Management Information System

MIS Definition 

Management Information System can be defined as an approach that visualize the

business organisation as a single entity which composed of various inter-related and inter-dependent sub-systems looking together to provide timely and accurate information for management decision making, which leads to the optimization of overall enterprise goals.

Explanation:

MIS an approach - how it function, provide solution to Organizational problem, facilitate the Organizational functions

Entity - an object,place, person,events or organization

System - set of elements working together to achieve a common goal, we called organisation as a system because the various elements such as human beings, raw materials, machineries, money, etc jointly working together to achieve the production as well as profits( common goal)

Data - facts,rules,etc,for example name of a person,email id , etc

Information - data processed and converted as a meaningful information, for example a class tutor collect all the details of his or her students and convert the collected data as a meaningful information ( students database) for future reference

Quality of the Information:

Must be Timely and Accurate, best example daily Newspaper , yes information when needed we need to give updated information and on right time

Optimization : 

Minimum Cost - Maximum Profit

Minimum Resources - Maximum benefits

Enterprise - The business Organization

Enterprise/ Organizational goals: Profit