The importance of Information for Management

24 Feb

Hey Bloggers,

Management information systems are methods of using technology to help organizations better manage people and make decisions. Managers use management information systems to gather and analyze information about various aspects of the organization, such as personnel, sales, inventory, production or other applicable factors. Management information systems can be used to evaluate the performance of the organization as a whole, certain departments or even individuals. Other management systems, such as supply chain management and project management, are often included under the label of management information systems.

Decisions that are made by senior,middle and junior managers are normally based on sales figures. If sales are on the  way up then management have to make decisions to keep on increasing sales or to invest the money in new technology. Like wise if sales are declining the management need this data in order to make cuts where they are needed. i.e Staff, production and research and development.

References:

http://www.wisegeek.org/what-are-management-information-systems.htm

3.bp.blogspot.com/-TynYj7aCmak/UKtmuVx7Q9I/AAAAAAAABcM/FjIsS6-TTVQ/s1600/statistical_based_decision_making.png

http://www.unexpectedleisure.com/wp-content/uploads/2011/03/lostJob.jpg

3 Responses to “The importance of Information for Management”

  1. sad112759089 February 24, 2013 at 7:46 pm #

    Great Blog!

  2. sad112712305 February 25, 2013 at 9:13 am #

    Good blog🙂 Do you know any example of a company which uses this IS ?

  3. sad112425878 February 25, 2013 at 1:30 pm #

    A lot of companies use this kind of information systems. The company that i work for use it they are Quish’s Supervalu, Ballincollig. They are a retail company who heavily depend on sales. At the the moment we are seeing a decline in sales, which have lead to our hours being cut. This then could lead to a loss of jobs. The data that is received from this system helps them make there decision.

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