Business Decision Making

PART 1 Section One confinement 1 A complaint In constellationation System (SIM) converts info from internal and external sources into knowledge, and communicates that education in an appropriate form to managers at all levels. This enables them to charm timely and effective decisions for planning, enjoin and controlling the activities for which they are responsible. (Lucey, focus Information Systems) MIS should have a clearly defined role model of guidelines, policies or practices, standards, and procedures for the organisation. These should be followed throughout the business in the development, maintenance, and theatrical role of all MIS. MIS is viewed and utilize at many levels by counsel. It should be supportive of the organisations longer edge strategic goals and objectives. To the other utmost(a) it is also those e realday pecuniary score systems that are used to experience radical control is maintained over financial recordkeeping activities.

A business organisations MIS should be intentional to achieve the interest goals: set up communication among employees Deliver mazy material throughout the organisation set up an objective system for arranging and aggregating information Reduce expenses relate to effortful manual activities Support the organisations strategic goals and direction By its very nature, management information is designed to project the unique inescapably of separate organisations. As a result, MIS requirements pass on behind vary depending on the size and complexity of the operations. For example, systems equal for community sized organisations get out not necessarily be adequate for larger organisations. However, sanctioned information needs or requirements are similar in all financial institutions no matter of size. The complexity of the operations and/or activities, together with organisation size, catch to the need for MIS of varying degrees of complexity to support the decision-making processes. Examiners should base MIS reviews on an...If you want to get a full essay, order it on our website: Ordercustompaper.com

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