Characteristics of Management Information System : The most important characteristics of an MIS are those that give decision-makers confidence that their actions will have the desired consequences , and among this characteristics we can mention : It should be based on a long-term planning . The Management Information System (MIS) is a concept of the last decade or two. Management Information System (MIS): Management Information System is designed to take relatively raw data available through a Transaction Processing System and convert them into a summarized and aggregated form for the manager, usually in a report format. It has been understood and described in a number ways. “Management information system is a comprehensive and coordinated set of information sub-systems which are rationally integrated and which transform data into information in a variety of ways to enhance productivity in conformance with managers’ styles and characteristics on the basis of … Management information system is not a monolithic entity but a collection of systems which provide the user with a monolithic feel as far as information delivery, transmission and storage is concerned. aggregate, compare and summarizes the results to produced reports that tactical managers use to monitor, control and predict future performance. A management information system is an advanced system to manage a company’s or an institution’s information system. in order to facilitate effective decision making and implementation, in order to carry out organizational operations for the purpose of achieving the organizational goal. It is a very strong tools available to managers for planning, organizing, executing, monitoring, control and evaluation of their operations efficiently. ADVERTISEMENTS: This article will help you to differentiate between data processing and management information system (MIS). The four important characteristics include. in simple words, the Management … The data processing functions are data collection, manipulation, and storage as used to report and analyze business activities. Rapid response-Fast performance is critical-Turnaround time from transaction input to the production output must be a few seconds or less. Reliability-Breakdowns disturb operations-Failure rates must be low-If failure occurs, recovery must be quick and accurate . MIS consists of three basic components: Management, Information and the System. MIS is a scientific way of collecting; processing, storing and communicating information relating to the various activities of an organisation to the various levels of management so that management may be facilitated in discharging its functions efficiently and run the organisation in an efficient manner for the betterment of all. Contribution to MIS literature (Anthony 1965) by developing a framework for management information systems … The MIS system analyzes the input with routine algorithms i.e. 1. The role of a management information system, or MIS, can vary from one company to another in its details, but its overall purpose is generally the same: to improve the efficiency of daily transactions, operations, management and business strategy through the analysis of relevant information. The output from a transaction processing system is used as input to a management information system. MIS Facilitates effective communication. These management information systems can be created from scratch or can be acquired off the shelf and then customized to fit the needs of the organization. The data processing system is oriented primarily to processing transactions for day-to-day operations. Management Information System is a computer based system. it is a computerized database to organize and program in such a way so that it generates methodical reports for each level of a company.. Reports for some special events can easily be obtained from the management information system. … The MIS has more than one definition, some of which are give below. It is also known as the Information System, the Information and Decision System, the Computer- based information System. Management information system is a set of systems which helps management at different levels to take better decisions by providing the necessary information to managers. 1. 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