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The Impact of Management Information System to Business Organization

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Description

– The Impact of Management Information System to Business Organization –

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Abstract

This study examines The Impact of Management Information System in Business Organization with reference to Union Bank Plc.

It analyze general concern for every organization in recent times most especially because of the role it plays in the acquisition of skilled and knowledge required by employees in the performance of their job for the coherent of organizational effectiveness.

It entails the provision of necessary information to individual managers in an organization in order to improve their productivity and efficiency in the attainment of the overall objectives of the organization, which are profitability, market standard, employees satisfaction and social responsibility.

The data were collected to check the reliability, validity and accuracy in the process and table constructed for the respondents. Chi-square method was used and the statistical tables were constructed and tabulated to show respondent background such as level of education.

Percentage and absolute are also used for construction of this research essay. ,”45 questionnaires were administered to the workers of Union Bank Nigeria Plc, using chi-square to test the research hypothesis.

The findings revealed that companies should establish a record keeping system tailored to maintain its management information.

It therefore recommend that the use of the management information system in investment appraisal, prospective investor, merger and acquisition, valuation of business, company tax computation and finally on employee and business valuation evaluation.

Introduction

1.1 Background of the Study

MIS stands for management information system, which we define as the development and use of information system that helps businesses achieve their goals and objectives. This definition has three key elements: development and use, information system, business goals and objectives (kroenke, 2011).

A system is a group of component that interact to achieving some purpose, an information system (IS) is a group of component that interact to producing information. A model of the components of an information system: computer hardware, software, data, procedures and people (kroenke, 2011).

These five components are present in every information system, for example, when you use a computer to write a report, you are using hardware (the computer, storage disk, keyboard, and monitor).

Software (word, or other word-processing program), data (the words, sentences, and paragraphs), procedures (the methods you use to starting the program to enter, save and back up), and people (you). What is information? Information is knowledge derived from data, whereas Data is defined as recorded fact or figures (kroenke, 2011)

MIS provides several benefits to the business organization: the means of effective and efficient coordination between Departments; quick and reliable referencing; access to relevant data and documents; use of less labor; improvement in organizational and departmental techniques;

Management of day-to-day activities (as accounts, stock control, payroll, etc.); day-to-day assistance in a Department and closer contact with the rest of the world. MIS provides a valuable time-saving benefit to the workforce

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