MIS is an Effective Tool to Decision Making

Abstract

Management Information System (MIS) has played an important role in the organization from last two decades by providing the information generation tool. It also helps the top management in decision making in crucial business decisions. Businesses in the developed countries are of dynamic nature and it has to get the information from all sources with minimum time and with most proper way having maximum good characteristics of information. The Indian business scenario is also changing at a very fast rate in all the aspects and in all the areas, using advanced software tools like MIS, DSS and Expert System. MIS provides regular information to managers to allow them to make decisions based on data rather than guesses. Certain data and analysis can play a very useful role in making good decisions about where and when to use human and other resources to achieve the mission of an organization. Managers with quality MIS are able to make decisions from an informed stance rather than a haphazard one. This paper is an attempt to design and develop an MIS for the business organization and show how it helps in taking management decisions related to management function especially for the top management.