Management information system (MIS) refers to the organized and systematic technique of collecting, analyzing and presenting key information to help the management for making wise decisions. It gathers raw data and information, compiles it and presents in a readable format that assists the management for planning, controlling and decision making. In this post we are going to discuss some essential features of MIS.
Key Characteristics Of Management Information System (MIS)
The main features or characteristics of MIS can be highlighted as follows:
1. Systematic Approach
MIS is a systematic approach of collecting, analyzing, storing, processing and presenting the information so that the management can make proper decisions that helps to improve the performance in the workplace.
2. Real Time Data
Management information system (MIS) offers real time data and information that helps the top level management to evaluate the performance and make timely decisions in case of any variance.
3. Flexibility And Adaptability
Another notable characteristic of MIS is that it is flexible in nature. It can be changed or modified as per the change in the business environment or technological changes.
4. Future Oriented
Although it provides past data and information, it is helpful for planning and controlling. It helps to prepare future plans and policies that helps to achieve the goals and objectives of the firm. Therefore, it is futuristic in nature.
5. Management Oriented System
MIS provides important data and information demanded by the management. It collects and presents information as per the requirement of the top management. So, it is management oriented technique.
6. Complete And Accurate Information
A good management information system should ensure completeness and accuracy of the information. Relevant information should be provided to make particular decision.
7. Security And Privacy
Effective MIS should ensure safety and privacy of confidential data and information. Data should be protected from breaches and unauthorized access.
Also Read
Advantages and disadvantages of MIS
Difference between MIS and DSS
Objectives of management information system
8. Improve Efficiency
A good management information system helps to enhance the efficiency of the organization. It helps to automate the tasks and make quick decisions that improves the performance as well as efficiency in the workplace.
9. Easy To Use
It should have user friendly and flexible design so that the large and complex data can be presented in simple format. So, the user can get required data and information easily in less time.
