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Objectives of Management Information System (MIS)

MIS Objectives: In this tutorial, we will learn about the objectives of the Management Information System (MIS). By IncludeHelp Last updated : June 01, 2023

This article helps you to be acquainted with the key objectives of the Management information system.

As its name implies, MIS is a system that manages the entire data/information of an organization. Management covers the planning, control, and administration of the operations of a concern. It helps the management in planning, controlling and operations. The central objective of MIS is to provide information to every resource of a company so that they can take an instant decision without any delay.

It is a system to gathers data from the internal and external sources of an organization processes the data and circulate the processed data/information to the managers to assist them in the procedure of decision-making.

MIS's main goals are to help an organization's executives make decisions that improve the organization's agenda and incorporate the company's organizational structure and dynamics to better leverage the organization for a competitive advantage.

MIS is distinct from standard information systems in that other information systems are evaluated.

Objectives of Management Information System (MIS)

Followings are the main objectives of a management information system,

1. Data Storage - it is important to store information or processed data for future use.
2. Data Retrieval - the data should be smoothly retrieved from storage devices whenever needed by different users.
3. Data Propagation - data should be distributed periodically through the organizational network to its users.
4. A system of efficient and effective planning - MIS controls functions of management to provide quick and timely information to the management. The process is very effective to make decisions.
5. An MIS's goals are to incorporate the company's organizational structure and processes in order to better control the enterprise and maximize the information system's potential for competitive advantage.
6. Graphical reports - give an idea about the performance of different resources employed in the organization.
7. Controlling the organization - MIS helps control the organization to provide the latest information as well as historical data whenever required.
8. Standard and budgeted performance - Through matching actual performance with standard and budgeted performance, MIS brings variances to management attention that can be resolved by taking remedial action.
9. MIS provides the notification of the organization's management power to take advantage of available opportunities.
10. MIS reports on re-production statistics which helps management people to take fruitful decisions.

The manager's decision-making plays the main role. It lets management people make decisions based on the information that is being processed. Only input data change, it is an acceptable repeat to support various forms of decision-making by managers. Automation capabilities of MIS can improve your company's performance.

This means that MIS is the mechanism that offers the managers ' required information as the operational information source and prepares them for their decision-making. MIS is used by managers as a tool to identify the issues facing them. MIS helps managers understand the issues and find solutions.

Management information systems, or MIS, are capable of gathering and storing data from different departments, making valuable reports and presentations that can be used by you and your staff. Besides collecting and processing information, MIS's goals include improving the performance of the company and helping with decision-making.