Professional Documents
Culture Documents
Information - Need in An Organisation
Information - Need in An Organisation
- Need in An Organisation
Information
Difference Between Data & Information
Low
External TOP
MGT
Source of MIDDLE
Information Structural
MGT Information
DATA
Individual elements of a transaction
INFORMATION
Is data with meaning
INFORMATION SYSTEM
A set of procedures organized to generate information
that enables managers to review operational, tactical
& strategic planning activities
MANAGEMENT INFORMATION SYSTEMS
Designed to provide information for effective planning
& tactical decision making
Use of MIS Value of Information
Key Very High, Meeting
Top Goal Setting, Policy Acc- High Risk and Un-
urate Uncertainty Struc-
Exec- Making, Strategic
Futur- Situation tured
utive planning
istic
Middle Decision making Unformatted,
Division Problem solving Precise, High, Meeting Regular but
Product Monitoring & Analytical Risk situation Modified
Managers Achieving Bus- Decision frequently
Iness Goals oriented
Problem Proccessed, Low, meeting
Supervisory, Given at fixed
solving summarised Near certainty
Jr.Managers, Interval, display
& Meeting And classified for situation
Supervisors & print
Targets Current period
Operational To know Detailed relating to Lowest Large Volume
Assistants The current period
Clerks Status Print
facts
Levels of Management Nature of Information Reporting media & Structure
System is a set of interacting or
interdependent entities, real or abstract,
forming an integrated whole.
SYSTEMS CONCEPTS IN
BUSINESS
The systems approach is a way of analyzing business
problems
This approach views the business organization as a
system of interrelated parts designed to accomplish
goals
Each subsystem is a self-contained unit, but is also a
part of the whole system
Managers need to understand the goals of the
business and design the functions of the subsystems
to achieve these goals
Market research subsystem
Input Process Output Customer
Manufacturing subsystem needs
Old
Inventory New
master Inventory
master
An inventory update system
SUBSYSTEM INTERFACES
Interfaces exist between a subsystem
and other subsystems
Outputs of one subsystem become
the inputs of another subsystem
If the outputs of one subsystem are
incorrect, the next subsystem will be
affected
.