appropriately through the understanding of MIS. The goal is to increase efficiency and provide the business with a competitive advantage over those that do not have a proper system
GBADEGESIN FATAI TAIWO
ReplyDeleteEKSU/LA/S05/11/0338
4TH OF 4
COMPUTER SCIENCE DEPARTMENT
CSC 416
1a. What is MIS? A Management Information System is a computerized database of financial information organized and programmed in such a way that it produces regular reports on operations for every level of management in a company.
1b. Highlight three (3) major functions of MIS
i. To improve decision-making
ii. To improve efficiency
iii. To provide connectivity
1c. i. Characteristics of MIS
i. Management oriented
ii. Management directed
iii. Integrated
1c. ii. Limitations of MIS
i. If designed in an improper manner, it does not serve the management and hence is of little relevance.
ii. If the users do not know how to leverage the information available from MIS, then MIS is of little use.
iii. If the basic data is obsolete and outdated, MIS is of no use.
GBADEGESIN FATAI TAIWO
ReplyDelete1d. Benefits of MIS
i. Improves personal efficiency
ii. Expedites problem solving
iii. Facilitates interpersonal communication
iv. Increases organizational control.
1e. Why MIS is required?
i. Increasing impact of information processing for organizational decision making.
ii. Growth of information technology industry and its strategic importance.
iii. Use of information processing in reduction of energy consumption.in educational institutions, natural resource planning, land record management, etc.
2. Write short note on:
a. Market Management: Is the organizational discipline which focuses on the practical application of marketing orientation, techniques and methods.
b. Financial management: refers to the efficient and effective management of money in such a manner as to accomplish the objectives of the organization.
c. Human Resource Management: Is a function in organizations designed to maximize employee performance in service of an employer's strategic objectives.
d. Operation Management: refers to the administration of business practices to create the highest level of efficiency possible within an organization.
e. Financial Information System: accumulate and analyses financial data used for optimal financial planning.
GBADEGESIN FATAI TAIWO
ReplyDeletef. Production Information System: is targeted for use anywhere production is taking place.
g. Marketing Information System: is a management information system designed to support marketing decision making.
h. Human Resources Information System: is a software solution for small to mid-sized businesses to help automate and manage their HR, payroll, management and accounting activities.
3a. What is DSS (Decision Support System) under MIS? Is an interactive software-based system intended to help managers in decision-making by accessing large volumes of information generated from various related information systems involved in organizational business processes.
3b. What is ESS (Executive Support System): Is intended to be used by the senior managers directly to provide support to non-programmed decisions in strategic management.
Umar Tinau Ibrahim
ReplyDeleteeksu/la/s05/11/0352
1a. Management information system is a set of systems which helps management at different levels to take better decisions by providing the necessary information to managers. Management information system is not a monolithic entity but a collection of systems which provide the user with a monolithic feel as far as information delivery, transmission and storage is concerned.
1b. Three major functions of MIS.
i. To improve decision-making
ii. To improve efficiency
iii. To provide connectivity
1c
Characteristics and limitations of MIS
• It supports transaction handling and record keeping.
• It is also called as integrated database Management System which supports in major functional areas.
• It provides operational, tactical, and strategic level managers with east access to timely but, for the most, structured information.
1d. Benefits of MIS
a) Quicker information availability
b) Anytime anywhere access to information
c) Promotes non redundancy
d) Quick decision-making
Umar Tinau Ibrahim
ReplyDeleted. Operation Management: Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. e. Financial Information System: A financial information system (FIS) accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes.
f. Production Information System: A management information system that is targeted for use anywhere production is taking place.
g. Marketing Information System: A marketing information system is a management information system (MIS) designed to support marketing decision making.
h. Human Resources Information System: Human Resource Information System, is a software solution for small to mid-sized businesses to help automate and manage their HR, payroll, management and accounting activities.
3a. What is DSS (Decision Support System) under MIS? Decision support systems (DSS) are interactive software-based systems intended to help managers in decision-making by accessing large volumes of information generated from various related information systems involved in organizational business processes.
3b. What is ESS (Executive Support System): Executive support systems are intended to be used by the senior managers directly to provide support to non-programmed decisions in strategic management.
Kadir Esther
ReplyDeleteEksu/La/S05/11/0339
1a. What is MIS? A Management Information System is a computerized database of financial information organized and programmed in such a way that it produces regular reports on operations for every level of management in a company.
1b. Highlight three (3) major functions of MIS
i. To improve decision-making
ii. To improve efficiency
iii. To provide connectivity
1c. i. Characteristics of MIS
i. Management oriented
ii. Management directed
iii. Integrated
1c. ii. Limitations of MIS
i. If designed in an improper manner, it does not serve the management and hence is of little relevance.
ii. If the users do not know how to leverage the information available from MIS, then MIS is of little use.
iii. If the basic data is obsolete and outdated, MIS is of no use.
Kadir Esther
ReplyDelete1d. Benefits of MIS
a) Quicker information availability
b) Anytime anywhere access to information
c) Promotes non redundancy
d) Quick decision-making
1e. Why MIS is required?
i. Increasing impact of information processing for organizational decision making.
ii. Dependency of services sector including banking, financial organization, health care, entertainment, tourism and travel.
iii. Changing employment scene world over, shifting base from manual agricultural to machine-based manufacturing and other industry related jobs.
iv. Information revolution and the overall development scenario.
v. Use of information processing in land record managements, legal delivery system, educational institutions, natural resource planning, customer relation management and so on.
2. Write short note on:
a. Market Management: Is the organizational discipline which focuses on the practical application of marketing orientation, techniques and methods.
b. Financial management: refers to the efficient and effective management of money in such a manner as to accomplish the objectives of the organization.
c. Human Resource Management: Is a function in organizations designed to maximize employee performance in service of an employer's strategic objectives.
Kadir Esther
ReplyDeleted. Operation Management: Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. e. Financial Information System: A financial information system (FIS) accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes.
f. Production Information System: A management information system that is targeted for use anywhere production is taking place.
g. Marketing Information System: A marketing information system is a management information system (MIS) designed to support marketing decision making.
h. Human Resources Information System: Human Resource Information System, is a software solution for small to mid-sized businesses to help automate and manage their HR, payroll, management and accounting activities.
3a. What is DSS (Decision Support System) under MIS? Decision support systems (DSS) are interactive software-based systems intended to help managers in decision-making by accessing large volumes of information generated from various related information systems involved in organizational business processes.
3b. What is ESS (Executive Support System): Executive support systems are intended to be used by the senior managers directly to provide support to non-programmed decisions in strategic management.
This comment has been removed by the author.
ReplyDeleteNAME: adedotun, Fatimah adebukola
ReplyDeleteMATRIC NO: EKSU/LA/SO5/11/0325
DEPARTMENT: COMPUTER SCIENCE
What is a Marketing Information System?
A marketing information system (MIS) is a software program that provides information about marketing research. It allows users to compile and analyze data in a very easy, organized fashion. MIS systems are also effective tools that help users make decisions about consumer behavior and the marketing mix, including products and how they are placed, priced, and promoted. The more sophisticated the management information system, the more information it can provide.
Three major functions of a marketing information System:
ReplyDeleteAssessing Information Need
Developing Information
Distributing Information
CHARACTERISTIC OF MARKETING INFORMATION SYSTEM
Continuous system: MIS is a permanent and continuous system of collecting information. It collects information continuously.
Basic objective: The basic objective of MIS is to provide the right-information at the right-time to the right-people to help them take right decisions.
Computer based system: MIS is a computer-based system. It uses computers for storing, analyzing and supplying information. It also uses micro-films for storing information. Therefore, it is very quick and accurate.
Future-oriented: MIS is future-oriented. It provides information for solving future problems. It is not past-oriented.
Used by all levels: MIS is used by all three levels of management, i.e. top, middle and lower. It is used for making marketing plans, policies and strategies. This is used to solve marketing problems and to take advantage of business opportunities.
LIMITATION OF MARKETING INFORMATION SYSTEM
Highly sensitive and requires constant monitoring
Budgeting of Budgeting extremely difficult
Lack of flexibility to update itself
Lots of time required to construct or prepare MIS
Constant training required.
Benefits of a Marketing Information System
If you are a marketing manager or business owner, finding effective ways to market your business is vital. Marketing information becomes even more important if you are part of a crowded market with many competitors or you have a product that isn't well known. If you don't have good information, such as the data found in sales reports, you may end up wasting a lot of time and money on ineffective marketing activities. An investment in an MIS system is an effective way to help you organize and prepare your marketing campaigns.
Good afternoon sir. I don't know how to use Java Program to find a SQUARE ROOT. For instance, the Area of triangle using Hero's formular.
ReplyDelete