Business Decision Making

PART 1 Section One Task 1 A commission Information System (SIM) converts data from knowledgeable and external sources into knowledge, and communicates that teaching in an appropriate form to managers at exclusively levels. This enables them to influence timely and effective decisions for planning, directing and arbitrary the activities for which they be responsible. (Lucey, direction Information Systems) MIS should have a understandably defined framework of guidelines, policies or practices, standards, and procedures for the organisation. These should be followed throughout the channel in the development, maintenance, and persona of all MIS. MIS is viewed and utilize at numerous levels by management. It should be affirmive of the organisations longer term strategical goals and objectives. To the other utmost(a) it is also those e realday pecuniary accounting systems that are used to ensure radical control is maintained all over financial recordkeeping activi ties.

A business organisations MIS should be designed to carry out the interest goals: Enhance communication among employees Deliver complex textile throughout the organisation Provide an objective system for save and aggregating schooling Reduce expenses relate to labour-intensive manual activities stand-in the organisations strategic goals and direction By its very nature, management information is designed to meet the unique inescapably of individual organisations. As a result, MIS requirements leave behind vary depending on the size and complexity of the operations. For example, systems suitab le for community sized organisations will no! t necessarily be adequate for larger organisations. However, basic information needs or requirements are similar in all financial institutions regardless of size. The complexity of the operations and/or activities, together with organisation size, point 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 extensive essay, order it on our website: BestEssayCheap.com

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