FMIS Lecture 1_1

8/7/2019 FMIS Lecture 1_1

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R R Sachdeo


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MANAGEMENT INFORMATION

SYSTEMSystemy As a group of interrelated or interacting elements

forming a unified whole.y

A group of interrelated components working together towards a common goal by accepting inputs & processing to get desired output in anorganized transformation process.

y It is more useful when we add Feedback &

Controly Other System characteristicsSub systemOpen and closed system

Adaptive system

R R Sachdeo


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Monthly Sales Reportfor West Region

Sales Rep : Charles MannEmp No. 79154Item Qty Sold PriceTM Shoes 1200 $100

Data vs. Information

R R Sachdeo


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Information System

Data plural form of datum or raw facts or observationInformation data that have been convertedinto more meaningful & useful context for

specified end-user.IS is any organized combination of people,hardware, software, communication network& data resource that collects, transforms anddistribute information in an organization.

R R Sachdeo


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Components of IS

People Resourcey End User y IS Specialist

Hardwarey Physical devicesy Material

Softwarey Systemy Applicationy Procedure

Datay DBMS & KBMS

Networky Internet & Intranet

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Types of IS

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Management

I s the process of planning, organizing,staffing, coordinating & controlling theefforts of the members of theorganization to achieve common stated goals of the organization.

R R Sachdeo


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Management Information System

System which provides information supportfor decision making in the organization

As an integrated system of man andmachine for providing the information tosupport operation, the management & thedecision making function in organization.System based on the database of theorganization evolved for the purpose of

providing information to the people in theorganization.Computer based information system.

R R Sachdeo


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Definition -- MIS

I s a computerized business processing system generating information for the

people in the organization to meet theinformation needs for decision making toachieve the corporate objectives of the

organization.

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Role & Impact of MIS

The system ensure that an appropriatedata is collected from various sources,processed and sent further to all the needydestinationPlays the role of information generation,communication, problem identification andhelps in the process of decision making.Support management to becomes more

efficientTo bring understanding / clarity of thebusiness itself.

R R Sachdeo


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Evolution of management

thoughtsRobert OwenCharles Babbage

F. W. Taylor Henry Fayol

R R Sachdeo


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Questions

Is managing a science or an art?

Why has Frederick Taylor been calledthe the father of scientificmanagement, and Henri Fayol thefather of modern management theory?

List out the 14 principles lead down byFayol.

R R Sachdeo


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Manager

A person who identifies and achievesthe organizational objectives through thedeployment of appropriate resources.Needs to distinguish between Task &FunctionTask: part of set of actions which

accomplish a jobFunctions: group of statements that areexecuted at a given time call

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G oal: long term aims to be achieved

Objectives: short term milestones to beaccomplished

Target: refers to physical achievements inthe organization

Vision & Mission

PolicyR R Sachdeo


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Functions of MANAGER

PlanningOrganizing

StaffingDirectingCoordinating

Controlling

R R Sachdeo

Documents

FMIS Lecture 1_1