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  1. Components & Role of MIS (Management Information System)

    • Data refers to raw basic facts i.e. price of a product, the number of products purchased, etc. that haven’t yet been processed. For example, a price of $6 and a quantity of 10 do not convey any meaning to a … See more

    Competitive Advantage of Information and Mis

    Competitive advantage is a position that makes a business more profitable than its competitors. For example, producing products at a lower cost than your competitor… See more

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    Components of Mis and Their Relationship

    A management information system is made up of five major components namely … See more

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    Porter’s Value Chain

    Think of a company such as Apple Inc. Why are they successful? Why do customers love and buy the iPhone? It is because the iPhone adds value to their lives. This i… See more

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    Influence of It on Organizational Goals

    Organizational goals refer to objectives and the mission of the organization, especially in the long term. Regardless of the type of business that an organization engages in, the overall … See more

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  2. People, business processes, data, hardware, and software
    • According to 2 sources
    A management information system is made up of five major components namely people, business processes, data, hardware, and software. All of these components must work together to achieve business objects.
    Five components comprise a management information system: people, business processes, data, hardware, and software. To accomplish corporate goals, each of these components must cooperate.
     
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  4. An Introduction to Management Information System (MIS)

     
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