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MIS Reviewer

Management Information Systems (MIS) integrate people, processes, and technology to collect, store, and disseminate data, playing a crucial role in strategic decision-making and operational efficiency. Key components include data, technology, processes, and people, with various types such as Transaction Processing Systems (TPS) and Decision Support Systems (DSS). The document emphasizes the importance of MIS in driving innovation, enhancing customer experience, and achieving competitive advantage through effective information management.
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0% found this document useful (0 votes)
8 views3 pages

MIS Reviewer

Management Information Systems (MIS) integrate people, processes, and technology to collect, store, and disseminate data, playing a crucial role in strategic decision-making and operational efficiency. Key components include data, technology, processes, and people, with various types such as Transaction Processing Systems (TPS) and Decision Support Systems (DSS). The document emphasizes the importance of MIS in driving innovation, enhancing customer experience, and achieving competitive advantage through effective information management.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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MIS- structured, integrated approach to collecting, storing and disseminating data

- encompasses people, process, technology

MIS vs. IT vs. CS


-IT focus more on technical infrastructure
-MIS applies information System. Distinct from IT
-CS more theory

1960s- Transaction Processing Systems (TPS): automating repetitive tasks like payroll, billing, and
inventory control. Mainframe-based.

1980s- Decision Support Systems (DSS)- helping managers make data-informed decision.
2000s- Present- Digital, Agile, and Data-Driven MIS- integrates cloud computing

Importance of MIS Today


a. Strategic Decision-Making- accurate, timely, and relevant info
b. Operational Efficiency- automating business processes
c. Customer Relationship (CRM) -to gather, analyze, and respond to customer data
d. Innovation and Competitive Advantage- Through tools like data analytics, cloud computing, and real-
time dashboards.

MIS Components
a. People- who interact with the information System
b. Technology (Hardware, Software, Networks)- includes physical devices, software app, and
communication networks
c. Processes- rules that govern the operation. Ensure consistensy, efficiency, and compliance
d. Data- raw facts and figures

Types of MIS
a. Transaction Processing Systems (TPS)- handle the collection, storage, modification, and retrieval of
all data
b. Management Information System (MIS)- convert data from TPS
c. Decision Support Systems (DSS)- combines data, sophisticated analytical models, user-friendly
software
d. Executive Information Systems (EIS)- also known as Executive Support Systems (ESS)- provide top
executives

MIS Key Concepts- Data vs. Information vs. Knowledge


- Information as a business Asset

Data vs. Information vs. Knowledge


a. Data- raw, unprocessed facts
b. Information- processed data
c. Knowledge- insights derived from information and experience

Information as a Business Asset


- Information can dribe business strategy
-Proper management of information increases organizational agility

Real-World Example of MIS


a. Amazon- inventory and recommendation Systems
b. Banks- online transaction processing
c. Governments- tax and record systems
Role of IS in Business Strategy
a. Achieving Competitive Advantage- helps firms lower costs
b. Enhancing Customer Experience- IS supports personalized marketing
c. Enabling Innovation- IS is foundational creating new products

IS- no longer just tools to automate business processes

Porter’s Five Forces of IS


a. Rivalry Among Existing Competitors- examines the intensity of competition
1. Enterprise Resource Planning (ERP)- streamline operations
2. Customer Relationship Management (CRM)- improve service quality
3. Data analytics- helps firms understand market trends
b. Threat of New entrants-how easy or difficult it is for new players to enter and industry
c. Bargaining Power of Suppliers- hiow much power suppliers have over pricing
1. Just-In-Time (JIT) and Supplier Relationship Management (SRM)- systems reduce dependence
on single suppliers
d. Barganining Power of Buyers- analyzes the power customers have to drive price down
e. Threat of Substitute Products or Service- how easily customers can switch to alternative

The Value Chain Model- outlines all the activities a company undertakes
- using IS to add value

Primary Activities- involved creating a product or service including logistics, operations, outbound
logistics, marketing & sales and service.
Support Activities- support primary activities including procurement, technology development,
human resource management and infrastructure.

Primary Activities
a. Inbound logisctics- IS improve supply chain
b. Operations- Enterprise Resource Planning (ERP) optimize production schedules
c. Outbound Logistics- IS enables real-time delivery tracking
d. Marketing and Sales- Digital Marketing tools and CRM personalize promotion
e. Service- IS supports customer support platforms

Digital Transformation- integration digital technology


- to increase efficiency, improve customer experience, drive innovation
- enables companies to adopt new business models

Example Technology
a. Cloud Computing- Facilitates scalable infrastruture
b. Artificial Intelligence (AI)- enables automation
c. Internet of Things (IoT)- connects physical devices to internet
d. Big Data & Analytics- helps analyze large volumes of data

Business Model Innovation-Digital Information enables companies to adopt new business models

Information Systems for Innovation- Creating platform-based business models


- leveraging data for growth

Example of IS-Driven Innovation


a. Uber- uses digital platform to connect drivers and passengers in real time
b. Airbnb- enable peer-topeer lodging services
c. Zoom- provides scalable, cloud-based video communication platform
Creating Platform-Based Business Models- IS allows companies to create platform ecosystems that
bring together. Generate network effects.

Leveraging Data for Growth- business use IS to collect and analyze customer behavior. Predictive
analytics and machine learning to help identity trends.

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