100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Impact of MIS on Decision Making $2.99   Add to cart

Essay

Impact of MIS on Decision Making

 11 views  0 purchase
  • Course
  • Business finance
  • Institution
  • Business Finance

The role of MIS in decision making is not only to support the process but also to make it more effective. MIS offer a central storage of all the information in any business which can be used in all levels. Hence this system is not only essential in collection and management of information but can a...

[Show more]

Preview 1 out of 7  pages

  • December 5, 2023
  • 7
  • 2023/2024
  • Essay
  • Unknown
  • B
  • Business finance
  • Business finance
avatar-seller
MaryNash
The impact of management information systems on the speed and easiness of
organizational decision-making

Decision making process is a very crucial process in any organization especially in today’s

business. Decision making process can be referred to a balance system or a check that ensures

that an organization keeps growing, and seeks to achieve company’s pre-set goals and objectives,

mission as well as vision. Reliable and timely information is essential especially when taking

rational decisions. For a business to survive and sustainably become successful in today’s world,

it should have a well-planned, designed, analyzed, and as well as maintained management

information systems. This helps organization to effectively compete locally as well as globally.

The role of MIS in decision making is not only to support the process but also to make it more

effective. MIS offer a central storage of all the information in any business which can be used in

all levels. Hence this system is not only essential in collection and management of information

but can also be used to represent the same information into different formats that can be used by

the managers to make important decisions. Studies have shown that MIS allow mangers to have

faster access to necessary information, thus, allowing the organization to make timely and

effective decisions related to various aspects of an organization including products, employment,

and investment.


Numerous studies have discussed the role of MIS in decision making. One the first research

studies focusing on the relationship between MIS and decision making found out that MIS

basically offer knowledge related to basic forces and organizational position at work. This means

that it provides important information required in decision making as well as allow

organization’s planning, operational functions and control to be effectively carried out. Other

studies indicate that MIS can allow managers to have quick access to information. This can

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MaryNash. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80796 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.99
  • (0)
  Add to cart