10.10.12

1. Draw and explain the needs of management information system.




he objective of MIS (Management Information System) is to provide information for decision making on planning, initiating, organizing, and controlling the operations of the subsystems of the form and to provide a synergetic organization in the process. Decision Support System: It is sometimes described as the next evolutionary step after Management Information Systems (MIS). MIS support decision making in both structured and unstructured problem environments. It supports decision making at all levels of the organization. IS (Information Systems) are intended to be woven into the fabric of the organizations, not standing alone. IS support all aspects of the decision making process.MIS are made of people, computers, procedures, databases, interactive query facilities and so on. They are intended to be evolutionary/adaptive and easy for people to use.

The human intelligence is closely related with the human experience and decision making skills which is strongly backed by information's.
Now a day's in every field of human working right information is considered as the most important resource of good decision making. Every organization runs by the managers of organization, who are making decisions in every step of organizational activities. Due to the importance of information in decision making a separate field has emerged to serve the appropriate information's to managers for effective and good decision making purpose. Serving the suitable information use to pass through a process called management information system as the information is using to make management decisions. Management Information System sounds very much related with technology yes now it is absolutely true but manual procedures of delivering information's to the managers is also available in backdated organizations of the world. Basically the technology based information system is not very old. In past organizations used to use traditional management information system. The main purpose of management information system is to ensure the flow of appropriate information to the appropriate people of organization as well as parties related with organization. So that they can (Internal and external decision makers) can make good decisions for running the organization. The entire process objective is to provide complete, timely, reliable and quality information's to the decision makers. Todays managers depend on information systems for decision making. The managers have handful of data around them but manually they cannot process the data accurately and with in the short period of time available to them due to heavy competition in modern world. Therefore mangers depend on information systems.

A Disquieting Decline: Understanding the Challenges Facing eBay

Once a titan of the e-commerce landscape, eBay, the pioneering online auction house and marketplace, finds itself navigating increasingly t...