Business Decision Making

PART 1 Section One Task 1 A commission Information System (SIM) converts data from cozy and external sources into knowledge, and communicates that selective tuition in an appropriate form to managers at all levels. This enables them to influence timely and effective decisions for planning, directing and dictatorial 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 ancestry in the development, maintenance, and persona of all MIS. MIS is viewed and utilize at many a(prenominal) levels by management. It should be nutrimentive of the organisations longer term strategic 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 everyplace financial recordkeepin g activities.

A business organisations MIS should be designed to make the interest goals: Enhance communication among employees Deliver complex hearty throughout the organisation Provide an objective system for transcription and aggregating information Reduce expenses relate to labour-intensive manual activities deliver 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 sizing and complexity of the operations. For example, systems suitable for commun ity sized organisations will non necessaril! y 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, unitedly 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 safe essay, order it on our website: BestEssayCheap.com

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