The present Management Iinformation system assignment report will discuss about the management information system and the role of MIS in corporate world. The report will also describe the place of management information system in the organizations and how it helps them in their business operations. Additionally, report is also going to explore the meaning of Web 2.0 and the relationship of Web 2.0 and MIS. At last report, will show the impact of web technology on SAC rules and explain pros and cons of social networking.
Definition of management information system (MIS)
MIS stands for management information system which is the software and hardware system used within an organization and provides essential information to the management of company to operate their business. It is widely used and most applied name for the three-resource system which is needed for effectual management of the organization (Chaffey & White, 2010). Basically, MIS gives four different types of information; predictive, diagnostic, prescriptive and descriptive. There are three main resources which are information, people and technology which appears in outside or inside of the business and the top priority is provided to the peoples. The system is defined as the set of various information techniques that are included in computer automation and otherwise improves and supports the effectiveness and quality of various business functions and decisions that are created by humans.
Management information system refers to a discipline which mainly concentrates on elements of communication and information technology management in a company. It is a computerized database of different financial information of the organization which is arranged in a programmed and organized way which helps to produce regular reports on business operations for each level of the management in a business (Laudon & Laudon, 2011). The major purpose of MIS is to provide feedback to the managers about their own performance as they are responsible to manage overall functioning of organization. Furthermore, it has been identified that management information system not only signify the status of business situations but also specify the reason of the conditions by which business develops and fail.
Role of MIS in corporate world
The role of MIS in corporate world is to define and analyze the abilities of decision making process. The process of decision making has essential impact on the top level management in a company and it is generated by automated decision making process. Basically, MIS is essential for the organization and also for different departments of the firm to easily communicate with the each other by proper decision making which is required for managing the company in an effective and efficient way (Sousa & Oz, 2014). It has been identified that management information subsystem and its subsystems are used in a decision making process in different ways. It plays an essential role as it provides huge efforts in process of decision making process for the managers of the company.
The MIS mainly satisfies various requirements and needs by using different systems in the business like analysis, query, and decision support systems (DSS) and modeling system. The management information system aids the business for management control, strategic planning, transaction processing and operational control (Asemi.et.al, 2011). Additionally, MIS is also helpful for both top level and middle level management. The top level management of business uses MIS for strategic planning, setting of goals, including different business plans and their execution. On the other hand, middle level management uses MIS for short term planning, management of business operations and setting of targets. Even it is mainly supported by the utilization of various management tools that are use in controlling and planning of business operations.
Place of MIS in corporate world
MIS is a process or system which provides needed information to the organization to manage business operations effectively. The system obtains an essential place in the company as it is different from other information systems and provides numerous benefits to the company. It supports the strategic directions and goals of the company and also increases communication between employees. The MIS is mainly responsible to change the dynamics of existing organizations in an effective way (Surroca.et.al, 2010). It mainly decentralized the operations of the business and it is considered as the biggest benefit for the company as it permits the organization to control business operations at each level and open the resources for managers of different departments to allocate time to all strategic operations and activities.
The innovative and advanced technology helps to improve the place of information system in terms of volume and availability of MIS and the managers of the organization are always presented for both planning and process of decision making. Along with technological development management information system improves the potentials proper reporting and perfect decision making in business (Van.et.al, 2014). MIS should also place its advantage in the company by providing proper feedback on the efficiency of risk controls.
Web 2.0 is defined as the world wide websites focusing more on user generated content, interoperability and usable. It specially describes the change from static to dynamic or user-generated content web pages and the development of social media. It is a combined term of applications of World Wide Web and internet which includes wikis, blogs, networking sites, hosted services, web applications and services of video sharing. Even it comprises of web sites like MySpace and Facebook which mainly concentrates on participatory collaboration and interactive sharing rather than delivery of simple content (Procter.et.al, 2010). It is mainly used to define WWW which highlight user generated content, interoperability and usability. It essentially focuses on the capability of peoples to gather and share online information. Basically, Web 2.0 refers to the alteration from static HTML page to dynamic web page which is considered as the more dynamic Web and it is more controlled based to serve Web applications to different clients or users (Andriole, 2010).
Relation between Web 2.0 and MIS
Web 2.0 and management information system has huge relationship with each other. Web 2.0 used in MIS to obtain quick response of business operations and their benefits (Shang .et.al, 2011). There are various tools provided by Web 2.0 for quick response of business by using MIS accordingly. There are various organizations which are more and more interested to obtain benefits by application of Web 2.0 technologies as the advanced technology of Web 2.0 provide various benefits to the company along with the use of MIS. There is a strong relationship among MIS and Web 2.0 as information system is mainly used to provide essential information to the business and Web 2.0 provides various tools and techniques of WWW, social media and internet which are considered as the most advanced technique to obtain and convey different information in a faster way (Lau.et.al, 2012). So, it is essential for the organizations to obtain both Web 2.0 and MIS in their business which helps them to provide information in an effective way.
Changes in rules of SCA by web technology
SCA stands for service component architecture which is a software technology and it is mainly designed to offer a model for creating various applications which are following principles of service-oriented architecture. This technology is mainly created by main software seller like Oracle, IBM and TIBCO. The web technology is mainly responsible to make the changes in SCA. Improving web technology has a great impact on SCA rules as innovative technologies are included in web technologies which are responsible to make the changes in SCA rules n (Edwards, 2011). Mainly, innovation of new technologies in web is making various changes in rules of SCA because SCA mainly provide various policies and rules to the software and hardware users.
Pros and cons of social networking
The social networking is defined as the utilization of dedicated applications and web sites which are mainly used by peoples to interact or communicate with other clients or users and to find some new peoples in same interest (Guy, 2012). It is a practice to enhance various businesses or social contacts by creating relations among individuals. Social networking has various pros and cons which are given below:
Pros of social networking
- Social networking helps to make new social relations and connections among different peoples. It has been identified that 70% adults are using different social media sites to connect with their relatives and friends in another state, and 57% teenagers are creating new friendship on various social media sites (Guy, 2012).
- Social networking is considered as a big source of employment. A report has been showed that work sourcing has gone modern with the help of social networking sites. LinkedIn is a special social media site which is considered as the main source of job recruitments by which organization could be able to hire potential staff members.
- Social networking also helps to provide better quality of life to the peoples. Regarding this, Facebook has various support groups and the groups mainly discuss about various topics and share essential resources and information to other peoples.
- Social networking sites are used to convey information in a faster way when compared to any other network. It is considered as the main source to quickly spread essential information to the peoples.
- It gives academic research to large number of audience and it permits various peoples to access the earlier educational resources which are available in social media applications.
Cons of social networking
- Social networking allows extend of false and unreliable information. Social networking sites are not capable to stop or reduce conveying of wrong information (Arnold & Paulus, 2010).
- Social networking sites have lack of security and privacy and it represent the clients or users to corporate businesses or governments.
- It have negative impact on school and college students as the students who use applications of social media are mainly tends to have lower grades. It has been identified that social networking sites are distracting students from their study and reduce their grades in the schools.
- Social networking sites are attracting peoples to waste their time by using the social media applications (Lederer, 2012).
- There is a need of additional resources to maintain the online presence of the peoples.
- Social media networking is instant and it essentially requires everyday monitoring.
The Management Information System Assignment report described the meaning of MIS as it is considered as the software and hardware systems in an organization which provides essential information to the management of company to operate their business and its role and place in the company. Report also defines Web 2.0 as it is the existing state of online technology as it is considered as the second development stage of internet. Report also concluded the pros and cons of social networking in which Social networking is considered as a big source of employment on the other hand it is also allows extend of false and unreliable information. Social networking sites are not capable to stop or reduce conveying of wrong information.
Books and journals
Andriole, S. J. (2010). Business impact of Web 2.0 technologies.Communications of the ACM, 53(12), 67-79.
Arnold, N., & Paulus, T. (2010). Using a social networking site for experiential learning: Appropriating, lurking, modeling and community building. The Internet and higher education, 13(4), 188-196.
Asemi, A., Safari, A., & Zavareh, A. A. (2011). The role of management information system (MIS) and Decision support system (DSS) for manager’s decision making process. International Journal of Business and Management, 6(7), 164.
Chaffey, D., & White, G. (2010). Business information management: improving performance using information systems. Pearson Education.
Edwards, M. (2011). Service Component Architecture. 2011-04-08).[2011-05-05]. http://oasis-opencsa, org/sca.
Guy, R. (2012). The use of social media for academic practice: A review of literature. Kentucky Journal of Higher Education Policy and Practice, 1(2), 7.