Information is always seen as the lifeblood or one of the key intangible assets of any organization. It determines the effectiveness and efficacy of management. Quality information is needed by managers to harness internal resources to tap into opportunities and manage threats in the external environment regardless of the type of organization.
Information is a major raw material that must be combined with other resources to produce a want satisfying product.
Management Information system (MIS) can be defined as a system that gathers comprehensive data, organizes and summarizes it in a form valuable to functional managers with the information they need to do their work-Griffin(1990).
MIS is a computer-based information system that transforms internal and external sourced data into information needed by employees to enable them to make appropriate decisions for planning, decision making, communication, and human resource management and controlling. It helps managers to analyze the past, make decisions for the present and projection for the future.
The following are ways that management Information system can impact an organization’s performance:
In other words, Management Information System helps to make available accurate and timely information necessary to facilitate the decision-functions to be carried out in an effective way to the management.
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