Question

How do you feel does Management information system(MIS) relates to effective decision-making?

Answer 1

MIS and Effective Decisions Making

MIS(Management Information System) is a medium to collect and analyze the data and information of the business organizations. Decisions Making is the process of taking the right action for the current need of the organizations. MIS and Decisions making connections and both depend on each other. MIS provides the support material for making decisions and the result of decision making becomes the next MIS for the business. It is a continuous process of the business, the organization always wants to make the right decisions and MIS makes it more simple to understands. Let's understand MIS is related to Effective decision-making.

• MIS helps to take management decisions more accurately. Analysis of the strategy and goal of the organizations understand the need of the organizations. Example: Sales Target and Market Share help to decide the Marketing Strategy for the Business.
• MIS is the tool to take correct decisions for the business. MIS provides information to make decisions making it more effective. Example: Performance Reports of Employee help to analyze the promotion opportunity for the employees.
• MIS helps the Management to analyze the critical factors of the business. Decision making uses MIS on how to remove and improve irrelevant factors. Example: Report of Wastages and its reason help to take corrective action to stop wastages.
• MIS helps to analyze the importance of each activity of the business. Decisions-making arranges each activity in the system. Example: Function of Various Branch of Management, Decision-making connect each department with another department.

In short, we conclude that the MIS helps Decision-Making and improve the organization to achieve organizational goals.

All the very best, take care.