Management + Information + System System: A set of interrelated parts that must work together to achieve a common goal
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- Input
- Process
- Output
- Feedback/ control/ evaluation
- Information is meaningful data related to something
- Management: Is an art & science of getting things done by and through people
- Effectiveness (to achieve a goal)
- Efficiency – Utilization
- Profitability – Value
Information System: Information system is a system that arranges the components like people resources, software, Hardware, Data, and Network to produce meaningful information from the data by doing the process on it.
Major Components of Information System
- People Resource
End Users/ Client
IT specialist
- Software Resource
Program/ Procedures
- Hardware Resource
Machines/ Media
- Data Resource
Database/ Knowledgebase
- Network Resource
Communication/ network support
Management Information System which arranges the different components like people, software, hardware, data, network to produce meaningful information or knowledge from data (raw materials) to support management for decision making. MIS deals with planning for development, management, and use of IT tools to help people perform all tasks related to information processing and management.
